secwatch.observer — SEC 8-K summary
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Issuer:     Onex Direct Lending BDC Fund (—)
CIK:        0001860424
Form:       8-K
Filed at:   2026-01-30T23:59:59+00:00
Accession:  0001193125-26-031542
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onex Direct Lending BDC Fund enters $20M revolving loan with affiliate, terminates prior facility
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- Terminated A&R Revolving OCF II Loan; entered new $20M revolving loan with Onex US Holdings LLC on Jan 29.
- Loan bears interest at SOFR plus 1.65% per annum; commitment period ends 30 days after termination notice.
- Maturity is two years from each funding; proceeds to fund investments, costs, and general corporate purposes.
- Leverage Ratio covenant: cannot exceed 1.25x after borrowing.
- Lender is an affiliate of the investment adviser; SPV assets not available for borrower's obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860424/000119312526031542/0001193125-26-031542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860424/000119312526031542/d833529d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-031542

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