8-K
filed April 30, 2026, 7:59 PM ET
CIK 0001916099
debt
confidence high
sentiment neutral
materiality 0.65
Diameter Credit Co: debt financing — Diameter Credit Company closes $412.6M CLO securitization
Diameter Credit Co
- Issued $40.7M Class A-1 notes (SOFR+1.70%), $16.6M A-2 (SOFR+1.85%), $24.9M Class B (SOFR+2.00%).
- Also issued $130.4M Subordinated Notes and $200M Class A-1 Loans (SOFR+1.70%).
- Proceeds used to purchase first-lien commercial loans from the company; CLO matures 2038 (notes) and 2126 (sub notes).
- Company retains 15.66% of Class B and 100% of Subordinated Notes; collateral management fee set at 0.0% p.a.
- Citigroup acted as initial purchaser/placement agent for the private placement.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Diameter Credit Co incurred credit facility of $412,600,000 with Citigroup Global Markets Inc., as the initial purchaser and placement agent; Western Alliance Trust Company, N.A., as collateral trustee and loan agent at three-month SOFR plus 1.70% to 2.00% maturing April 15, 2038 (Secured Debt) and April 15, 2126 (Subordinated Notes).
- Instrument
- credit facility
- Principal
- $412,600,000
- Counterparty
- Citigroup Global Markets Inc., as the initial purchaser and placement agent; Western Alliance Trust Company, N.A., as collateral trustee and loan agent
- Rate
- three-month SOFR plus 1.70% to 2.00%
- Maturity
- April 15, 2038 (Secured Debt) and April 15, 2126 (Subordinated Notes)
- Event
- incurrence
Exact text from the filing
On April 24, 2026 (the “Closing Date”), Diameter Credit Company (the “Company”) completed a $412,600,000 term debt securitization (the “2026 Debt Securitization”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Diameter Credit Co entered into CLO Purchase Agreement with Citigroup Global Markets Inc. valued at $82,200,000 (effective 2026-04-24).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Citigroup Global Markets Inc.
- Value
- $82,200,000
- Effective
- 2026-04-24
Exact text from the filing
entered into (i) a purchase agreement (the “CLO Purchase Agreement”) with Citigroup Global Markets Inc., as the initial purchaser (the “Initial Purchaser”), pursuant to which the Initial Purchaser agreed to place certain of the secured notes issued by the CLO Issuer
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Diameter Credit Co entered into CLO Credit Agreement with the lenders party thereto valued at $200,000,000 (effective 2026-04-24).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- the lenders party thereto
- Value
- $200,000,000
- Effective
- 2026-04-24
Exact text from the filing
The Class A-1 Loans were incurred pursuant to a Class A-1 Credit Agreement among the CLO Issuer, as borrower, Western Alliance Trust Company, N.A., as loan agent and collateral trustee and the lenders party thereto (the “CLO Credit Agreement”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Diameter Credit Co entered into CLO Indenture with Western Alliance Trust Company, N.A. (effective 2026-04-24).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Western Alliance Trust Company, N.A.
- Effective
- 2026-04-24
Exact text from the filing
pursuant to an indenture by and between the CLO Issuer and Western Alliance Trust Company, N.A., as collateral trustee (the “CLO Indenture”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Diameter Credit Co entered into Loan Sale Agreement with CLO Retention Holder and CLO Issuer (effective 2026-04-24).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- CLO Retention Holder and CLO Issuer
- Effective
- 2026-04-24
Exact text from the filing
a master loan sale agreement entered into on the Closing Date (the “Loan Sale Agreement”) among the Company, the CLO Retention Holder and the CLO Issuer
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Diameter Credit Co entered into CLO Placement Agreement with Citigroup Global Markets Inc. valued at $130,400,000 (effective 2026-04-24).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Citigroup Global Markets Inc.
- Value
- $130,400,000
- Effective
- 2026-04-24
Exact text from the filing
(ii) a placement agreement (the “CLO Placement Agreement”) with Citigroup Global Markets Inc., as the placement agent (the “Placement Agent”), pursuant to which the Placement Agent agreed to place certain of the subordinated notes issued by the CLO Issuer
View on SEC.gov
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