11/06/2024 | Press release | Distributed by Public on 11/06/2024 10:23
Item 1.01 Entry into a Material Definitive Agreement.
On November 1, 2024, Redwood Enhanced Income Corp. (the "Company") entered into the Fifth Amendment ("Fifth Amendment") to that certain Senior Secured Revolving Credit Agreement, dated as of April 6, 2022, by and among the Company, the lenders party thereto and ING Capital LLC, as Administrative Agent (as amended by the Incremental Commitment and Assumption Agreement and First Amendment to Senior Secured Revolving Credit Agreement, dated as of May 13, 2022, the Second Amendment to Senior Secured Revolving Credit Agreement and First Amendment to Guarantee, Pledge and Security Agreement, dated as of June 15, 2022, the Incremental Commitment and Assumption Agreement, dated as of August 26, 2022, the Third Amendment to Senior Secured Revolving Credit Agreement, dated as of November 22, 2023, the Incremental Commitment Agreement, dated as of January 17, 2024, the Fourth Amendment to Senior Secured Revolving Credit Agreement, dated as of July 2, 2024 and the Fifth Amendment, the "Credit Agreement"). Among other things, the Fifth Amendment extends the (i) revolver availability period from April 6, 2025 to April 6, 2026 and (ii) scheduled maturity date from April 6, 2026 to April 6, 2027.
The foregoing description of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Fifth Amendment, which is filed as Exhibit 10.1 and incorporated by reference herein.