secwatch.observer — SEC 8-K summary
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Issuer:     Phillip Street BDC LLC (—)
CIK:        0001948368
Form:       8-K
Filed at:   2026-01-22T23:59:59+00:00
Accession:  0001193125-26-019487
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1948368/000119312526019487/0001193125-26-019487-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1948368/000119312526019487/d69067d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-019487

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer