Lafayette Square USA enters note purchase deal for USD 80 million senior notes private placement
Bitget2026/09/30 20:33- Lafayette Square USA entered a note purchase agreement for a private placement of USD 80 million of senior notes.
- Issuance split between USD 2 million of 7.82% Series A Senior Notes due Sept. 29, 2029, USD 78 million of 8.25% Series B due Sept. 29, 2031.
- Notes are general unsecured obligations, guaranteed on a senior unsecured basis by subsidiary LS BDC Holdings.
- Interest is payable semiannually; rates can step up by as much as 2.00% if ratings fall below investment grade.
- Proceeds earmarked for general corporate purposes; change in control triggers a 100% principal repayment offer.
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