Financing ·
Palmer Square Capital BDC Inc., through its subsidiary Palmer Square BDC CLO 1, Ltd., priced a $300.00 million…
PSBDPalmer Square Capital BDC Inc.
Palmer Square Capital BDC Inc., through its subsidiary Palmer Square BDC CLO 1, Ltd., priced a $300.00 million refinancing of a term debt securitization known as the CLO Reset Transaction. The transaction involves the private placement of $228.00 million in AAA Class A Notes at Term SOFR plus 1.28% and $72.00 million in AA Class B Notes at Term SOFR plus 1.75%. The refinancing is expected to close on July 15, 2026, with the notes scheduled to mature on July 15, 2039. The company will continue to serve as collateral manager and retain 100% of the existing subordinated notes. Palmer Square Capital BDC Inc. is a business development company that provides capital to middle-market companies.