secwatch / observer
8-K filed April 25, 2023, 7:59 PM ET CIK 0001911321
debt confidence high sentiment neutral materiality 0.50

Kennedy Lewis Capital Co: debt financing — Kennedy Lewis Capital enters $300M secured credit facility with Goldman Sachs and State Street

Kennedy Lewis Capital Co

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

Kennedy Lewis Capital Co incurred credit facility of $300 million with Goldman Sachs Bank USA at Term SOFR plus a margin maturing five years after the Closing Date.

Instrument
credit facility
Principal
$300 million
Counterparty
Goldman Sachs Bank USA
Rate
Term SOFR plus a margin
Maturity
five years after the Closing Date
Event
incurrence
Exact text from the filing
assets contributed to or acquired by KLCC SPV GS1 through our ownership of KLCC SPV GS1. The maximum principal amount of the Secured Credit Facility as of the Closing Date is $300 million, which can be drawn in U.S. Dollars subject to certain conditions; the availability of this amount is subject to the borrowing base, which is determined on the basis of the value
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kennedy Lewis Capital Co entered into Sale and Contribution Agreement with KLCC SPV GS1 valued at No gain or loss recognized (effective 2023-04-20).

Action
entry
Counterparty
KLCC SPV GS1
Value
No gain or loss recognized
Effective
2023-04-20
Exact text from the filing
From time to time, the Company expects to sell and contribute certain investments to KLCC SPV GS1 pursuant to a Sale and Contribution Agreement, dated as of the Closing Date, by and between the Company and KLCC SPV GS1.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kennedy Lewis Capital Co entered into Non-Recourse Carveout Guaranty Agreement with State Street Bank and Trust Company valued at Guarantees certain losses, damages, costs, expenses, liabilities, claims and other obligations incur (effective 2023-04-20).

Action
entry
Agreement
credit facility
Counterparty
State Street Bank and Trust Company
Value
Guarantees certain losses, damages, costs, expenses, liabilities, claims and other obligations incur
Effective
2023-04-20
Exact text from the filing
In connection with the Secured Credit Facility, the Company entered into a Non-Recourse Carveout Guaranty Agreement with State Street Bank and Trust Company, on behalf of certain secured parties, and Goldman Sachs Bank USA.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kennedy Lewis Capital Co entered into Secured Credit Facility with Goldman Sachs Bank USA valued at $300,000,000 maximum principal amount (effective 2023-04-20).

Action
entry
Agreement
credit facility
Counterparty
Goldman Sachs Bank USA
Value
$300,000,000 maximum principal amount
Effective
2023-04-20
Exact text from the filing
On April 20, 2023 (the “ Closing Date ”), KLCC SPV GS1 LLC (“ KLCC SPV GS1 ”), a Delaware limited liability company and newly formed subsidiary of Kennedy Lewis Capital Company, a Delaware statutory trust (the “ Company , ” “ our ” or “ us ”), entered into a Credit Agreement (the “ Secured Credit Facility ”), with KLCC SPV GS1, as borrower, the lenders from time to time parties thereto, Goldman Sachs Bank USA, as syndication agent and administrative agent, State Street Bank and Trust Company, as collateral agent, collateral custodian and collateral administrator.
View on SEC.gov

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Source: SEC EDGAR
accession 0001140361-23-020209
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