secwatch.observer — SEC 8-K summary
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Issuer:     Investcorp Credit Management BDC, Inc. (ICMB)
CIK:        0001578348
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001193125-22-290577
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ICMB amends credit facility: replaces LIBOR with SOFR, adds Webster Bank as lender
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- LIBOR replaced with term SOFR as benchmark under $115M revolving credit facility.
- Interest spread increased to SOFR + 2.50% per annum; default rate is spread plus 2.00%.
- Webster Bank N.A. joined as lender with $35M commitment; Capital One's commitment reduced to $80M.
- Total facility amount remains $115M; amendment effective November 18, 2022.
- Loan, Security and Investment Management Agreement dated August 23, 2021, as amended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1578348/000119312522290577/0001193125-22-290577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1578348/000119312522290577/d370785d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-290577

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