secwatch.observer — SEC 8-K summary
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Issuer:     TPG Twin Brook Capital Income Fund (—)
CIK:        0001913724
Form:       8-K
Filed at:   2026-06-10T20:08:59+00:00
Accession:  0001628280-26-042189
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TPG Twin Brook issues $225M Series D notes in private placement (6.67%/7.03% coupons)
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- $225M aggregate: $50M Tranche A at 6.67% due 2029, $175M Tranche B at 7.03% due 2031.
- Issued to qualified institutional investors in private placement; guaranteed by subsidiary Twin Brook Capital Funding XXXIII LLC.
- Notes unsecured, rank pari passu; covenants include min shareholders' equity $1.25B+25% of net equity proceeds after Oct 2025.
- Interest payable semiannually; optional redemption at par plus make-whole; change-in-control prepayment obligation.
- Rating event triggers: 1% step-up on Below Investment Grade, 1.5% on Secured Debt Ratio, 2% if both.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1913724/000162828026042189/0001628280-26-042189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1913724/000162828026042189/agci-20260604.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-042189

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