secwatch / observer
8-K filed January 29, 2026, 6:59 PM ET CIK 0002043133
debt confidence high sentiment neutral materiality 0.60

TCW Steel City BDC subsidiary secures $475M credit facility (upsize to $2B), matures 2036

TCW Steel City Senior Lending BDC

item 1.01item 2.03item 5.03item 9.01

Machine-readable event card

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TCW Steel City Senior Lending BDC
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JSON Markdown Plain text

Source-grounded claims

bada36ec963fda9393eac31e816d54e1561821ee

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.

the lenders have agreed to extend credit to the Borrower in an aggregate principal amount of up to $475 million

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

702de80e0cd34f217fd5fda1e92fee375f4edf5c

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).

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.

SEC 8-K Item 5.03/5.05/5.06 confidence 0.9 SEC evidence

e9f4a6eab4afacdf2af69f78345ce99105efb8a2

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).

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.

SEC 8-K Item 1.01/1.02 confidence 0.9 SEC evidence

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

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the lenders have agreed to extend credit to the Borrower in an aggregate principal amount of up to $475 million

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This 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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the lenders have agreed to extend credit to the Borrower in an aggregate principal amount of up to $475 million

Comparable filing

On May 29, 2026, Encompass Health Corporation (the “Company”) completed the issuance and sale of $500 million in aggregate principal amount of its 5.875% Senior Notes due 2034 (the “Notes”), along with the related guarantees of the Notes by certain of the Company’s subsidiaries (the “Guarantees”), in a private offering.

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

the lenders have agreed to extend credit to the Borrower in an aggregate principal amount of up to $475 million

Comparable filing

The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $868,522,978.38 (the “New Term Loans”), which New Term Loans replace or refinance in full all of the existing term loans outstanding under the Credit Agreement (as in effect immediately prior to the Amendment), as further set forth in the Amendment. The New Term Loans mature on December 6, 2030.

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

the lenders have agreed to extend credit to the Borrower in an aggregate principal amount of up to $475 million

Comparable filing

The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.

Filing page SEC filing

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the lenders have agreed to extend credit to the Borrower in an aggregate principal amount of up to $475 million

Comparable filing

The Seventh Amendment (i) terminated the Initial Revolving Credit Commitments and simultaneously replaced them in their entirety with Extended Revolving Credit Commitments having a Maturity Date of May 7, 2029, (ii) decreased the interest rate margin applicable to the Revolving Credit Loans from margins ranging from 175 basis points to 275 basis points (subject to leverage ratio step-downs) to margins ranging from 125 basis points to 225 basis points (subject to leverage ratio step-downs)

Filing page SEC filing

ILPT

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Industrial Logistics Properties Trust May 8, 2026, 7:59 PM ET debt Items 1.01, 1.02, 2.03, 9.01

same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

the lenders have agreed to extend credit to the Borrower in an aggregate principal amount of up to $475 million

Comparable filing

Stanley Bank, N.A., Bank of America, N.A., Bank of Montreal and UBS AG New York Branch, or collectively, the lenders, pursuant to which Mountain JV obtained, in aggregate, a $1.62 billion loan secured by 90 of its properties, or the Loan . Also on May 8, 2026, we entered into a guaranty in favor of the lenders, pursuant to which we guaranteed certain limited

Filing page SEC filing

PGIM

PGIM Private Credit Fund enters $100M credit facility with $500M accordion option

PGIM Private Credit Fund May 8, 2026, 7:59 PM ET debt Items 1.01, 2.03, 9.01

same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

the lenders have agreed to extend credit to the Borrower in an aggregate principal amount of up to $475 million

Comparable filing

Repo Rate Average; and for Australian‐dollar advances, Bank Bill Swap Rate), in each case subject to a 0.25% floor. The initial facility amount of the Credit Facility is $100 million, with an accordion feature that permits increases, with the consent of the facility agent and the lenders, up to an aggregate commitment of $500 million. The Credit Facility has

Filing page SEC filing

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