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AB Private Credit boosts credit facility by $65 million through mid-February
Chicago, Nov. 17 – AB Private Credit Investors Corp. temporarily increased the maximum commitment level on its credit facility to $200 million from $135 million through Feb. 13, 2024, according to an 8-K filing with the Securities and Exchange Commission regarding the Nov. 15 amendment.
The fund’s sublimit has likewise been temporarily increased to $40 million from $30 million.
HSBC Bank USA, NA is the administrative agent and a lender on the revolver that dates to June 14, 2019 and was last amended on June 9, 2023.
Middle-market lender AB Private Credit Investors is a subsidiary of New York-based AllianceBernstein LP.
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