NB Private Equity lifts Massachusetts Mutual facility to $300 million

By Devika Patel

Knoxville, Tenn., May 4 – NB Private Equity Partners Ltd. has agreed to increase credit facility with Massachusetts Mutual Life Insurance Co. by $50 million to up to $300 million, according to a press release.

The additional $50 million of capacity is currently undrawn.

The 10-year credit facility now bears interest at Libor plus 287.5 basis points with a 1% Libor floor and the undrawn spread remains 55 basis points.

NBPE is a closed-end private equity investment company with class A ordinary shares admitted to trading on Euronext Amsterdam and the Specialist Fund Market of the London Stock Exchange.

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