{"schema_version":"secwatch.filing_event.v1","accession":"0001913721-23-000006","form_type":"8-K","ticker":null,"cik":"0001913721","company_name":"AGTB Private BDC","filed_at":"2023-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.438100+00:00","generated_at":"2026-06-20T19:52:16.340635+00:00","sec_items":["1.01","2.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"AGTB Private BDC merges into AG Twin Brook Capital Income Fund, creating $800M non-traded BDC","bullets":["Merger effective Jan 1, 2023; TCAP survives with over $800M in total assets and $530M in equity.","TCAP issued 20,943,030 Class I shares to former Private BDC shareholders in a 1:1 exchange.","Fund targets floating-rate senior secured loans to lower middle market (EBITDA < $25M) PE-backed companies.","Credit facilities of Private BDC assumed by TCAP in the merger."],"urls":{"canonical":"https://secwatch.observer/filing/0001913721-23-000006","json":"https://secwatch.observer/filing/0001913721-23-000006.json","markdown":"https://secwatch.observer/filing/0001913721-23-000006.md","text":"https://secwatch.observer/filing/0001913721-23-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1913721/000191372123000006/0001913721-23-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1913721/000191372123000006/agtbprivatebdc-form8xkxmer.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T19:52:16.340635+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":"020cbc6cf0a4a660db3f24876f7040e5dabb615f","claim":"AGTB Private BDC underwent a change of control involving AG Twin Brook Capital Income Fund (TCAP) (closed 2023-01-01).","evidence_excerpt":"On January 1, 2023, AGTB Private BDC, a Delaware statutory trust (“Private BDC”), completed its merger (the “Merger”) with AG Twin Brook Capital Income Fund, a Delaware statutory trust (“TCAP”), with TCAP continuing as the surviving company.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1913721/000191372123000006/0001913721-23-000006-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"AG Twin Brook Capital Income Fund (TCAP)"},{"label":"Closing","value":"2023-01-01"}],"fact_type":"ma_transaction"},{"claim_id":"a4405c5e45f39a4380ab9ba1308300abe2f3eed3","claim":"AGTB Private BDC entered into Agreement and Plan of Merger with AG Twin Brook Capital Income Fund (effective 2022-12-30).","evidence_excerpt":"The Merger was completed pursuant to an Agreement and Plan of Merger (the “Merger Agreement”), dated December 30, 2022, by and between TCAP and Private BDC.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1913721/000191372123000006/0001913721-23-000006-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"AG Twin Brook Capital Income Fund"},{"label":"Effective","value":"2022-12-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}