An increase of the aggregate committed capital by $175,000,000 to $1,000,000,000
A reduction of the interest rate margins applicable to loans outstanding under the credit facility by fifty (50) basis points
A reduction of the non-use fee rate for unutilized commitments under the credit facility by five (5) basis points and a reduction of the maximum applicable non-use fee rate for unutilized commitments to thirty-five (35) basis points
Elimination of any credit spread adjustments from the calculation of the interest rate applicable to loans outstanding under the credit facility
Extension of the maturity of the credit facility to October 27, 2030, subject to such maturity being reduced to 91 days in advance of the earliest final scheduled maturity date of either the 9.500% Senior Notes due February 15, 2029 or the 8.250% Senior Notes due May 15, 2030, in each case issued by Jefferson Capital Holdings, LLC.
Removal of the existing financial covenant requiring a minimum tangible net worth of certain subsidiaries
Customary changes (including changes to financial reporting requirements and ‘change of control' thresholds) to reflect the status of Jefferson Capital as a public company
"The upsize of the credit facility will help us fuel the significant momentum of the business following the Bluestem portfolio purchase. We appreciate the continued support and partnership of our lenders, and we welcome the two new banks that joined the facility. Our ability to successfully execute on the largest capital commitment increase in Jefferson Capital's history is a testament to the strength of the credit fundamentals of the ...
