ING to Provide Sustainability Linked Revolving Credit Facility for Lafayette Square [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
Company Research
Source: Yahoo! Finance
that it has entered into a new hybrid credit facility with ING Capital LLC ("ING"). The facility will be secured by a combination of Lafayette's Square's portfolio and the unused capital commitments of its investors and will support Lafayette Square's direct lending activities, with a primary focus on first lien senior secured loans. The credit facility, which matures in June 2029 , will provide Lafayette Square with access to a revolving line of credit, initially committed by ING and expected to grow through an uncommitted accordion feature through which existing and new lenders may, at their option, agree to provide additional financing up to $250 million . The annual interest rate applicable to borrowings under the facility will be based on a range of alternative rates, including term SOFR plus a margin of 2.70%. In addition, the annual interest rate will be adjustable based on an innovative sustainability linked loan ("SLL") pricing structure, with ING acting as the sole Susta
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ING
Earnings
- 2/1/24 - Miss
ING
Sec Filings
- 9/24/24 - Form 6-K
- 9/20/24 - Form 6-K
- 9/17/24 - Form 6-K
- ING's page on the SEC website