secwatch / observer
8-K filed May 4, 2023, 7:59 PM ET CIK 0001766037
debt confidence high sentiment neutral materiality 0.50

NMF SLF I, Inc.: debt financing — NMF SLF I amends credit facility to replace LIBOR with SOFR, sets new interest rates

NMF SLF I, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NMF SLF I, Inc. amended credit facility of Not specified in the filing with Wells Fargo Bank, National Association at SOFR plus 1.70% per annum for Broadly Syndicated Loans and SOFR plus 2.20% per a maturing Not specified in the filing.

Instrument
credit facility
Principal
Not specified in the filing
Counterparty
Wells Fargo Bank, National Association
Rate
SOFR plus 1.70% per annum for Broadly Syndicated Loans and SOFR plus 2.20% per a
Maturity
Not specified in the filing
Event
amendment
Exact text from the filing
The Second Amendment replaces the London Interbank Offered Rate (“ LIBOR ”) as the term benchmark rate with the Secured Overnight Financing Rate (“ SOFR ”). Pursuant to the Second Amendment, the Wells Credit Facility will now bear interest at a rate of SOFR plus 1.70% per annum for Broadly Syndicated Loans (as defined in the Loan and Security Agreement) and SOFR plus 2.20% per annum for all other investments.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NMF SLF I, Inc. amended Second Amendment to the Loan and Security Agreement with Wells Fargo Bank, National Association (effective 2023-04-28).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association
Effective
2023-04-28
Exact text from the filing
On April 28, 2023, NMF SLF I, Inc. (the “ Company ”) entered into the Second Amendment to the Loan and Security Agreement (the “ Second Amendment ”), which amended the Loan and Security Agreement (as amended from time to time, the “ Wells Credit Facility ”) dated as of December 23, 2020, as previously amended by the First Amendment thereto, dated as of June 29, 2021 (the “ Loan and Security Agreement ”), by and among the Company, as equity holder and seller, NMF SLF I SPV, L.L.C., as the borrower, New Mountain Finance Advisers BDC, L.L.C., as the collateral manager, Wells Fargo Bank, National Association (“ Wells Fargo Bank ”), as the administrative agent, the lenders party thereto, and Wells Fargo Bank, as collateral custodian (the “ Collateral Custodian ”).
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Source: SEC EDGAR
accession 0001104659-23-056078
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