secwatch / observer
8-K filed May 16, 2023, 7:59 PM ET CIK 0001674760
debt confidence high sentiment neutral materiality 0.60

Silver Capital Holdings LLC: debt financing — Goldman Sachs Private Middle Market Credit SPV Amends Loan Facility, Extends Maturity to Nov 2024

Silver Capital Holdings LLC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

Silver Capital Holdings LLC amended credit facility of reduced the lender commitments to $125,630,222.98, reflecting prior repayments of principal with JPMorgan Chase Bank, National Association as administrative agent and lenders at increased the Applicable Margin from 3.25% to 3.50%; replaced the LIBO Rate as t maturing extended the Scheduled Termination Date from November 21, 2023 to November 21, 2024.

Instrument
credit facility
Principal
reduced the lender commitments to $125,630,222.98, reflecting prior repayments of principal
Counterparty
JPMorgan Chase Bank, National Association as administrative agent and lenders
Rate
increased the Applicable Margin from 3.25% to 3.50%; replaced the LIBO Rate as t
Maturity
extended the Scheduled Termination Date from November 21, 2023 to November 21, 2024
Event
amendment
Exact text from the filing
party thereto and JPMorgan Chase Bank, National Association, as administrative agent and lender. The Second Amendment, among other things: (i) reduced the lender commitments to $125,630,222.98, reflecting prior repayments of principal; (ii) increased the Applicable Margin from 3.25% to 3.50%; (iii) extended the Scheduled Termination Date from November 21, 2023 to
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Silver Capital Holdings LLC amended Second Amendment with Goldman Sachs Private Middle Market Credit SPV LLC valued at reduced the lender commitments to $125,630,222.98 (effective 2023-05-10).

Action
amendment
Agreement
credit facility
Counterparty
Goldman Sachs Private Middle Market Credit SPV LLC
Value
reduced the lender commitments to $125,630,222.98
Effective
2023-05-10
Exact text from the filing
On May 10, 2023, Goldman Sachs Private Middle Market Credit SPV LLC (“SPV”), a wholly-owned subsidiary of Goldman Sachs Private Middle Market Credit LLC (the “Company”), entered into the second amendment (the “Second Amendment”) to the Amended and Restated Loan and Security Agreement, as amended by the first amendment thereto, dated January 28, 2022 (as so amended and as further amended by the Second Amendment, the “Loan and Security Agreement”) among SPV, as borrower, the Company, as portfolio manager, State Street Bank and Trust Company, as collateral agent, collateral administrator, securities intermediary and bank, the lenders party thereto and JPMorgan Chase Bank, National Association, as administrative agent and lender.
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Source: SEC EDGAR
accession 0001193125-23-146134
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