HVPE extends Lloyds credit line, cuts back on size
HarbourVest Global Private Equity (HVPE) has extended its credit facility with Lloyds Banking Group, pushing the final maturity of the line out so that it is now set to expire in April 2018.
The multicurrency line will be kept as a $500m facility until its original maturity date of December 2014, but will then be reduced to $300m.
The pricing will increase from 210bp over Libor in 2013 to 290bp over in 2015 and beyond if less than $100m of the
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