Ninepoint Partners Secures $100M Credit Facility From BMO
On April 28, 2023, Ninepoint Partners, the manager of
Ninepoint-TEC Private Credit Fund II, secured a $100 million revolving credit
facility from BMO, with $50 million committed and an additional $50
million available through an accordion feature.
BMO acted as the sole arranger, sole bookrunner and agent for
the credit facility and conducted due diligence on the fund and its underlying
loans; the fund’s sub-advisor, Third Eye Capital Management; and the fund’s
manager, Ninepoint Partners.
Ninepoint will use this funding to support the credit fund’s
continued growth, new origination activity and liquidity requirements.
Aird & Berlis represented Ninepoint Partners with a team including Aaron Collins and Michelle Chen (Financial Services).
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