secwatch.observer — SEC 8-K summary
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Issuer:     New Mountain Guardian IV Income Fund, L.L.C. (—)
CIK:        0001976719
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001104659-23-078737
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Mountain Guardian IV BDC enters $15M revolving credit facility with BMO
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- Revolving credit line up to $15M, expandable to $125M at lender's discretion.
- Interest rate: greater of SOFR + 2.50% or prime rate minus 0.25% per annum.
- Facility secured by unfunded capital commitments; proceeds used to bridge capital calls.
- Loans due on demand with 15 business days notice, otherwise 6 months after advance.
- Covenants limit total indebtedness to 50% of remaining capital commitments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1976719/000110465923078737/0001104659-23-078737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1976719/000110465923078737/tm2320591d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-078737

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