Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
North Haven Private Income Fund LLC amended credit facility of $750 million with Wells Fargo Bank, National Association at Daily Simple SOFR plus 2.75%.
- Instrument
- credit facility
- Principal
- $750 million
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- Daily Simple SOFR plus 2.75%
- Event
- amendment
Exact text from the filing
(i) increased the borrowing capacity under the Wells Funding Facility from $500 million to $750 million, (ii) revised certain concentration limitations and eligibility criteria, (iii) revised certain lender consent thresholds, (iv) changed the benchmark from Term SOFR to Daily Simple SOFR, and (v) increased the facility margin from 2.25% to 2.75%.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
North Haven Private Income Fund LLC amended First Amendment with Wells Fargo Bank, National Association valued at $750 million (effective 2023-04-20).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- $750 million
- Effective
- 2023-04-20
Exact text from the filing
On April 20, 2023, PIF Financing SPV LLC ("PIF LLC"), a Delaware limited liability company and a wholly owned subsidiary of North Haven Private Income Fund LLC (the "Company"), entered into an amendment (the "First Amendment") to that certain Loan and Servicing Agreement, dated as of June 29, 2022 (the "Wells Funding Facility"), by and among PIF LLC, as the borrower, the Company, as the equityholder and servicer, State Street Bank and Trust Company, as collateral agent and as collateral custodian, Wells Fargo Bank, National Association, as administrative agent, and each of the conduit lenders, institutional lenders, and lender agents from time to time party thereto.
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