---
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"
generated_at: "2026-05-16T14:20:47.296344+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Phillip Street Middle Market Lending Fund adopts Second A&R LLC Agreement, extends commitment period

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-309712
- form_type: 8-K
- cik: 0001948368
- company_name: Phillip Street BDC LLC
- filed_at: 2025-12-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-309712
- JSON: https://secwatch.observer/filing/0001193125-25-309712.json
- Plain text: https://secwatch.observer/filing/0001193125-25-309712.txt

## Key facts
- Governance Changes
  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).
  - Change: bylaw amendment
  - Effective: 2025-12-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1948368/000119312525309712/0001193125-25-309712-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.