BCPL closes ACIF merger; combined NAV tops $223M; credit facility upsized to $200M

BC Partners Lending Corp

Completed merger of Alternative Credit Income Fund into BCPL on Sept 29, 2026; issued ~7,074,995 BCPL shares to ACIF holders; combined company NAV exceeds $223M as of Sept 26, 2026.
Exchange ratios per ACIF share: Class A 0.4571, Class C 0.4647, Class I 0.4568, Class L 0.4579, Class W 0.4567; cash paid in lieu of fractional shares.
Credit facility First Amendment raised commitment from $125M to $200M, extended revolving period to Sept 29, 2029 and maturity to Sept 29, 2031, and accordion to $400M.
Ahead of closing, ACIF conducted a one-time discretionary repurchase offer for up to 15% of its outstanding shares at NAV as of the Sept 24, 2026 close.
CEO Ted Goldthorpe cited enhanced scale, a more diversified portfolio, lower operating expenses and improved liquidity; KBW and Lucid Capital Markets advised the special committees.

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