T Series Financing II SPV gets $300 million five-year revolver

By Wendy Van Sickle

Columbus, Ohio, Oct. 14 – T Series Financing II SPV LLC entered into a $300 million revolving credit agreement on Wednesday with BNP Paribas as administrative agent and State Street Bank and Trust Co. as collateral agent, according to an 8-K filing with the Securities and Exchange Commission.

The reinvestment period ended on Oct. 12, 2025 and the final maturity date is Oct. 12, 2027. Each of these dates is subject to a one-year extension.

Advances may be drawn in U.S. dollars, pound sterling, euros or Canadian dollars, with the interest benchmark on such borrowings being term SOFR, Sonia, Euribor or CDOR, respectively. The margin is 270 basis points during the reinvestment period and 320 bps thereafter, with an additional margin of 10 bps for non-U.S.-dollar advances.

The borrower is a subsidiary of T Series Middle Market Loan Fund LLC.

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