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PJT Partners (PJT) has provided an announcement.
PJT Partners Holdings LP secured a new $100 million revolving credit facility through a syndicated agreement involving major banks, including Bank of America and JPMorgan Chase, with interest pegged at the Secured Overnight Financing Rate plus 1.85%. The facility, which also incurs a 0.25% commitment fee on undrawn amounts, is set to mature on July 29, 2026. This arrangement replaces the firm’s previous $60 million credit facility with First Republic Bank, which is now part of JPMorgan Chase.
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