secwatch.observer — SEC 8-K summary
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Issuer:     Silver Capital Holdings LLC (—)
CIK:        0001674760
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001193125-24-280602
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 3.03, 5.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silver Capital Holdings completes acquisition by Pantheon for $24.05 per unit; $293M debt assumed
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- Merger closed on Dec 17, 2024: each unit converted into $24.05 cash; total consideration included ~$76.6M Merger Advance.
- Company assumed ~$293.1M outstanding under JPMorgan credit facility (up to $340M capacity, matures Oct 2027, SOFR+2.40%).
- Amended Investment Management Agreement with GSAM caps ordinary expenses at $4.25M and sets management fee at 1% of NAV; incentive fee with 7% hurdle and 10% catch-up.
- Members approved merger (6,039,298 for vs 54,640 against) and unit issuance below NAV (5,907,830 for) at Dec 13 special meeting.
- Fourth Amended LLC Agreement extends term by 5 years, adds unfunded commitments and member vote requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674760/000119312524280602/0001193125-24-280602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674760/000119312524280602/d901842d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-280602

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