secwatch / observer
8-K filed January 22, 2026, 6:59 PM ET CIK 0001948368
debt confidence high sentiment neutral materiality 0.50

Phillip Street Middle Market Lending Fund subsidiary ups credit facility to $750M, expands borrowing base

Phillip Street BDC LLC

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Phillip Street BDC LLC entered into Fifth Amendment to Secured Credit Facility with Ally Bank, as administrative agent, arranger and swingline lender, and State Street Bank and Trust Company, as collateral custodian, and the lenders party thereto valued at $750,000,000 (effective 2026-01-16).

Action
entry
Agreement
credit facility
Counterparty
Ally Bank, as administrative agent, arranger and swingline lender, and State Street Bank and Trust Company, as collateral custodian, and the lenders party thereto
Value
$750,000,000
Effective
2026-01-16
Exact text from the filing
On January 16, 2026, Phillip Street Middle Market Lending Investments LLC ("SPV"), an indirectly wholly owned subsidiary of Phillip Street Middle Market Lending Fund LLC (the "Company") entered into a fifth amendment (the "Amendment") to its secured credit facility, dated as of February 10, 2023 (as amended, supplemented or otherwise modified and in effect from time to time, including by the Amendment, the "Ally Credit Facility") by and among the Company, as collateral manager and transferor, Phillip Street Middle Market Lending Investment Holdings LLC, as equityholder, the SPV, as borrower, each of the lenders from time to time party thereto (the "Lenders"), Ally Bank, as administrative agent, arranger and swingline lender, and State Street Bank and Trust Company, as collateral custodian.
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Source: SEC EDGAR
accession 0001193125-26-019487
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