{"schema_version":"secwatch.filing_event.v1","accession":"0001839882-25-010348","form_type":"8-K","ticker":null,"cik":"0001684682","company_name":"CNL Strategic Capital, LLC","filed_at":"2025-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.437544+00:00","generated_at":"2026-05-26T06:59:04.045246+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CNL Strategic Capital amends $50M credit line; NAV per share edges down ~$0.10 in Jan 2025","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001839882-25-010348","json":"https://secwatch.observer/filing/0001839882-25-010348.json","markdown":"https://secwatch.observer/filing/0001839882-25-010348.md","text":"https://secwatch.observer/filing/0001839882-25-010348.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1684682/000183988225010348/0001839882-25-010348-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1684682/000183988225010348/cnl-8k_021525.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T06:59:04.045246+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"62d4e88e24782f18c35d8c8d05176384652e3248","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1684682/000183988225010348/0001839882-25-010348-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"fifty million dollar ($50.0 million) revolving line of credit"},{"label":"Counterparty","value":"Valley National Bank"},{"label":"Rate","value":"1-Month Term secured overnight financing rate (\"SOFR\") plus 2.75%"},{"label":"Maturity","value":"February 15, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}