10/15/2026 | Press release | Distributed by Public on 10/15/2026 13:05
| Item 1.01. |
Entry into a Material Definitive Agreement. |
On October 12, 2026, Silver Point Private Credit Fund (the "Fund") provided notice to U.S. Bancorp Fund Services, LLC (the "Previous Sub-Administrator") that the Fund will terminate the Master Servicing Agreement (the "Previous Sub-Administration Agreement") between the Fund and the Previous Sub-Administrator pursuant to its terms. Pursuant to the Previous Sub-Administration Agreement, the Previous Sub-Administrator provides certain administrative and professional services to the Fund for which Silver Point Private Credit Fund Management, LLC (the "Adviser") is primarily responsible under the investment advisory agreement between the Adviser and the Fund. The Previous Sub-Administration Agreement will be terminated effective December 31, 2026.
On October 12, 2026, the Fund entered into a Sub-Administrative Services Agreement (the "New Sub-Administration Agreement") among the Fund, the Adviser and HS Financial Technologies Corporation (the "New Sub-Administrator"). Under the New Sub-Administration Agreement, effective January 1, 2027, the New Sub-Administrator will provide certain administrative and professional services to the Fund, which are substantially similar to the services provided by the Previous Sub-Administrator under the Previous Sub-Administration Agreement, for which the Adviser is primarily responsible pursuant to the investment advisory agreement between the Fund and the Adviser. Pursuant to the New Sub-Administration Agreement, the Fund will pay the New Sub-Administrator a monthly service fee. The New Sub-Administration Agreement will have an initial term of one-year and will automatically renew for successive one-year periods thereafter. The New Sub-Administration Agreement may be terminated by the Fund upon at least sixty days' notice to the New Sub-Administrator or by the New Sub-Administrator upon at least 180 days' notice to the Fund.
The description above is only a summary of the material provisions of the New Sub-Administration Agreement and is qualified in its entirety by reference to the provisions of the New Sub-Administration Agreement, a copy of which is attached hereto as Exhibit 10.1.
| Item 1.02. |
Termination of a Material Definitive Agreement. |
The relevant information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.