---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-029505"
form_type: "8-K"
ticker: "PSBD"
cik: "0001794776"
company_name: "Palmer Square Capital BDC Inc."
filed_at: "2023-04-13T23:59:59+00:00"
generated_at: "2026-06-17T02:44:11.672107+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Palmer Square BDC amends credit facility to replace LIBOR with SOFR and change collateral agent

## Summary
- Amendment No. 3 to $150M credit facility signed April 10, 2023 references SOFR instead of LIBOR.
- U.S. Bank Trust Company, National Association replaces U.S. Bank National Association as collateral agent.
- LIBOR transition language removed from the Loan and Security Agreement.
- No change in facility size, interest spread, or maturity disclosed; no new advances made.

## SEC filing metadata
- accession: 0001213900-23-029505
- form_type: 8-K
- ticker: PSBD
- cik: 0001794776
- company_name: Palmer Square Capital BDC Inc.
- filed_at: 2023-04-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1794776/000121390023029505/0001213900-23-029505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1794776/000121390023029505/ea176890-8k_palmersqu.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-029505
- JSON: https://secwatch.observer/filing/0001213900-23-029505.json
- Plain text: https://secwatch.observer/filing/0001213900-23-029505.txt

## Key facts
- Material Agreements
  Palmer Square Capital BDC Inc. amended Amendment No. 3 with Wells Fargo Bank, National Association (effective 2023-04-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Effective: 2023-04-10
  source text: On April 10, 2023, Palmer Square BDC Funding II LLC (“Funding”), a wholly owned subsidiary of Palmer Square Capital BDC Inc. (the “Company”), entered into Amendment No. 3 (the “Credit Facility Amendment”) to its credit facility (the “Credit Facility”) with Wells Fargo Bank, National Association, as administrative agent and as lender, and U.S. Bank National Association, as collateral agent and custodian.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1794776/000121390023029505/0001213900-23-029505-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.