06/12/2025 | Press release | Distributed by Public on 06/12/2025 14:31
Item 1.01 - Entry into a Material Definitive Agreement.
On June 9, 2025 (the "Second Amendment Date"), Goldman Sachs Private Middle Market Credit SPV II LLC ("SPV II"), a wholly owned subsidiary of Silver Capital Holdings LLC (the "Company"), entered into the second amendment (the "Second Amendment") to the Loan and Security Agreement, dated as of October 25, 2024 (as otherwise amended, supplemented or otherwise modified in effect from time to time, including by the Second Amendment), by and among SPV II, as borrower, the Company, as the parent and portfolio manager, the lenders party thereto (the "Lenders"), JPMorgan Chase Bank, National Association, as administrative agent (in such capacity, the "Administrative Agent"), and State Street Bank and Trust Company, as collateral agent, securities intermediary and collateral administrator.
The Second Amendment provides for, among other things, (i) an increase in the aggregate facility commitments from $240,000,000 to $290,000,000, (ii) a reinvestment period commencing June 9, 2025 and ending on October 25, 2026 or such earlier date in accordance with the terms of the Second Amendment, during which SPV II may make and prepay borrowings under the facility, in an amount not to exceed the difference of the aggregate facility commitments and the principal amount of advances drawn and unpaid as of the Second Amendment Date, to fund its obligations with respect to unfunded commitments under specified portfolio investments and (iii) the payment by SPV II of a commitment fee accruing at 0.50% per annumon the average daily unused amount of the facility commitments in connection with the foregoing to the Administrative Agent for the ratable benefit of the Lenders.
The foregoing description is only a summary of the material provisions of the Second Amendment and is qualified in its entirety by reference to a copy of the Second Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-Kand incorporated by reference herein.
Item 2.03 - Creation of a Direct Financial Obligation or an Obligation under an Off-BalanceSheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.