secwatch.observer — SEC 8-K summary
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Issuer:     Palmer Square Capital BDC Inc. (PSBD)
CIK:        0001794776
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001213900-24-046305
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palmer Square BDC completes $400.5M CLO securitization with $232M Class A notes
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- Completed $400.5M term debt securitization (CLO) via wholly-owned subsidiary Palmer Square BDC CLO 1, Ltd.
- Issued $232M Class A notes (Term SOFR+1.60%), $58M Class B-1 (Term SOFR+2.15%), $10M Class B-2 (fixed 6.33%) due 2037.
- Issued $100.5M subordinated notes (residual, no interest) acquired entirely by Palmer Square Capital BDC.
- Company waived collateral management fees; CLO backed by diversified senior secured loan portfolio.
- Notes redeemable at Issuer's option on/after July 15, 2026; maturity July 15, 2037.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794776/000121390024046305/0001213900-24-046305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794776/000121390024046305/ea0206724-8k_palmersquare.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-046305

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