04/01/2025 | Press release | Distributed by Public on 04/01/2025 06:36
Item 1.01 |
Entry into a Material Definitive Agreement |
On March 27, 2025 (the "Closing Date"), AMG Comvest Senior Lending Fund LL1 SPV, LLC, (the "Borrower"), a Delaware limited liability company and subsidiary of AMG Comvest Senior Lending Fund, a Delaware statutory trust (the "Company," "our" or "us"), entered into a First Amendment to Loan and Servicing Agreement (the "Amendment"), with the Borrower, the Company, Sumitomo Mitsui Banking Corporation, as a lender, Webster Bank, N.A., as a lender, Sumitomo Mitsui Banking Corporation, as administrative agent (the "Administrative Agent") and collateral agent (the "Collateral Agent") and Western Alliance Trust Company, N.A., as account bank (the "Account Bank"), collateral custodian (the "Collateral Custodian") and collateral administrator (the "Collateral Administrator").
The Amendment amends the Loan and Servicing Agreement, dated as of July 16, 2024 (the "Facility Agreement"), among the Borrower, the Company, the lenders from time to time party thereto, the Administrative Agent, the Collateral Agent, the Account Bank, the Collateral Custodian and the Collateral Administrator.
The Amendment provides for the following changes to the Facility Agreement: (a) an increase of the commitments under the facility by $100,000,000, (b) the addition of a new lender, namely Webster Bank, N.A., (c) a reduction of the spread on the outstanding advances and (d) the addition of recurring revenue loans in the portfolio.
The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to the copy of the Amendment which is filed as Exhibit 10.1 to this current report on Form 8-Kand is incorporated herein by reference thereto.
Item 2.03. |
Creation of a Direct Financial Obligation or an Obligation under an Off-BalanceSheet Arrangement of a Registrant. |
The disclosure set forth above under Item 1.01 of this Current Report on Form 8-Kis incorporated by reference herein.