Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Manulife Private Credit Fund incurred credit facility of up to $150 million with JPMorgan Chase Bank, National Association, as administrative agent at Term SOFR or a Base Rate, in each case plus an applicable margin equal to 2.70% maturing March 26, 2029.
- Instrument
- credit facility
- Principal
- up to $150 million
- Counterparty
- JPMorgan Chase Bank, National Association, as administrative agent
- Rate
- Term SOFR or a Base Rate, in each case plus an applicable margin equal to 2.70%
- Maturity
- March 26, 2029
- Event
- incurrence
Exact text from the filing
On March 26, 2024, Manulife Private Credit Fund SPV, LLC, a wholly owned subsidiary of Manulife Private Credit Fund (the “Fund”), entered into a Loan and Security Agreement (the “JPM Funding Facility”), as borrower (the “Borrower”), with the Fund, as the parent and portfolio manager, the lenders party thereto, The Bank of New York Mellon Trust Company, National Association, as collateral agent, collateral administrator and securities intermediary, and JPMorgan Chase Bank, National Association, as administrative agent, that provides a secured credit facility of up to $150 million with a reinvestment period ending March 26, 2027 and a final maturity date of March 26, 2029.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Manulife Private Credit Fund entered into JPM Funding Facility with JPMorgan Chase Bank, National Association valued at up to $150 million (effective 2024-03-26).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, National Association
- Value
- up to $150 million
- Effective
- 2024-03-26
Exact text from the filing
On March 26, 2024, Manulife Private Credit Fund SPV, LLC, a wholly owned subsidiary of Manulife Private Credit Fund (the “Fund”), entered into a Loan and Security Agreement (the “JPM Funding Facility”), as borrower (the “Borrower”), with the Fund, as the parent and portfolio manager, the lenders party thereto, The Bank of New York Mellon Trust Company, National Association, as collateral agent, collateral administrator and securities intermediary, and JPMorgan Chase Bank, National Association, as administrative agent, that provides a secured credit facility of up to $150 million with a reinvestment period ending March 26, 2027 and a final maturity date of March 26, 2029.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Manulife Private Credit Fund entered into Contribution Agreement with Manulife Private Credit Fund SPV, LLC (effective 2024-03-26).
- Action
- entry
- Counterparty
- Manulife Private Credit Fund SPV, LLC
- Effective
- 2024-03-26
Exact text from the filing
In addition, on March 26, 2024, the Fund, as seller, and the Borrower, as purchaser, entered into a Sale and Contribution Agreement (the “Contribution Agreement,” and together with the JPM Funding Facility, the “Borrower Agreements”), pursuant to which Borrower will either purchase certain corporate loans or receive contributions of cash or such corporate loans (collectively, the “Loans”), from time to time, originated by the Fund or its affiliates.
View on SEC.gov