On March 11, 2026, Andalusian, through a special purpose wholly owned subsidiary, ACC Financing SPV I, as borrower, entered into a $200 million revolving credit facility with Goldman Sachs Bank USA as syndication agent and as calculation agent, the company as collateral manager, GS ASL as administrative agent, Computershare as collateral agent, as collateral custodian and as collateral administrator, and the various financial institutions as lenders party. The GS credit facility matures on March 10, 2031, and includes an accordion provision to increase the total facility amount, subject to certain customary conditions. Interest rates under the GS credit facility are determined by the appropriate benchmark rate (SOFR, base rate) as applicable for the type of borrowing plus an applicable margin of 2.15% per annum for SOFR.
The company has made certain representations and warranties and must comply with various covenants and reporting requirements customary for facilities of this type. The GS credit facility contains events of default customary for facilities of this type. Upon the occurrence of an event of default, the administrative agent, at the request of the requisite lenders, may terminate the commitments and declare the loans and all other obligations under the GS credit facility immediately due and payable.
