TCW Direct Lending LLC
10/03/2024 | Press release | Distributed by Public on 10/03/2024 09:42
Proxy Results Form 8 K
Item 5.07 Submission of Matters to a Vote of Security Holders.
On September 27, 2024, TCW Direct Lending LLC (the "Company") completed its solicitation of consents to approve a proposal to increase the maximum aggregate of permissible follow-on investments (the "Consent Solicitation"). Pursuant to the Consent Solicitation, the following matters were submitted to the vote of the members, with the results of voting on each such matter set forth below.
1.
The Company's members approved (by affirmative vote of 52.80% of outstanding Common Units) a proposal to amend and restate Section 6.14(b) of the Company's Second Amended and Restated Limited Liability Company Agreement permitting follow-on investments as follows:
(b) Follow-on investments in existing Portfolio Companies up to an aggregate amount not to exceed $226.3 million (i.e., 11.2417% of the original Commitments of all Common Unitholders as of the Final Closing Date); provided, however, that any such follow-on investment to be made after the third anniversary of the expiration of the Commitment Period shall require the prior consent of a majority in interest of the Common Unitholders.
The voting results were as follows:
|
Votes For |
Votes Against |
Votes Abstaining |
|
9,523,082.40 |
216,748.65 |
0 |