CNL Strategic Capital, LLC: debt financing — CNL Strategic Capital amends $50M credit line; NAV per share edges down ~$0.10 in Jan 2025

CNL Strategic Capital, LLC

Line of credit may increase up to $100M at Valley National Bank's discretion; new maturity Feb 15, 2026.
NAV per share decreased $0.06-$0.11 across all classes as of Jan 31, 2025; total assets $1.25B.
Board declared monthly distribution of $0.104167/Share for Class FA/A/I/S; payable March 27, 2025.
New public offering prices effective Feb 27, 2025; Class A $38.89, Class T $37.39, etc.

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

CNL Strategic Capital, LLC amended revolving credit of fifty million dollar ($50.0 million) revolving line of credit with Valley National Bank at 1-Month Term secured overnight financing rate ("SOFR") plus 2.75% maturing February 15, 2026.

Instrument: revolving credit
Principal: fifty million dollar ($50.0 million) revolving line of credit
Counterparty: Valley National Bank
Rate: 1-Month Term secured overnight financing rate ("SOFR") plus 2.75%
Maturity: February 15, 2026
Event: amendment

Exact text from the filing

On February 15, 2025, CNL Strategic Capital B, Inc. (“Borrower”), a wholly-owned subsidiary of CNL Strategic Capital, LLC ( the “Company”) and Valley National Bank, a Tennessee banking corporation, (referred to as “Valley National Bank”) entered into a First Amendment (“First Amendment”) to the Loan and Security Agreement (the “Loan Agreement”) previously entered into by such parties for a fifty million dollar ($50.0 million) revolving line of credit (the “Line of Credit”).

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Source: SEC EDGAR

accession 0001839882-25-010348

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