ArrowMark Financial Corp. announced on May 27, 2022, entered into an Amended and Restated Credit Agreement with Texas Capital Bank (the “Administrative Agent”), as administrative agent, and the lenders thereto, amending the terms of the Company's existing Credit Agreement dated June 9, 2014 (as the same was amended from time to time, the “Existing Agreement”). The Agreement modifies the Existing Agreement by, among other things, increasing the maximum available revolving credit amount to $70,000,000 from $62,000,000, providing for an interest rate based on the Secured Overnight Financing Rate, and extending the facility's maturity until May 27, 2025 (which may be extended until May 27, 2026 at the option of the Company).

At closing, two additional lenders joined the lending group. The Company intends to use the borrowing proceeds in furtherance of its investment objective by investing in banking related investments and other securities, and to support its working capital needs.