--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-145523" form_type: "8-K" ticker: null cik: "0002066811" company_name: "TCW SPECIALTY LENDING LLC" filed_at: "2026-04-07T23:59:59+00:00" generated_at: "2026-05-15T07:10:11.811341+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # TCW Specialty Lending completes exchange of 50.49% of Fund VIII units, issues 6.44M shares, enters $625M credit facility ## Summary - Completed exchange offer for 6,435,400 Fund VIII units (50.49% of outstanding) on April 1, 2026. - Issued 6,435,400 Company units to tendering holders; Fund VIII transferred pro rata assets/liabilities. - Entered $625M senior secured revolving credit facility with PNC Bank, 5-year term, SOFR+2.10%. - Initial borrowings of $262.4M used to pay down Fund VIII's existing credit facility. ## SEC filing metadata - accession: 0001193125-26-145523 - form_type: 8-K - cik: 0002066811 - company_name: TCW SPECIALTY LENDING LLC - filed_at: 2026-04-07T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.01, 2.03, 3.02 - EDGAR index: https://www.sec.gov/Archives/edgar/data/2066811/000119312526145523/0001193125-26-145523-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2066811/000119312526145523/d25555d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-145523 - JSON: https://secwatch.observer/filing/0001193125-26-145523.json - Plain text: https://secwatch.observer/filing/0001193125-26-145523.txt ## Source-grounded claims - claim_id: eb4dffde62450bfec10ff015b55a253bfa3fc8c8 claim: TCW SPECIALTY LENDING LLC incurred credit facility of up to $625 million with PNC Bank, National Association at SOFR plus the facility margin of 2.10% per annum maturing five years. evidence_excerpt: the lenders from time to time parties thereto. The Credit Agreement provides for a senior secured asset-based revolving credit facility in an aggregate principal amount of up to $625 million (the “Credit Facility”), subject to the terms and conditions set forth therein. The Credit Facility has a term of five years and, in connection with the closing of the Exchange evidence_url: https://www.sec.gov/Archives/edgar/data/2066811/000119312526145523/0001193125-26-145523-index.htm - claim_id: cb212f1ea8dacd4af993460937929b2e4575589c claim: TCW SPECIALTY LENDING LLC completed an acquisition involving TCW Direct Lending VIII (Fund VIII) (closed 2026-04-01). evidence_excerpt: In connection with the completion of the Exchange Offer, Fund VIII transferred to the Company a pro rata share of all of the assets, liabilities and related interests held by Fund VIII immediately prior to the completion of the Exchange Offer, in proportion to the number of Fund VIII Units validly tendered and accepted for exchange, and the Company issued an equivalent number of Company Units to the tendering holders in exchange for the accepted Fund VIII Units. evidence_url: https://www.sec.gov/Archives/edgar/data/2066811/000119312526145523/0001193125-26-145523-index.htm - claim_id: 07b146ceafe56242a984ebacd3f9678aec996161 claim: TCW SPECIALTY LENDING LLC amended amended and restated limited liability company agreement (effective 2026-04-01). evidence_excerpt: the Company entered into an amended and restated limited liability company agreement, an investment advisory and management agreement, an administration agreement and a licensing agreement, each effective as of April 1, 2026 evidence_url: https://www.sec.gov/Archives/edgar/data/2066811/000119312526145523/0001193125-26-145523-index.htm - claim_id: 18efd3167f8025ba8f252ca23b274255c5720b55 claim: TCW SPECIALTY LENDING LLC entered into administration agreement (effective 2026-04-01). evidence_excerpt: the Company entered into an amended and restated limited liability company agreement, an investment advisory and management agreement, an administration agreement and a licensing agreement, each effective as of April 1, 2026 evidence_url: https://www.sec.gov/Archives/edgar/data/2066811/000119312526145523/0001193125-26-145523-index.htm - claim_id: 1c575449b3bca704b9567caf53d4a55ea30647ae claim: TCW SPECIALTY LENDING LLC entered into investment advisory and management agreement (effective 2026-04-01). evidence_excerpt: the Company entered into an amended and restated limited liability company agreement, an investment advisory and management agreement, an administration agreement and a licensing agreement, each effective as of April 1, 2026 evidence_url: https://www.sec.gov/Archives/edgar/data/2066811/000119312526145523/0001193125-26-145523-index.htm - claim_id: 8f780935c2d1370e9df6f87cb364b6ccebdc22cd claim: TCW SPECIALTY LENDING LLC entered into licensing agreement (effective 2026-04-01). evidence_excerpt: the Company entered into an amended and restated limited liability company agreement, an investment advisory and management agreement, an administration agreement and a licensing agreement, each effective as of April 1, 2026 evidence_url: https://www.sec.gov/Archives/edgar/data/2066811/000119312526145523/0001193125-26-145523-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.