JZ Capital Partners Limited announced that it has entered into an agreement with WhiteHorse Capital Management, LLC providing for a new five year term senior secured loan facility. The new facility made available pursuant to the New Senior Facility Agreement replaces the Company's existing senior facility with clients and funds advised and sub-advised by Cohanzick Management, LLC and CrossingBridge Advisors, LLC. The New Senior Facility consists of a USD 45.0 million first lien term loan, fully funded as of the closing date (being 26 January 2022), and up to USD 25.0 million in first lien delayed draw term loans, which remains undrawn as of the closing date.

The Company can draw down the DDT Loans from time to time in its discretion in the 24 month period following the closing date. Customary fees and expenses were payable upon the drawing of the Closing Date Term Loan.