HarbourVest Global Private Equity Ltd. announced the successful renewal of its existing $500 million multi-currency credit facility ("the Facility") with Lloyds Bank plc and Credit Suisse AG. Lloyds Bank plc has maintained its $300 million commitment, with Credit Suisse AG continuing to commit $200 million. The Facility, which retains similar covenants, has been extended to December 2020. Lloyds Bank plc will act as agent. The commitment fee on the undrawn Facility has increased from 90 basis points to 115 basis points. The LIBOR margin applicable to the Facility is 300 basis points for borrowings of less than $250 million; a further 30 basis points will be payable on the total sum drawn if borrowings exceed $250 million. This compares with a LIBOR margin of 265 basis points on the previous terms, which increased at two additional thresholds to 315 basis points and 350 basis points on borrowings greater than $150 million and $300 million respectively.