Crescent Capital BDC increases credit facility commitments from $350M to $500M

Crescent Capital BDC, Inc.

Sixth Amendment to Loan and Security Agreement ups total commitments from $350 million to $500 million.
Amendment dated March 7, 2023; parties include CCAP, CCAP SPV, and Wells Fargo as agent and lender.
Borrowing remains subject to leverage restrictions under the Investment Company Act of 1940.
Facility supports CCAP's general business purposes and is secured by its loan portfolio.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Crescent Capital BDC, Inc. amended Sixth Amendment to Loan and Security Agreement with Wells Fargo Bank, National Association valued at $500 million (effective 2023-03-07).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Value: $500 million
Effective: 2023-03-07

Exact text from the filing

On March 7, 2023, Crescent Capital BDC, Inc., a Maryland corporation (“CCAP”), and Crescent Capital BDC Funding, LLC (“CCAP SPV”), a wholly-owned subsidiary of CCAP, entered into the Sixth Amendment to Loan and Security Agreement (the “Amendment”), by and among CCAP, as the collateral manager, seller and equity holder, CCAP SPV, as the borrower, and Wells Fargo Bank, National Association, as administrative agent, collateral agent, and lender, which amends the Loan and Security Agreement, dated as of March 28, 2016

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Crescent Capital BDC, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-064556

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