The Credit Facility Repricing

[LenderName] repricing in [Month]

[FirstName],

Saw [Company]'s [FacilitySize] credit facility with [LenderName] is up for renewal in [ExpirationMonth] based on [SourceOfInfo].

Current market rates for [CompanySize] [Industry] companies are [CurrentRate]bps over SOFR—that's [BasisPointDifference]bps better than what you're probably paying now. On [FacilitySize], that's [AnnualSavings]/year you're leaving on the table.

Plus, [LenderName] has tightened covenants across their [Industry] portfolio after [RecentMarketEvent]. Your [SpecificCovenant] covenant is probably more restrictive than it needs to be given [Company]'s [PositiveMetric].

[ClientCompanyExample] refinanced their [SimilarFacilitySize] facility from [OldLender] last quarter. We helped them secure [ImprovedRate], loosened [SpecificCovenant], and added [BeneficialTerm]. Saved them [AnnualAmount] annually plus gave them flexibility for [StrategicInitiative].

Worth exploring before [LenderName] sends their renewal terms?