26North BDC, Inc.: debt financing — 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.

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

26North BDC, Inc. amended credit facility of from $250 million to $450 million with JPMorgan Chase Bank, National Association at SOFR, SONIA, SARON, EURIBOR or CORRA, as applicable ... plus a margin of 1.80% p maturing September 4, 2026.

Instrument: credit facility
Principal: from $250 million to $450 million
Counterparty: JPMorgan Chase Bank, National Association
Rate: SOFR, SONIA, SARON, EURIBOR or CORRA, as applicable ... plus a margin of 1.80% p
Maturity: September 4, 2026
Event: amendment

Exact text from the filing

Amendment No. 1 amended certain terms of the Subscription Facility, including, but not limited to, amendments to (i) increase the total Financing Commitments thereunder from $250 million to $450 million, (ii) extend the scheduled termination date thereof to September 4, 2026 and (iii) modify the interest charged on advances to a rate based on SOFR, SONIA, SARON,

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Source: SEC EDGAR

accession 0001193125-25-201296

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