Hancock Park Corporate Income Inc.
11/29/2024 | Press release | Distributed by Public on 11/29/2024 08:40
Business/Financial Results Form 8 K
Item 1.02. Termination of a Material Definitive Agreement.
Second Amended and Restated Expense Support and Conditional Reimbursement Agreement
On November 26, 2024, Hancock Park Corporate Income, Inc., a Maryland corporation (the "Company") and OFS Capital Management, LLC, a Delaware limited liability company and the investment adviser of the Company ("OFS Adviser") entered into an agreement (the "Termination Agreement") to terminate the Second Amended and Restated Expense Support and Conditional Reimbursement Agreement dated as of February 2, 2022 (the "Second A&R ESA") between the Company and OFS Adviser, whereby the Adviser made Expense Support Payments (as defined in the Second A&R ESA), and the Company made Reimbursement Payments (as defined in the Second A&R ESA). Pursuant to the terms of the Second A&R ESA, either party may terminate its participation in the Second A&R at any time, with or without notice. Pursuant to the Termination Agreement, the Company and OFS Adviser agreed to terminate the Second A&R ESA, as of January 1, 2025.
On November 26, 2024, a majority of the directors who are independent directors of the Company and who are not "interested persons" of the Company, as that term is defined in the Investment Company Act of 1940, as amended, approved the Termination Agreement in a vote in which only such directors participated. The foregoing description of the Termination Agreement is subject to and qualified in its entirety by reference to the full text of the Termination Agreement, a copy of which is filed as Exhibit 10.1, and the terms of which are incorporated herein by reference.