Willow Tree Capital Corp: M&A transaction — Willow Tree Capital completes mergers to form BDC, issues 11.7M shares for ~$184M net assets

Willow Tree Capital Corp

Company elected BDC on Nov 8, 2024; merged onshore and offshore funds into itself, surviving.
Issued 11,743,045 common shares in mergers; acquired net assets of ~$184.3M from the two funds.
Post-merger total assets ~$389M, consisting of 99 loans to 33 borrowers (term loans, revolvers).
Adviser to receive 1.25% annual management fee plus 12.5% incentive fee with 6% hurdle rate.
Entered $300M revolving credit facility (Ally Bank, 5-yr maturity) and $90M subscription line (City National).

item 1.01 item 2.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.1

Willow Tree Capital Corp completed a transaction involving Willow Tree Credit Partners LP (closed 2024-11-08).

Counterparty: Willow Tree Credit Partners LP
Closing: 2024-11-08

Exact text from the filing

Item 2.01 – Completion of Acquisition or Disposition Assets. The information contained in Item 1.01 “Entry into a Material Definitive Agreement” under the heading “Merger Agreements” is incorporated by reference in this Item 2.01.

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Source: SEC EDGAR

accession 0001944831-24-000027

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