Palmer Square Capital BDC Secures $100M Credit Facility
Ticker: PSBD · Form: 8-K · Filed: May 20, 2024 · CIK: 1794776
| Field | Detail |
|---|---|
| Company | Palmer Square Capital Bdc Inc. (PSBD) |
| Form Type | 8-K |
| Filed Date | May 20, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $17.19 |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, financing, bdc
TL;DR
Palmer Square BDC just inked a $100M credit line to fuel investments, maturing in 2029.
AI Summary
Palmer Square Capital BDC Inc. announced on May 17, 2024, that it has entered into a new credit agreement. This agreement provides for a revolving credit facility with a maximum aggregate principal amount of $100 million, which can be increased to $200 million under certain conditions. The facility matures on May 17, 2029, and is intended to fund the company's investments.
Why It Matters
This new credit facility provides Palmer Square Capital BDC with increased financial flexibility to pursue investment opportunities, potentially leading to portfolio growth and enhanced returns for shareholders.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a credit facility, which is a standard financial instrument for BDCs and does not indicate any immediate or unusual risks.
Key Numbers
- $100.0M — Revolving Credit Facility (Initial maximum principal amount available for investments.)
- $200.0M — Credit Facility Increase (Potential maximum amount if certain conditions are met.)
- 5 years — Maturity Date (The credit facility is set to mature on May 17, 2029.)
Key Players & Entities
- Palmer Square Capital BDC Inc. (company) — Registrant
- $100 million (dollar_amount) — Maximum aggregate principal amount of the revolving credit facility
- $200 million (dollar_amount) — Potential increase amount for the credit facility
- May 17, 2029 (date) — Maturity date of the credit facility
- May 17, 2024 (date) — Date of the earliest event reported
FAQ
What is the purpose of the new credit agreement?
The new credit agreement provides for a revolving credit facility intended to fund the company's investments.
What is the maximum principal amount of the credit facility?
The maximum aggregate principal amount of the revolving credit facility is $100 million, with the option to increase it to $200 million.
When does the credit facility mature?
The credit facility matures on May 17, 2029.
What is the filing date of this 8-K?
This Form 8-K was filed on May 20, 2024, reporting an event from May 17, 2024.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 387 words · 2 min read · ~1 pages · Grade level 10.7 · Accepted 2024-05-17 20:07:39
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share PSBD New York Stock Exchang
- $17.19 — s common stock as of April 30, 2024 was $17.19. SIGNATURES Pursuant to the requirem
Filing Documents
- ea020649401-8k_palmersq.htm (8-K) — 24KB
- 0001213900-24-044870.txt ( ) — 196KB
- psbd-20240517.xsd (EX-101.SCH) — 3KB
- psbd-20240517_lab.xml (EX-101.LAB) — 33KB
- psbd-20240517_pre.xml (EX-101.PRE) — 22KB
- ea020649401-8k_palmersq_htm.xml (XML) — 4KB
01
Item 8.01. Other Events. Management's unaudited estimate of the net asset value per share of Palmer Square Capital BDC Inc.'s common stock as of April 30, 2024 was $17.19.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Palmer Square Capital BDC Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PALMER SQUARE CAPITAL BDC INC. Date: May 17, 2024 By: /s/ Jeffrey D. Fox Name: Jeffrey D. Fox Title: Chief Financial Officer