{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-019487","form_type":"8-K","ticker":null,"cik":"0001948368","company_name":"Phillip Street BDC LLC","filed_at":"2026-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.853204+00:00","generated_at":"2026-05-16T08:58:55.328298+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Phillip Street Middle Market Lending Fund subsidiary ups credit facility to $750M, expands borrowing base","bullets":["Facility Amount increased from $480M to $750M via fifth amendment dated January 16, 2026.","Borrowing base concentration limits raised; single obligor cap to $43.2M, top industry group to $144.2M.","No defaults or events of default occurred; all conditions satisfied for amendment effectiveness.","Lenders include Ally Bank, Webster Bank, and Mitsubishi HC Capital America."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-019487","json":"https://secwatch.observer/filing/0001193125-26-019487.json","markdown":"https://secwatch.observer/filing/0001193125-26-019487.md","text":"https://secwatch.observer/filing/0001193125-26-019487.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1948368/000119312526019487/0001193125-26-019487-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1948368/000119312526019487/d69067d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T08:58:55.328298+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":"c18c68c81b79636a2a645495c1a7f515adcf7305","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1948368/000119312526019487/0001193125-26-019487-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Ally Bank, as administrative agent, arranger and swingline lender, and State Street Bank and Trust Company, as collateral custodian, and the lenders party thereto"},{"label":"Value","value":"$750,000,000"},{"label":"Effective","value":"2026-01-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}