What changed
The facility is available to be drawn within six months and was undrawn as of November 5, 2026. Borrowings bear interest at term SOFR plus a margin ranging from 0.70% to 1.55% or a base rate plus a margin ranging from 0.0% to 0.55%, determined by credit rating. The facility includes a twelve-month maturity extension option for a 0.125% fee and the option to add up to $200 million in term loans with lender consent. A ticking fee of 0.15% per annum applies to the average daily unused portion from the ninety-day anniversary of the effective date until the end of the commitment period.
Why it matters
The facility is available to be drawn within six months and was undrawn as of November 5, 2026. Borrowings bear interest at term SOFR plus a margin ranging from 0.70% to 1.55% or a base rate plus a ma