Shareholders reject enhanced liquidity plan (25% repurchase); loan amended for equity buybacks

CNL Strategic Capital, LLC

Enhanced liquidity plan for repurchase of up to 25% of shares failed; required 2/3 of outstanding shares, received 20.1M for vs 510k against, 925k withheld (21.5M voted).
Company will maintain existing share repurchase program at up to 10% of NAV per year; states program has met all requests to date.
Third Amendment to $50M revolver with Valley National Bank extends maturity to August 15, 2026; bank may increase line to $100M.
Loan now permits equity repurchases up to 90% of trailing six months' new net investment proceeds; $62,500 amendment fee paid.
Board will continue evaluating capital-raising options beyond the continuous public offering (expires November 1, 2027).

item 1.01 item 2.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

CNL Strategic Capital, LLC amended Third Amendment with Valley National Bank (effective 2026-05-29).

Action: amendment
Agreement: credit facility
Counterparty: Valley National Bank
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026, CNL Strategic Capital B, Inc. (the “Borrower”), a wholly-owned subsidiary of CNL Strategic Capital, LLC (the “Company”), and Valley National Bank, a Tennessee banking corporation (referred to as “Valley National Bank”), entered into a Third Amendment (the “Third Amendment”) to the Loan and Security Agreement, as amended (the “Loan Agreement”), previously entered into by such parties for a $50.0 million revolving line of credit (the “Line of Credit”).

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

CNL Strategic Capital, LLC shareholders rejected Approval of an enhanced liquidity plan under which the Company undertakes to repurchase from shareholders during the first four full calendar quarters following the approval of this proposal at the 2026-05-27 meeting.

Outcome: failed
Meeting: 2026-05-27

Exact text from the filing

Proposal 1: Approval of an enhanced liquidity plan under which the Company undertakes to repurchase from shareholders during the first four full calendar quarters following the approval of this proposal (the “enhanced liquidity period”) up to a requested liquidity percentage to be established following the approval of this proposal. This proposal was not passed, with voting results as follows: For Against Withheld 20,122,701 510,255 925,448

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Source: SEC EDGAR

accession 0001999371-26-011900

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