MSC Income Fund shifts revolver benchmark to SOFR from Libor

Chicago, June 6 – MSC Income Fund, Inc. subsidiary MSIF Funding LLC modified its senior secured revolving credit facility with JPMorgan Chase Bank, NA to switch the benchmark interest rate to term SOFR from Libor, according to an 8-K filing with the Securities and Exchange Commission.

Borrowings will bear interest at SOFR plus 300 basis points, reflecting a 10 bps credit spread adjustment.

The amendment was signed on June 2.

MSC is a Melville, N.Y.-based distributor of a broad range of industrial products to industrial customers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.