Debenture Prepayment Schedule
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Pooled SBIC Debentures have a 10 year term. SBICs have the option of prepaying pooled Debentures prior to maturity on any Payment Date after pooling. Prepaid principal is distributed pro-rata to the investors in each pool. A default by an SBIC may result in an acceleration the SBIC’s Debentures, at which time SBA purchases the Debentures out of the pools. Acceleration payments are distributed pro-rata to the investors in each pool. The Debenture Prepayment Schedule provides statistical information on Debenture Pools and cumulative Optional Prepayment and Acceleration Payment activity for each pool.
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- Effective: | File size: 29KB | Download .xlsx for / September 1, 2023