Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BlackRock Private Credit Fund incurred revolving credit of initial amount of up to $75,000,000 with Sumitomo Mitsui Banking Corporation, as Administrative Agent at term SOFR plus a credit spread adjustment plus margin of 2.00% or 1.875% per ann maturing April 19, 2029.
- Instrument
- revolving credit
- Principal
- initial amount of up to $75,000,000
- Counterparty
- Sumitomo Mitsui Banking Corporation, as Administrative Agent
- Rate
- term SOFR plus a credit spread adjustment plus margin of 2.00% or 1.875% per ann
- Maturity
- April 19, 2029
- Event
- incurrence
Exact text from the filing
used for general corporate purposes, including the funding of portfolio investments. The Credit Facility provides for a revolving credit facility in an initial amount of up to $75,000,000, subject to availability under the borrowing base, which is based on the Company’s portfolio investments and other outstanding indebtedness. Maximum capacity under the Credit
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BlackRock Private Credit Fund entered into Senior Secured Credit Agreement with Sumitomo Mitsui Banking Corporation, as Administrative Agent, and the lenders and issuing banks from time to time parties thereto valued at $75,000,000 (effective 2024-04-19).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Sumitomo Mitsui Banking Corporation, as Administrative Agent, and the lenders and issuing banks from time to time parties thereto
- Value
- $75,000,000
- Effective
- 2024-04-19
Exact text from the filing
On April 19, 2024, Blackrock Private Credit Fund (the “Company”), a Delaware statutory trust, entered into a Senior Secured Credit Agreement (the “Credit Facility”). The parties to the Credit Facility include the Company, as Borrower, the lenders and issuing banks from time to time parties thereto (each a “Lender” and collectively, the “Lenders”) and Sumitomo Mitsui Banking Corporation, as Administrative Agent.
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