BC Partners Lending Corp to merge with Alternative Credit Income Fund in stock-for-stock deal

BC Partners Lending Corp

ACIF shares will convert to BCPL shares at a NAV-based exchange ratio, with cash in lieu of fractional shares.
ACIF will conduct a discretionary repurchase offer for up to 15% of outstanding shares before closing.
If ACIF shareholders do not approve, SCIM will waive $62,500 of management fees monthly for 24 months.
Deal must close by February 24, 2027; requires ACIF shareholder approval and regulatory clearance.
Both boards (including independent directors) have approved the merger; special committees recommended it.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BC Partners Lending Corp entered into Agreement and Plan of Merger with Alternative Credit Income Fund (effective 2026-02-24).

Action: entry
Agreement: merger
Counterparty: Alternative Credit Income Fund
Effective: 2026-02-24

Exact text from the filing

On February 24, 2026, BC Partners Lending Corporation, a Maryland corporation (“BCPL”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Alternative Credit Income Fund, a Delaware statutory trust (“ACIF”

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Source: SEC EDGAR

accession 0001193125-26-068384

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