North Haven Private Income Fund LLC: M&A transaction — PIF completes SLIC acquisition for $561.7M, expands credit facilities to $2.5B total capacity

North Haven Private Income Fund LLC

Paid $20.59/share, aggregate $561.7M in cash to former SLIC stockholders using borrowings and available cash.
Acquired SLIC portfolio valued at ~$1.22B par (98.4% first lien debt, 148 companies across 29 industries).
Increased CBNA facility from $235M to $375M; Wells facility up to $900M; JPM facility from $900M to $1.2B.
Extended reinvestment periods to July 2027 and maturity dates to July 2029 for all three credit facilities.
Assumed $558.1M outstanding debt under SLIC's JPM facility; interest margin reduced to 2.25% across facilities.

item 1.01 item 2.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

North Haven Private Income Fund LLC completed an acquisition involving SL Investment Corp. for $20.59 per share (closed 2024-07-15).

Action: acquisition
Counterparty: SL Investment Corp.
Consideration: $20.59 per share
Closing: 2024-07-15

Exact text from the filing

each outstanding share of SLIC’s common stock, other than shares of SLIC’s common stock held by the Company, was converted into the right to receive an amount in cash equal to $20.59 per share, and SLIC was then merged with and into the Company for no consideration. In connection with the closing of the Merger, the Company will pay an aggregate of $561.7

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001104659-24-079857

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.