Chicago Atlantic BDC closes $100M credit facility; appoints new CFO

Chicago Atlantic BDC, Inc.

Entered $100M senior secured revolving credit facility at SOFR+3.00%, maturing March 31, 2028.
Facility provides liquidity to fund portfolio growth; no current debt outstanding.
CFO Umesh Mahajan resigned to focus on Co-CIO role; Martin Rodgers appointed CFO effective Feb 14, 2025.
Expense Limitation Agreement clarified to exclude credit facility interest costs from the 2.15% expense cap.

item 1.01 item 2.03 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Martin Rodgers

Chief Financial Officer

LIEN · Chicago Atlantic BDC, Inc.

Effective: 2025-02-14
Filed: February 18, 2025, 6:59 PM ET

On February 14, 2025, the Board appointed Martin Rodgers to the position of Chief Financial Officer of the Company.

Departed

Umesh Mahajan

Chief Financial Officer

LIEN · Chicago Atlantic BDC, Inc.

Effective: 2025-02-14
Successor: Martin Rodgers
Filed: February 18, 2025, 6:59 PM ET

On February 14, 2025, Mr. Umesh Mahajan, Co-Chief Investment Officer, Chief Financial Officer and Secretary of the Company, resigned from his position as Chief Financial Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Martin Rodgers was appointed as Chief Financial Officer at Chicago Atlantic BDC, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On February 14, 2025, the Board appointed Martin Rodgers to the position of Chief Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Umesh Mahajan resigned as Chief Financial Officer at Chicago Atlantic BDC, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On February 14, 2025, Mr. Umesh Mahajan, Co-Chief Investment Officer, Chief Financial Officer and Secretary of the Company, resigned from his position as Chief Financial Officer of the Company.

View on SEC.gov

Chicago Atlantic BDC, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-25-002119

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