Audax Credit BDC enters $37M capital commitment agreement with controlling shareholder

Audax Credit BDC Inc.

Subscription agreement with Mercer Audax Credit Feeder Fund LP for $37M capital commitment.
Common stock may be issued at NAV per share in one or more drawdowns.
Mercer Audax Credit Feeder Fund LP is the Company’s controlling shareholder.
Agreement effective March 25, 2024; no other use-of-proceeds or timeline disclosed.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Audax Credit BDC Inc. entered into Subscription Agreement with Mercer Audax Credit Feeder Fund LP valued at $37.0 million (effective 2024-03-25).

Action: entry
Agreement: equity purchase
Counterparty: Mercer Audax Credit Feeder Fund LP
Value: $37.0 million
Effective: 2024-03-25

Exact text from the filing

Effective March 25, 2024, Audax Credit BDC Inc. (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) with Mercer Audax Credit Feeder Fund LP, the Company’s controlling shareholder (the “Investor”), pursuant to which the Investor has made a capital commitment in respect of the Company’s common stock, par value $0.001 per share (the “Common Stock”), in an amount equal to $37.0 million.

View on SEC.gov

415 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001104659-24-041118

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.