---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-25-002749"
form_type: "8-K"
ticker: "XFLT"
cik: "0001703079"
company_name: "XAI Octagon Floating Rate & Alternative Income Trust"
filed_at: "2025-03-26T23:59:59+00:00"
generated_at: "2026-05-24T05:01:07.491885+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# XFLT enters new $300M credit facility with BNP Paribas, replacing Société Générale facility

## Summary
- New $300M senior secured revolving credit facility with BNP Paribas; matures March 19, 2027; SOFR + 1.48% margin; commitment fee 0.55% on unused when draw below 75%.
- $237 million borrowed at closing to fully repay and terminate existing Société Générale credit facility.
- Post-closing leverage (borrowings plus preferred shares) equals 39.73% of Managed Assets.
- Customary affirmative and negative covenants apply, including limitations on indebtedness, liens, mergers, dividends, and investments.

## SEC filing metadata
- accession: 0001013762-25-002749
- form_type: 8-K
- ticker: XFLT
- cik: 0001703079
- company_name: XAI Octagon Floating Rate & Alternative Income Trust
- filed_at: 2025-03-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703079/000101376225002749/0001013762-25-002749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703079/000101376225002749/ea0235689-01_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-25-002749
- JSON: https://secwatch.observer/filing/0001013762-25-002749.json
- Plain text: https://secwatch.observer/filing/0001013762-25-002749.txt

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