secwatch.observer — SEC 8-K summary
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Issuer:     Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB)
CIK:        0001495825
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001821268-24-000283
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBAB enters $100M credit facility with BofA, terminates SocGen facility
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- New $100M committed credit facility from Bank of America, secured by assets held in segregated account.
- Borrowings bear interest at daily SOFR plus 85 bps; undrawn commitment fee of 0.20% per annum.
- Maturity on 360 days' notice from BofA or 30 days' notice from Trust; mandatory prepayment triggers included.
- Existing SocGen credit facility to be terminated on November 20, 2024, after all obligations are satisfied.
- No borrowings under the new facility until SocGen facility is fully terminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495825/000182126824000283/0001821268-24-000283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495825/000182126824000283/gug88147-8k.htm
  HTML page:      https://secwatch.observer/filing/0001821268-24-000283

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