Golub Capital Private Credit Fund: debt financing — Golub Capital Private Credit Fund enters $490M senior secured revolver with SMBC, up to $1.5B

Golub Capital Private Credit Fund

Initial commitment of $490M; option to request up to $1.5B of additional commitments at lenders' election.
Facility terminates on September 6, 2027; borrowings subject to borrowing base test and 150% asset coverage ratio.
Interest rate: ABR plus 1.0-1.125% or Term SOFR plus 2.0-2.125%, depending on Gross Borrowing Base ratio.
Commitment fee of 0.375% per annum on unused portion; letters of credit subfacility up to $50M.
Credit facility is secured by substantially all assets; customary events of default and covenants.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Golub Capital Private Credit Fund incurred credit facility of up to $490 million with Sumitomo Mitsui Banking Corporation at applicable margin equal to (I) (a) if the Gross Borrowing Base is less than 1.60 maturing September 6, 2027.

Instrument: credit facility
Principal: up to $490 million
Counterparty: Sumitomo Mitsui Banking Corporation
Rate: applicable margin equal to (I) (a) if the Gross Borrowing Base is less than 1.60
Maturity: September 6, 2027
Event: incurrence

Exact text from the filing

issuing banks from time to time party thereto. Under the SMBC Credit Facility, the lenders have agreed to extend credit to the Company in an initial aggregate amount of up to $490 million in U.S. dollars and certain agreed upon foreign currencies with an option for the Company to request, at one or more times, that existing and/or new lenders, at their election,

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Golub Capital Private Credit Fund entered into SMBC Credit Facility with Sumitomo Mitsui Banking Corporation valued at $490 million (effective 2023-09-06).

Action: entry
Agreement: credit facility
Counterparty: Sumitomo Mitsui Banking Corporation
Value: $490 million
Effective: 2023-09-06

Exact text from the filing

entered into a senior secured revolving credit facility (the “SMBC Credit Facility”) with the Company, as borrower, Sumitomo Mitsui Banking Corporation (“SMBC”), as administrative agent and as collateral agent, and the lenders and issuing banks from time to time party thereto. Under the SMBC Credit Facility, the lenders have agreed to extend credit to the Company in an initial aggregate amount of up to $490 million

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001104659-23-100017

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.