John Hancock Comvest Private Income Fund: debt financing — AMG Comvest increases credit facility by $100M to $400M; adds new lender

John Hancock Comvest Private Income Fund

Commitments increased by $100M to $400M; Webster Bank, N.A. added as new lender.
Spread on outstanding advances reduced (specific reduction not disclosed).
Recurring revenue loans now eligible in the collateral portfolio.
Amendment dated March 27, 2025; conditions precedent satisfied.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

John Hancock Comvest Private Income Fund amended credit facility of increase of the commitments under the facility by $100,000,000 with Sumitomo Mitsui Banking Corporation, Webster Bank, N.A. at reduction of the spread on the outstanding advances.

Instrument: credit facility
Principal: increase of the commitments under the facility by $100,000,000
Counterparty: Sumitomo Mitsui Banking Corporation, Webster Bank, N.A.
Rate: reduction of the spread on the outstanding advances
Event: amendment

Exact text from the filing

The Amendment provides for the following changes to the Facility Agreement: (a) an increase of the commitments under the facility by $100,000,000, (b) the addition of a new lender, namely Webster Bank, N.A., (c) a reduction of the spread on the outstanding advances and (d) the addition of recurring revenue loans in the portfolio.

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Source: SEC EDGAR

accession 0001193125-25-069832

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