Corp. (OTCMKTS:CCYPQ) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 – Entry into a Material Definitive Agreement.
On July 10, 2019, Goldman Sachs Middle Market Lending Corp. (the “Company”) entered into a second amendment (the “Amendment”) to its senior secured revolving credit agreement among the Company, as borrower, the lenders party thereto, and SunTrust Bank (“SunTrust”), as administrative agent (as amended, supplemented or otherwise modified and in effect from time to time, the “Revolving Credit Facility”) to, among other things, increase the accordion feature, which would allow the Company, under certain circumstances, to increase its total borrowing capacity to a maximum of $900 million.
On July 10, 2019, immediately after the effectiveness of the Amendment, the Company also entered into (i) an agreement with SMBC (the “SMBC Joinder Agreement”), to which SMBC agreed to provide a $75 million commitment through the accordion feature in the Revolving Credit Facility and (ii) an agreement with SunTrust, Bank of America, N.A. (“BAML”) and HSBC Bank USA, N.A. (“HSBC”) (the “Increase Agreement”), to which each of SunTrust, BAML and HSBC agreed to increase its commitment from $50 million to $75 million through the accordion feature in the Revolving Credit Facility.
The SMBC Joinder Agreement and the Increase Agreement collectively increased the aggregate commitments under the Revolving Credit Facility from $650 million to $800 million.
The foregoing descriptions are only a summary of the material provisions of the Amendment, SMBC Joinder Agreement and Increase Agreement and are qualified in their entirety by reference to copies of the Amendment, SMBC Joinder Agreement and Increase Agreement, which are filed as Exhibits 10.1, 10.2 and 10.3, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.
Item 2.03 – Creation of a Direct Financial Obligation or an Obligation under an Off-
Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 9.01 – Financial Statements and Exhibits.
(d) Exhibits:
| 10.3 | Increase Agreement, dated as of July 10, 2019, by SunTrust Bank, Bank of America, N.A. and HSBC Bank USA, N.A., each as an increasing lender, in favor of the Company, as Borrower, and SunTrust Bank, as Administrative Agent under the Revolving Credit Facility. |
Goldman Sachs Middle Market Lending Corp. Exhibit
EX-99.(10)(1) 2 d775825dex99101.htm SECOND AMENDMENT TO SENIOR SECURED REVOLVING CREDIT AGREEMENT SECOND AMENDMENT TO SENIOR SECURED REVOLVING CREDIT AGREEMENT Exhibit 10.1 EXECUTION COPY SECOND AMENDMENT TO SENIOR SECURED REVOLVING CREDIT AGREEMENT This SECOND AMENDMENT TO SENIOR SECURED REVOLVING CREDIT AGREEMENT,…
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