secwatch.observer — SEC 8-K summary
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Issuer:     TPG Twin Brook Capital Income Fund (—)
CIK:        0001913724
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001913724-24-000017
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AG Twin Brook Capital Income Fund issues $240M senior notes and replaces auditor PwC with Deloitte
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- Issued $90M 7.69% Series A Senior Notes Tranche A due 2027 and $150M 7.78% Tranche B due 2029.
- Notes rank pari passu with unsecured unsubordinated debt; guaranteed by subsidiary Twin Brook Capital Funding XXXIII.
- Covenants include minimum shareholders' equity $560M plus 25% of equity proceeds, net worth $250M, asset coverage 1.50x.
- Dismissed PwC as independent auditor; appointed Deloitte effective after 2023 audit completion on March 20, 2024.
- No disagreements with PwC during fiscal years 2022 and 2023; change due to TPG's acquisition of Angelo Gordon.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1913724/000191372424000017/0001913724-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1913724/000191372424000017/agci-20240319.htm
  HTML page:      https://secwatch.observer/filing/0001913724-24-000017

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