Palmer Square Capital BDC completed a $300 million refinancing of Palmer Square BDC CLO 1, issuing AAA and AA tranches that mature in 2039. The reset includes $228 million of Class A-R Notes at Term SOFR + 1.28% and $72 million of Class B-R Notes at Term SOFR + 1.75%. The company continues to retain the subordinated notes and has waived collateral management fees while serving as collateral manager. BofA Securities purchased the Secured Notes under a refinancing note purchase agreement, supporting distribution of the reset tranches.
Agreement 1: Palmer Square Capital BDC Refinances $300 Million CLO; Issues AAA/AA Notes Due 2039
- Agreement type: Supplemental Indenture amending CLO indenture for $300 million refinancing
- Counterparty: U.S. Bank Trust Company
- Signed / Effective: Jul 15 2026 / Jul 15 2026
- Duration / Termination: Through Jul 15 2039
- Reason: Provide long-term, lower-cost balance sheet financing
Agreement 2: Palmer Square Capital BDC Sells Refinancing Notes to BofA Securities Under Purchase Agreement
- Agreement type: Refinancing Note Purchase Agreement for Secured Notes
- Counterparty: BofA Securities
- Signed / Effective: Jul 15 2026 / Jul 15 2026
- Reason: Facilitate sale of Secured Notes in CLO reset
Original SEC Filing:
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