NB Private Equity Partners Limited enters into new $200 million credit facility

NB Private Equity Partners Limited (LON: NBPE) has entered into a new $200 million credit facility.

  • The credit facility has been offered by Massachusetts Mutual Life Insurance Company simultaneously after the termination of its credit facility with JP Morgan Chase Bank.
  • The company has reported that the size of the facility is $200 million and including the $50 million accordion it is of $250 million.
  • The Interest rate of the debt facility is L+275 basis points (1.0% L Floor) on drawn amounts.
  • On 24th December 2019, at the time of writing, GMT 08:09 AM, NBPE shares were trading at GBX 1,170.00, down by 15.00 points or 1.27% against the previous day closing price.