SENIOR SECURED CREDIT AGREEMENT dated as of June 15, 2020 (this Agreement), among BLACKSTONE / GSO SECURED LENDING FUND, the LENDERS party hereto, and CITIBANK, N.A., as Administrative Agent.
The Borrower has requested that the Lenders provide the credit facilities described herein under this Agreement on the terms specified herein to, inter alia, extend credit to the Borrower in an initial aggregate principal or face amount not exceeding $550,000,000 at any one time outstanding. The Lenders are prepared to extend credit on the terms and conditions hereof, and, accordingly, the parties hereto agree as follows:
SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below:
ABR, when used in reference to any Loan or Borrowing, refers to whether such Loan is, or the Loans constituting such Borrowing are, denominated in Dollars and bearing interest at a rate determined by reference to the Alternate Base Rate.
Additional Debt Amount means, as of any date, the greater of (a) $50,000,000 and (b) an amount equal to 5% of Shareholders Equity.
Adjusted LIBO Rate means with respect to any Eurocurrency Borrowing denominated in Dollars for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to the product of (a) the LIBO Rate for Dollars for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided, that, if the Adjusted LIBO Rate shall be less than zero (0.00%), such rate shall be deemed to be zero (0.00%) for purposes of this Agreement.
Administrative Agent means Citibank, N.A., in its capacity as administrative agent for the Lenders hereunder.
Administrative Agents Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.
Administrative Questionnaire means an Administrative Questionnaire in a form supplied by the Administrative Agent.
Advance Rate has the meaning assigned to such term in Section 5.13.
Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.
Affiliate means, with respect to a specified Person, another Person that directly, or indirectly through one (1) or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. Anything herein to the contrary notwithstanding, the term Affiliate shall not include any Person that constitutes an Investment held by any Obligor or any Designated Subsidiary in the ordinary course of business.