secwatch / observer
8-K filed September 15, 2023, 7:59 PM ET CIK 0001851322
debt confidence high sentiment neutral materiality 0.70

North Haven Private Income Fund LLC: debt financing — North Haven Private Income Fund enters up to $235M credit facility, expandable to $700M

North Haven Private Income Fund LLC

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

North Haven Private Income Fund LLC incurred revolving credit of $235,000,000 with Citizens Bank, N.A. at Term SOFR plus 2.75% during the reinvestment period maturing September 12, 2028.

Instrument
revolving credit
Principal
$235,000,000
Counterparty
Citizens Bank, N.A.
Rate
Term SOFR plus 2.75% during the reinvestment period
Maturity
September 12, 2028
Event
incurrence
Exact text from the filing
other various supporting documentation, pursuant to which the Lenders have agreed to (a) extend credit to PIF II on the Closing Date in an aggregate principal amount of up to $235,000,000 at any one time outstanding, and (b) prior to the date that is 180 days following the Closing Date, subject to certain conditions, allow PIF II to elect to increase the
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

North Haven Private Income Fund LLC entered into Loan and Security Agreement with Citizens Bank, N.A., as facility agent, and the lenders party thereto valued at up to $235,000,000 (effective 2023-09-12).

Action
entry
Agreement
credit facility
Counterparty
Citizens Bank, N.A., as facility agent, and the lenders party thereto
Value
up to $235,000,000
Effective
2023-09-12
Exact text from the filing
On September 12, 2023 (the "Closing Date"), North Haven Private Income Fund LLC (the "Company") together with its wholly owned subsidiary, PIF Financing II SPV LLC ("PIF II"), entered into a Loan and Security Agreement with PIF II, as the borrower, Citizens Bank, N.A. ("CBNA"), as the facility agent, the lenders party thereto (collectively, the "Lenders"), the Company, as the servicer, equityholder and transferor, and State Street Bank and Trust Company, as collateral agent, account bank and collateral custodian, and the other various supporting documentation, pursuant to which the Lenders have agreed to (a) extend credit to PIF II on the Closing Date in an aggregate principal amount of up to $235,000,000 at any one time outstanding
View on SEC.gov

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Source: SEC EDGAR
accession 0001851322-23-000082
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