{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-309712","form_type":"8-K","ticker":null,"cik":"0001948368","company_name":"Phillip Street BDC LLC","filed_at":"2025-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.131553+00:00","generated_at":"2026-05-16T14:20:47.296344+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Phillip Street Middle Market Lending Fund adopts Second A&R LLC Agreement, extends commitment period","bullets":["Second Amended and Restated LLC Agreement adopted effective December 3, 2025.","Investment guidelines updated under the new agreement.","Commitment period extended indefinitely; majority-in-interest can end it on 60 days' written notice.","Schedule of officers updated in the governing document."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-309712","json":"https://secwatch.observer/filing/0001193125-25-309712.json","markdown":"https://secwatch.observer/filing/0001193125-25-309712.md","text":"https://secwatch.observer/filing/0001193125-25-309712.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1948368/000119312525309712/0001193125-25-309712-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1948368/000119312525309712/d53266d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:20:47.296344+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"582519f8efcf4f35cf654f712e31d9c3476b184a","claim":"Phillip Street BDC LLC: Adopted Second Amended and Restated Limited Liability Company Agreement to update investment guidelines, extend commitment period indefinitely, and update schedule of officers (effective 2025-12-03).","evidence_excerpt":"Effective as of December 3, 2025, the Board of Directors of Phillip Street Middle Market Lending Fund LLC (the “ Company ”) adopted and approved the Company’s Second Amended and Restated Limited Liability Company Agreement (the “ Second A&R LLC Agreement ”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1948368/000119312525309712/0001193125-25-309712-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2025-12-03"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}