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The latest announcement is out from Palmer Square Capital BDC Inc. (PSBD).
Palmer Square Capital BDC Inc. successfully priced a significant $400.5 million term debt securitization through its subsidiary and is slated for closure on May 23, 2024. The securitization is backed by a diverse portfolio including senior secured loans and potentially second lien loans, among others. The private placement comprises different classes of notes with varying interest rates anchored to the Term SOFR. Additionally, the company plans to purchase all subordinated notes, complying with risk retention regulations, and expects these notes to mature by July 2037. These offerings, integral to financial market movements, are not registered under the Securities Act and are not publicly solicited.
Learn more about PSBD stock on TipRanks’ Stock Analysis page.
