Spotlight Capital Holdings Inc. announced that it has reached an agreement to utilise a major US finance group's existing credit facility at a top-5 US bank and is now authorised to access up to USD 150 million in capital, under the finance group's credit facility. Further, the company mentioned it can use the credit facility provided it delivers investment-grade collateral to the finance group's bank to secure their draw-downs and it said that this will be provided under another agreement it has reached with a New York-based private equity firm.
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- Spotlight Capital Signs Agreement for Structured Credit Facility of Up to USD 150 Million