secwatch / observer
8-K filed April 29, 2024, 7:59 PM ET CIK 0001868878
debt confidence high sentiment neutral materiality 0.10

GOLUB CAPITAL DIRECT LENDING CORP: debt financing — Golub Capital Direct Lending amends credit facility to switch CAD benchmark to CORRA

GOLUB CAPITAL DIRECT LENDING CORP

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 DIRECT LENDING CORP amended revolving credit with PNC Bank, National Association at replaces the applicable reference rate with respect to borrowings denominated in.

Instrument
revolving credit
Counterparty
PNC Bank, National Association
Rate
replaces the applicable reference rate with respect to borrowings denominated in
Event
amendment
Exact text from the filing
The PNC Facility Amendment, among other things, replaces the applicable reference rate with respect to borrowings denominated in Canadian Dollars to the Canadian Overnight Repo Rate Average (“CORRA”) and otherwise conforms the PNC Facility to accommodate CORRA as the reference rate for certain borrowings denominated in Canadian dollars.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GOLUB CAPITAL DIRECT LENDING CORP amended PNC Facility Amendment with PNC Bank, National Association, as administrative agent for the secured parties, the collateral agent, and a lender, PNC Capital Markets LLC, as structuring agent, and the lenders from time to time party thereto (as amended, the "PNC Facility") (effective 2024-04-23).

Action
amendment
Agreement
credit facility
Counterparty
PNC Bank, National Association, as administrative agent for the secured parties, the collateral agent, and a lender, PNC Capital Markets LLC, as structuring agent, and the lenders from time to time party thereto (as amended, the "PNC Facility")
Effective
2024-04-23
Exact text from the filing
On April 23, 2024, Golub Capital Direct Lending Corporation (“Company”), GDLC Funding LLC (“GDLC Funding”), a direct, wholly owned subsidiary of the Company, GDLC Feeder Fund, L.P. (“GDLC Feeder”) and Golub Onshore GP 3, LLC, a general partner of GDLC Feeder, entered into an amendment (together with certain other documents executed concurrently, the “PNC Facility Amendment”) with respect to the documents governing the revolving credit facility, initially entered into as of March 21, 2022, by and among the Company, GDLC Funding, PNC Bank, National Association, as administrative agent for the secured parties, the collateral agent, and a lender, PNC Capital Markets LLC, as structuring agent, and the lenders from time to time party thereto (as amended, the “PNC Facility”).
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Source: SEC EDGAR
accession 0001104659-24-053881
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