01/29/2025 | Press release | Distributed by Public on 01/29/2025 13:16
Item 1.01. Entry into a Material Definitive Agreement.
On January 23, 2025, Diameter Credit Company Holdings II LLC ("DCC Holdings II"), a wholly owned subsidiary of Diameter Credit Company, a Delaware statutory trust (the "Company"), entered into the Third Amendment to Loan and Servicing Agreement (the "Third Amendment") to its Loan and Servicing Agreement (as amended, restated or otherwise modified from time to time, including pursuant to the First Amendment to Loan and Servicing Agreement, dated as of September 11, 2024, the Second Amendment to Loan and Servicing Agreement, dated as of October 2, 2024, and the Third Amendment, the "DCC Holdings II Secured Credit Facility"), dated as of April 19, 2024, by and among Diameter Credit Company Holdings II LLC, as borrower, the Company, as transferor and as servicer, the lenders from time to time party thereto, Morgan Stanley Senior Funding, Inc., as administrative agent, Citibank, N.A., as collateral agent, as account bank and as collateral custodian, and Siepe, LLC, as collateral administrator.
The Third Amendment amends the DCC Holdings II Secured Credit Facility to, among other things, (i) reduce the interest rate on advances to the Applicable Reference Rate plus a spread of (x) during the Revolving Period, 2.25% per annum, and (y) during the Amortization Period, 2.75% per annum and (ii) increase the maximum Facility Amount to $500,000,000.
The foregoing description of the Third Amendment to DCC Holdings II Secured Credit Facility does not purport to be complete and is qualified in its entirety by reference to the Third Amendment to DCC Holdings II Secured Credit Facility, filed as Exhibit 10.1 hereto and incorporated herein by reference.