{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-049456","form_type":"8-K","ticker":null,"cik":"0001965934","company_name":"Overland Advantage","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.390109+00:00","generated_at":"2026-06-05T09:43:34.966055+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Overland Advantage secures $300M revolver via Morgan Stanley subsidiary; SOFR+1.70% initially","bullets":["$300M revolving credit facility with Morgan Stanley Senior Funding; SOFR+1.70% initial rate, stepping to 2.35% then 2.85%.","Facility matures Feb 2029; proceeds used to finance eligible loan assets and pay fees.","Covenants include liquidity > $25M (or 7.5% of debt), NAV+unpledged commitments >=50% of total commitments, and asset coverage ratio >=1.50x.","Advances secured by borrower assets and Overland Advantage's equity in the borrower.","Initial draw delayed until first capital call funded or April 1, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-049456","json":"https://secwatch.observer/filing/0001193125-24-049456.json","markdown":"https://secwatch.observer/filing/0001193125-24-049456.md","text":"https://secwatch.observer/filing/0001193125-24-049456.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1965934/000119312524049456/0001193125-24-049456-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1965934/000119312524049456/d749080d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T09:43:34.966055+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fe1f028a15f962c690e38eef79f35b0334ea44d4","claim":"Overland Advantage incurred revolving credit of up to $300 million with Morgan Stanley Senior Funding, Inc. at forward-looking term rate based on SOFR ... plus an applicable margin of ... 1.7 maturing five years after the Closing Date.","evidence_excerpt":"Agreement ”). Under the Revolving Credit Facility, the Lenders have agreed to make available to the Borrower a revolving loan facility in the maximum principal amount of up to $300 million. In addition, pursuant to the MS Facility Agreement, the Borrower has retained the Company as servicer to perform certain servicing functions related to the loan assets and other","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965934/000119312524049456/0001193125-24-049456-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $300 million"},{"label":"Counterparty","value":"Morgan Stanley Senior Funding, Inc."},{"label":"Rate","value":"forward-looking term rate based on SOFR ... plus an applicable margin of ... 1.7"},{"label":"Maturity","value":"five years after the Closing Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fafe7fac4cd6f34b33365a330635c82520fc399d","claim":"Overland Advantage entered into MS Facility Agreement with Morgan Stanley Senior Funding, Inc., as administrative agent, each of the lenders from time to time party thereto, and Wilmington Trust, National Association, as collateral agent, account bank and collateral custodian valued at up to $300 million (effective 2024-02-22).","evidence_excerpt":"On February 22, 2024 (the “ Closing Date ”), Overland Advantage (the “ Company ”) and Overland Financing MS, LLC (the “ Borrower ”), a wholly-owned, special purpose financing subsidiary of the Company, entered into a revolving credit facility (the “ Revolving Credit Facility ”) pursuant to a Loan and Servicing Agreement by and among the Borrower, as borrower, the Company, as transferor and as servicer, Morgan Stanley Senior Funding, Inc., as administrative agent, each of the lenders from time to time party thereto (the “ Lenders ”), and Wilmington Trust, National Association, as collateral agent, account bank and collateral custodian (the “ MS Facility Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965934/000119312524049456/0001193125-24-049456-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Morgan Stanley Senior Funding, Inc., as administrative agent, each of the lenders from time to time party thereto, and Wilmington Trust, National Association, as collateral agent, account bank and collateral custodian"},{"label":"Value","value":"up to $300 million"},{"label":"Effective","value":"2024-02-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}