8-K
filed April 7, 2026, 7:59 PM ET
CIK 0001825265
other material
confidence high
sentiment neutral
materiality 0.75
TCW Direct Lending VIII LLC: M&A transaction — TCW Direct Lending VIII completes exchange offer; 50.49% of units tendered
TCW Direct Lending VIII LLC
- 6,435,400 units (50.49% of outstanding) exchanged for units of TCW Specialty Lending LLC perpetual fund.
- Pro rata 50.49% of assets, liabilities and operations transferred to the Perpetual Fund; tendered units canceled.
- Company repaid ~$40.5M under its subscription-based credit facility in connection with the exchange.
- Adopted Amendment No. 5 to LLC agreement revising ERISA provisions for benefit plan investor protections.
- Filed unaudited pro forma financials (Ex-99.1) assuming a 70% exchange rate; actual exchange was 50.49%.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.7
TCW Direct Lending VIII LLC issued securities.
Exact text from the filing
Item 3.03. Material Modification to Rights of Security Holders. The information set forth under Item 1.01 above is incorporated herein by reference. The amendment modifies certain provisions of the Company’s limited liability company agreement applicable to holders of the Company’s limited liability company units
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
TCW Direct Lending VIII LLC completed a disposition involving holders of the Company’s outstanding limited liability company units (closed 2026-04-01).
- Action
- disposition
- Counterparty
- holders of the Company’s outstanding limited liability company units
- Closing
- 2026-04-01
Exact text from the filing
On April 1, 2026, the Company completed its previously announced exchange offer (the “Exchange Offer”), pursuant to which holders of the Company’s outstanding limited liability company units (the “Units”) were permitted to exchange all or a portion of their Units for an equivalent number of limited liability company units of TCW Specialty Lending LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (the “Perpetual Fund”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
TCW Direct Lending VIII LLC amended Amendment No. 5 to its Amended and Restated Limited Liability Company Agreement (effective 2026-04-01).
- Action
- amendment
- Effective
- 2026-04-01
Exact text from the filing
On April 1, 2026, in connection with the completion of the Exchange Offer (as defined below), TCW Direct Lending VIII LLC (the “Company”) entered into Amendment No. 5 to its Amended and Restated Limited Liability Company Agreement (the “LLCA Amendment”).
View on SEC.gov
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