Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TCW Steel City Senior Lending BDC incurred credit facility of up to $475 million with Barings Direct Investments LLC at three-month SOFR plus the facility margin of 2.35% per annum maturing January 23, 2036.
- Instrument
- credit facility
- Principal
- up to $475 million
- Counterparty
- Barings Direct Investments LLC
- Rate
- three-month SOFR plus the facility margin of 2.35% per annum
- Maturity
- January 23, 2036
- Event
- incurrence
Exact text from the filing
the lenders have agreed to extend credit to the Borrower in an aggregate principal amount of up to $475 million
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
TCW Steel City Senior Lending BDC: Amended and Restated Declaration and Agreement of Trust to align terms with prior Limited Partnership Agreement upon conversion from Delaware LP to Delaware Statutory Trust (effective 2026-01-23).
- Change
- charter amendment
- Effective
- 2026-01-23
Exact text from the filing
On January 23, 2026, the board of trustees of the Company approved an Amended and Restated Declaration and Agreement of Trust to align its terms with the terms to which investors previously agreed under the Limited Partnership Agreement of TCW Steel City Perpetual Levered Fund LP, prior to the Company’s conversion from a Delaware Limited Partnership to a Delaware Statutory Trust.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TCW Steel City Senior Lending BDC entered into Credit Agreement with Barings Direct Investments LLC valued at up to $475 million (effective 2026-01-23).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Barings Direct Investments LLC
- Value
- up to $475 million
- Effective
- 2026-01-23
Exact text from the filing
On January 23, 2026, TSC BDC Financing 1 LLC (the “Borrower”), a newly-formed, wholly-owned, special purpose financing subsidiary of TCW Steel City Senior Lending BDC (the “Company”) entered into a senior secured credit facility (the “Credit Facility”) pursuant to a loan and servicing agreement (the “Credit Agreement”) with Barings Direct Investments LLC (“Barings”), as administrative agent, facility servicer, and collateral custodian, the lenders from time to time party thereto and City National Bank, as revolving administrative agent.
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