secwatch.observer — SEC 8-K summary
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Issuer:     Willow Tree Capital Corp (—)
CIK:        0001944831
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001944831-24-000027
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Willow Tree Capital completes mergers to form BDC, issues 11.7M shares for ~$184M net assets
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944831/000194483124000027/0001944831-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944831/000194483124000027/wt-20241108.htm
  HTML page:      https://secwatch.observer/filing/0001944831-24-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer