20/11/2024 | Press release | Distributed by Public on 20/11/2024 21:06
Item 1.01. |
Entry into a Material Definitive Agreement. |
On November 19, 2024, Investcorp Credit Management BDC, Inc. (the "Company"), through Investcorp Credit Management BDC SPV, LLC, a wholly-owned subsidiary of the Company ("Investcorp BDC SPV"), entered into a fifth amendment (the "Fifth Amendment") to that certain Loan, Security and Collateral Management Agreement, dated August 23, 2021, by and among Investcorp BDC SPV, as borrower, each of the lenders from time to time party thereto, Capital One, National Association, as administrative agent, hedge counterparty, swingline lender and arranger, Wells Fargo Bank, National Association, as collateral custodian, and CM Investment Partners, LLC, as collateral manager (the "Capital One Revolving Financing"). The Fifth Amendment provides for, among other things, a decrease of the applicable interest spreads under the Capital One Revolving Financing, amendments to the concentration limits and other fees, and certain other amendments.
The foregoing description of the Fifth Amendment as set forth in this Item 1.01 does not purport to be complete and is qualified in its entirety by reference to the full text of the Fifth Amendment attached hereto as Exhibit 10.1 and incorporated by reference herein.