TriLinc Global Impact Fund LLC (TRLC): debt financing — TriLinc Global Impact Fund accelerates $18M debt repayment by Aug 31; suspends DRP and repurchase

TriLinc Global Impact Fund LLC

Default triggered by failure to file 2022 10-K; $18M outstanding under $50M credit facility must be repaid by Aug 31, 2023.
Amendment with lenders permits continued distributions while making four installment payments.
Distribution Reinvestment Plan and Unit Repurchase Plan suspended due to default and lack of audited financials.
Company still seeking new independent auditor; 2022 10-K and Q1 10-Q to be filed after audit engagement.

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

TriLinc Global Impact Fund LLC amended credit facility of $18 million with DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH and Blueorchard Microfinance Fund maturing August 31, 2023.

Instrument: credit facility
Principal: $18 million
Counterparty: DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH and Blueorchard Microfinance Fund
Maturity: August 31, 2023
Event: amendment

Exact text from the filing

the Company has entered into a Waiver and Agreement, dated as of May 9, 2023 with the Lenders (the “Amendment”) pursuant to which the Company will accelerate its repayment of the $18 million outstanding under the Credit Facility and the Lenders have agreed that the Company will be permitted to continue to pay distributions to its unitholders. The Company’s ability to continue to pay distributions is conditioned on the Company’s continued repayment of the amounts outstanding under the Credit Facility in accordance with the schedule set for the in the Amendment and the non-occurance of any additional events of default or potential events of default. The Company is required to make four installment payments to the Lenders, with the last payment due on August 31, 2023.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TriLinc Global Impact Fund LLC reported a default on credit facility of $18 million with DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH and Blueorchard Microfinance Fund.

Instrument: credit facility
Principal: $18 million
Counterparty: DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH and Blueorchard Microfinance Fund
Event: default

Exact text from the filing

Company has entered into a Waiver and Agreement, dated as of May 9, 2023 with the Lenders (the “Amendment”) pursuant to which the Company will accelerate its repayment of the $18 million outstanding under the Credit Facility and the Lenders have agreed that the Company will be permitted to continue to pay distributions to its unitholders. The Company’s ability

View on SEC.gov

295 debt financings filed in the last 30 days. Browse all debt financings →

TriLinc Global Impact Fund LLC filing history →

Source: SEC EDGAR

accession 0001437749-23-014632

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.