{"id":385722,"date":"2020-11-19T17:33:20","date_gmt":"2020-11-19T22:33:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385722"},"modified":"2020-11-19T17:33:20","modified_gmt":"2020-11-19T22:33:20","slug":"bny-mellon-alcentra-global-credit-income-2024-target-term-fund-inc-announces-change-in-leverage-providers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bny-mellon-alcentra-global-credit-income-2024-target-term-fund-inc-announces-change-in-leverage-providers\/","title":{"rendered":"BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Change in Leverage Providers"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Change in Leverage Providers<\/b><\/p>\n<p style=\"font-weight:normal\">NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) (the \u201cFund\u201d) today announced entry into a new $68 million credit facility with Soci\u00e9t\u00e9 G\u00e9n\u00e9rale. The new credit facility agreement replaces the credit facility agreement with the Fund&#8217;s previous credit facility provider.\n<\/p>\n<p>\nThe initial term of the new credit facility agreement is through November 18, 2022. The credit facility is secured by the Fund\u2019s investments. Borrowings under the new credit facility are at an interest rate of L+ 160 basis points (with a zero basis point floor). Additional information about the Fund and its use of leverage can be found in the Fund&#8217;s annual and semi-annual shareholder reports, which are available on the Fund&#8217;s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FuN3lCG6Q8jHkkPqps7L97D%3Fdomain%3Dclicktime.symantec.com&amp;esheet=52332916&amp;newsitemid=20201119006332&amp;lan=en-US&amp;anchor=https%3A%2F%2Fim.bnymellon.com%2Fus%2Fen%2Fproducts%2Fclosed-end-funds.jsp&amp;index=1&amp;md5=eedd8eb38f9c9680bb45203b43de3ae3\">https:\/\/im.bnymellon.com\/us\/en\/products\/closed-end-funds.jsp<\/a>. Information about the new credit facility agreement will be available in the Fund&#8217;s next semi-annual shareholder report.\n<\/p>\n<p><b>Forward Looking Statements<\/b><\/p>\n<p>\nThis press release may contain forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including, but not limited to, market developments, legal and regulatory developments and other additional risks and uncertainties. The Fund, its investment adviser and its sub-investment adviser undertake no responsibility to update or revise any forward-looking statements.\n<\/p>\n<p><b>Important Information<\/b><\/p>\n<p>\nBNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management. BNY Mellon Investment Management is one of the world\u2019s leading investment management organizations and one of the top U.S. wealth managers, with US $2.0 trillion in assets under management as of September 30, 2020. BNY Mellon Investment Management encompasses BNY Mellon\u2019s affiliated investment management firms, wealth management organization and global distribution companies. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from eight world-class investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of The Bank of New York Mellon Corporation (NYSE: BK), one of the world\u2019s most trusted investment partners, which has US $38.6 trillion in assets under custody and\/or administration as of September 30, 2020.\n<\/p>\n<p>\nBNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. Additional information on BNY Mellon Investment Management is available on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.im.bnymellon.com&amp;esheet=52332916&amp;newsitemid=20201119006332&amp;lan=en-US&amp;anchor=www.im.bnymellon.com&amp;index=2&amp;md5=b1f92e10b037f268416b48cc1efe1f21\">www.im.bnymellon.com<\/a>. BNY Mellon Investment Management\u2019s website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate the website in this release.\n<\/p>\n<p>\nClosed-end funds are traded on the secondary market through one of the stock exchanges. The Fund\u2019s investment returns and principal value will fluctuate so that an investor\u2019s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund\u2019s portfolio. There is no assurance that the Fund will achieve its investment objective.\n<\/p>\n<p>\nThis release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201119006332r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201119006332\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201119006332\/en\/<\/a><\/span><\/p>\n<p>\nFor Press Inquiries:<br \/>\n<br \/>BNY Mellon Investment Adviser, Inc.<br \/>\n<br \/>Benjamin Tanner<br \/>\n<br \/>212-635-8676<\/p>\n<p>For Other Inquiries:<br \/>\n<br \/>BNY Mellon Securities Corporation<br \/>\n<br \/>The National Marketing Desk<br \/>\n<br \/>240 Greenwich Street<br \/>\n<br \/>New York, New York 10286<br \/>\n<br \/>1-800-334-6899\n<\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201119006332\/en\/793493\/3\/logo_.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Change in Leverage Providers NEW YORK&#8211;(BUSINESS WIRE)&#8211; BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) (the \u201cFund\u201d) today announced entry into a new $68 million credit facility with Soci\u00e9t\u00e9 G\u00e9n\u00e9rale. The new credit facility agreement replaces the credit facility agreement with the Fund&#8217;s previous credit facility provider. The initial term of the new credit facility agreement is through November 18, 2022. The credit facility is secured by the Fund\u2019s investments. Borrowings under the new credit facility are at an interest rate of L+ 160 basis points (with a zero basis point floor). Additional information about the Fund and its use of leverage can &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bny-mellon-alcentra-global-credit-income-2024-target-term-fund-inc-announces-change-in-leverage-providers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Change in Leverage Providers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385722","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Change in Leverage Providers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bny-mellon-alcentra-global-credit-income-2024-target-term-fund-inc-announces-change-in-leverage-providers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Change in Leverage Providers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Announces Change in Leverage Providers NEW YORK&#8211;(BUSINESS WIRE)&#8211; BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) (the \u201cFund\u201d) today announced entry into a new $68 million credit facility with Soci\u00e9t\u00e9 G\u00e9n\u00e9rale. The new credit facility agreement replaces the credit facility agreement with the Fund&#8217;s previous credit facility provider. The initial term of the new credit facility agreement is through November 18, 2022. The credit facility is secured by the Fund\u2019s investments. Borrowings under the new credit facility are at an interest rate of L+ 160 basis points (with a zero basis point floor). Additional information about the Fund and its use of leverage can &hellip; Continue reading &quot;BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. 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