UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
On October 18, 2024, the Company entered into a credit agreement (the “Agreement”) between Steele Creek Capital Funding II LLC (the “Borrower”), Steele Creek Invest Management LLC, Bank of America, N.A. (the “Lender”), U.S. Bank Trust Company National Association, U.S Bank National Association and the Company. Under the Agreement the Borrower could borrow up to $130,000,000 in the form of revolving credit facility and letters of commitment secured by loans and other assets. The Agreement is attached as Exhibit 1 to this report and is incorporated herein by reference.
Item 1.02 Termination of a Material Definitive Agreement.
On October 18, 2024, the Company terminated the credit agreement between Steele Creek Capital Funding I, LLC, BNP Paribas, and the Company as dated October 13, 2020 (the "SCCF I Agreement"). Under the SCCF I Agreement Steele Creek Capital Funding I LLC could borrow up to $95,000,000 under an uncommitted revolving line of credit, subject to the calculation and limitation of a borrowing base. The SCCF I Agreement was amended from time to time as contained in Item 1.01 of the Form 8-K filed with the SEC by the Company on November 5, 2021, January 24, 2022, and March 23, 2022. The Company terminated the SCCF I Agreement in connection with its entry into a new credit facility with Bank of America, N.A.
As of the date of termination, the Company has entered into a Payoff and Termination Letter to reconcile any borrowings outstanding under the SCCF I Agreement. The Company did not incur any early termination penalties in connection with the termination of the SCCF I Agreement.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | Description | |
| 1 | Credit Agreement, dated as of October 18, 2024 by and among the Company, Steele Creek Capital Funding II LLC, Steele Creek Invest Management LLC, Bank of America, N.A., U.S. Bank Trust Company National Association and U.S Bank National Association | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Steele Creek Capital Corporation | ||
| By: | /s/ Douglas S. Applegate, Jr. | |
| Name: | Douglas S. Applegate, Jr. | |
| Title: | Chief Financial Officer | |
October 22, 2024
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