GOLDMAN SACHS MLP INCOME OPPORTUNITIES FUND Goldman Sachs MLP Income Opportunities Fund announced that it has entered into a new evergreen fixed/floating rate margin loan facility with The Bank of Nova Scotia, acting through its Houston branch, as lender. Under the current terms of the Margin Loan Facility, the Fund will be permitted to borrow up to $310 million. The Fund will pay either a floating or fixed rate on its outstanding borrowings.
For floating rate borrowings, Scotiabank will charge the Fund the 3-month London Interbank Offered Rate (LIBOR) plus a mutually agreed-upon spread. For fixed rate borrowings, Scotiabank will charge the Fund the cost of Scotiabank's interest rate hedge, which is used to minimize interest rate risk, plus a mutually agreed-upon spread.
