secwatch.observer — SEC 8-K summary
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Issuer:     Diameter Credit Co (—)
CIK:        0001916099
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001193125-24-114373
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DCC enters $200M secured credit facility; issues $76.4M in unregistered shares
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- Newly formed subsidiary DCC Holdings II LLC obtained up to $200M secured revolving credit facility with Morgan Stanley as admin agent and Citibank as collateral agent.
- Interest rate: reference rate plus 2.50% during 3-year revolving period, then 3.00% during amortization; maturity April 19, 2029.
- Company issued 2,992,649 common shares for $76.4M in private placement on April 22, 2024, exempt from registration under Securities Act.
- Proceeds from facility to fund purchase of eligible loan assets; facility subject to borrowing base and concentration limits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1916099/000119312524114373/0001193125-24-114373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1916099/000119312524114373/d826105d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-114373

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