11/25/2024 | Press release | Distributed by Public on 11/25/2024 15:27
Item 3.02 |
Unregistered Sales of Equity Securities. |
On October 17, 2024, pursuant to a capital drawdown notice delivered to its investors, AMG Comvest Senior Lending Fund (the "Fund") issued and sold 1,987,281 shares of the Fund's common shares of beneficial interest, par value $0.001 per share (the "Shares") (with the final number of Shares issued being determined on November 21, 2024), for an aggregate offering price of $50,000,000.
The sale of the Shares was made pursuant to subscription agreements entered into by the Fund with its investors. Under the terms of the subscription agreements, each investor is required to fund drawdowns to purchase Shares up to the amount of their respective capital commitments each time the Fund delivers a drawdown notice with a minimum of 10 business days' prior notice to the date on which payment will be due.
Each of the sales of Shares is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Fund relied, in part, upon representations from investors in the relevant subscription agreements that each investor is an "accredited investor," as defined in Regulation D under the Securities Act.