11/05/2024 | Press release | Distributed by Public on 11/05/2024 10:37
Item 1.01. |
Entry into a Material Definitive Agreement |
On October 30, 2024, BCPC I, LLC (the "Borrower") entered into a New Commitment Request (the "New Commitment Request") among the Borrower, and Goldman Sachs Bank USA, as administrative agent and lender, pursuant to that certain Credit Agreement, dated as of November 29, 2023 (as amended, supplemented or otherwise modified, the "Revolving Credit Facility"), among the Borrower, as borrower, Bain Capital Private Credit (the "Fund"), as equity holder, the lenders from time to time party thereto, Goldman Sachs Bank USA, as administrative agent and syndication agent, and Computershare Trust Company, N.A., as collateral administrator, collateral agent and collateral custodian.
The New Commitment Request provides for an increase in the aggregate commitments of the lenders under the Revolving Credit Facility from $175,000,000 to $200,000,000 through the accordion feature in the Revolving Credit Facility. The accordion feature in the Revolving Credit Facility allows the Fund, under certain circumstances, to increase the total size of the facility to a maximum of $250,000,000.
The description above is only a summary of the material provisions of the New Commitment Request and is qualified in its entirety by reference to a copy of the New Commitment Request, which is filed as Exhibit 10.1 to this Current Report on Form 8-Kand incorporated by reference herein.