Palmer Square Capital BDC Inc. has announced an amendment to its existing credit facility through its wholly owned subsidiary, Palmer Square BDC Funding II LLC. The agreement, entered into with Wells Fargo Bank as administrative agent and lender, and U.S. Bank Trust Company as collateral agent, increases the total facility amount from $175 million to $200 million. The amendment also extends the facility's maturity date from December 18, 2028 to November 4, 2030, and lengthens the reinvestment period to November 3, 2028. Additionally, the applicable spread has been reduced from 2.50% to 1.95% over Daily Simple SOFR, and the non-usage fee will now range from 0.50% to 1.45% depending on facility utilization levels.
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