secwatch.observer — SEC 8-K summary
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Issuer:     Goldman Sachs Private Middle Market Credit II LLC (—)
CIK:        0001772704
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001193125-23-238595
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Goldman Sachs PMMC II amends credit facility: advance rate up to 60%, maturity extended to 2026
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- Advance rate increased from 55% to 60% (62.5% for interest distribution conditions).
- Scheduled termination date extended by one year to September 24, 2026.
- Market Value Trigger raised from 65.0% to 67.5%; Cure Level from 55.0% to 60.0%.
- Reallocated 0.20% of undrawn fee and interest margin to a stand-alone administration fee.
- Restriction added: SPV cannot acquire new recurring revenue loans exceeding 25% of collateral.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772704/000119312523238595/0001193125-23-238595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772704/000119312523238595/d549375d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-238595

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