secwatch.observer — SEC 8-K summary
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Issuer:     Chicago Atlantic BDC, Inc. (LIEN)
CIK:        0001843162
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0000950103-25-002119
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843162/000095010325002119/0000950103-25-002119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843162/000095010325002119/dp225007_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-002119

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer