---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-002119"
form_type: "8-K"
ticker: "LIEN"
cik: "0001843162"
company_name: "Chicago Atlantic BDC, Inc."
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T17:24:41.125497+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950103-25-002119
- form_type: 8-K
- ticker: LIEN
- cik: 0001843162
- company_name: Chicago Atlantic BDC, Inc.
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843162/000095010325002119/0000950103-25-002119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843162/000095010325002119/dp225007_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-002119
- JSON: https://secwatch.observer/filing/0000950103-25-002119.json
- Plain text: https://secwatch.observer/filing/0000950103-25-002119.txt

## Key facts
- Executive change
  Martin Rodgers was appointed as Chief Financial Officer at Chicago Atlantic BDC, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On February 14, 2025, the Board appointed Martin Rodgers to the position of Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843162/000095010325002119/0000950103-25-002119-index.htm
- Executive change
  Umesh Mahajan resigned as Chief Financial Officer at Chicago Atlantic BDC, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843162/000095010325002119/0000950103-25-002119-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.