09/09/2025 | Press release | Distributed by Public on 09/09/2025 04:04
Item 2.03 | Creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of registrant. |
Effective as of September 8, 2025, 5C Lending Partners Corp. (the "Company"), as borrower pursuant to that certain Revolving Credit Agreement, dated as of January 16, 2025, by and between the Company, U.S. Bank National Association as administrative agent, lead arranger, letter of credit issuer and the lenders party thereto from time to time (the "Credit Agreement"), requested, pursuant to Section 2.15 of the Credit Agreement, an increase of the revolving credit facility (the "Credit Facility" and, such increase, the "Committed Accordion Exercise"). Pursuant to the Committed Accordion Exercise, the aggregate Credit Facility commitments pursuant to the Revolving Credit Agreement increased from $215.0 million to $250.0 million, of which $50.0 million is available for standby letters of credit.
The terms of the Credit Agreement remained otherwise unchanged.
Item 7.01. | Regulation FD Disclosure. |
Investment Operations
As of September 8, 2025, the Company had total investments of $468.2 million in aggregate principal amount, of which $318.8 million was funded and $149.4 million was unfunded in 16 portfolio companies.
Recent Transactions
Triumph Group - Titan BW Borrower L.P.
The Company committed to a senior secured credit facility backing the take-private of Triumph Group ("Triumph"). Triumph is a leading aerospace and defense company that designs, engineers, manufactures, and services aircraft components and systems.
SolarWinds - Starlight Parent, LLC
The Company purchased a portion of a second lien term loan backing the take-private of SolarWinds ("SolarWinds"). SolarWinds is a leading provider of IT management and observability software.
Gallo Mechanical - Glow Intermediate Holdings II, LLC
The Company committed to a senior secured credit facility backing the acquisition of Gallo Mechanical ("Gallo Mechanical"). Gallo Mechanical is a specialty mechanical contractor providing large-scale HVAC and plumbing installation and services.
Dental365 - Premier Care Dental Management, LLC
The Company committed to the upsize of a senior secured credit facility for Dental365 ("Dental365") to fund tuck-in acquisitions and organic growth initiatives. Dental365 is a dental services organization operating an integrated network of branded general and specialty practices across the northeastern United States.
Highstreet Insurance Partners - High Street Buyer, Inc.
The Company committed to the upsize of a senior secured credit facility for Highstreet Insurance Partners ("Highstreet") to fund tuck-in acquisitions and organic growth initiatives. Highstreet is a top 25 insurance brokerage firm in the United States.
AGS Health - AGS Health BCP Holdings, Inc., AGS Health BCP LLC
The Company committed to a senior secured credit facility backing the acquisition of AGS Health ("AGS"). AGS is a scaled provider of outsourced revenue cycle management solutions to healthcare providers in the United States.
Flexera - Flexera Software LLC
The Company committed to a senior secured credit facility for Flexera ("Flexera") to refinance existing debt and fund a shareholder distribution. Flexera provides software solutions that help enterprises manage and optimize technology assets, ensuring compliance and cost efficiency.
Keystone Agency Partners - Koala Investment Holdings, Inc.
The Company committed to a senior secured credit facility backing the acquisition of Keystone Agency Partners ("Keystone"). Keystone is a retail insurance brokerage platform built around the Keystone Network.
The information included in this Item 7.01 of this Current Report on Form 8-K is being furnished. As such, the information contained herein shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference into a filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.