secwatch.observer — SEC 8-K summary
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Issuer:     Hamilton Lane INC (HLNE)
CIK:        0001433642
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001433642-22-000055
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hamilton Lane secures $75M term loan, ups aggregate borrowing capacity to $325M
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- New multi-draw term loan facility of $75M with First Republic Bank, matures October 2029.
- Interest rate at Prime minus 1.50% (floor 3.00%); revolving credit extended to March 2025 and increased to $50M.
- Existing $100M term loan maturity extended to January 2030; all facilities cross-collateralized and cross-defaulted.
- Covenants require minimum management fees, tangible net worth, and adjusted EBITDA thresholds tested semi-annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433642/000143364222000055/0001433642-22-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433642/000143364222000055/hlne-20221020.htm
  HTML page:      https://secwatch.observer/filing/0001433642-22-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer