debt
confidence high
sentiment positive
materiality 0.60
26North BDC ups credit facility to $450M from $250M, extends to Sep 2026
26North BDC, Inc.
- Amendment No. 1 increases total Financing Commitments under Subscription Facility from $250M to $450M.
- Scheduled termination date extended to September 4, 2026 (from prior Feb 2026 maturity).
- Interest rate modified to SOFR/SONIA/SARON/EURIBOR/CORRA plus 1.80% margin per annum.
- Upfront fee of $1,033,561.64 payable to JPMorgan upon effectiveness of amendment.
- Conditions include delivery of officer certificates, legal opinions, and no default immediately before or after.
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