UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On March 3, 2025 (the “First Amendment Date”), SPCC Funding II LLC (“SPCC Funding II”), a Delaware limited liability company and wholly-owned subsidiary of Stone Point Credit Corporation, a Delaware corporation (the “Company”), entered into the First Amendment (the “First Credit Facility Amendment”) to its Credit Agreement (the “Secured Credit Facility”), dated as of August 14, 2023, by and among SPCC Funding II, as borrower, the lenders from time to time parties thereto, Goldman Sachs Bank USA, as administrative agent and as syndication agent, the Company, U.S. Bank Trust Company, National Association, as collateral agent and as collateral administrator, and U.S. Bank National Association, as collateral custodian.
The First Credit Facility Amendment, among other things, (i) reduces the spread to 2.00% per annum, (ii) extends the reinvestment period to three years after the First Amendment Date and (iii) extends the maturity date to five years after the First Amendment Date.
The description above is only a summary of the material provisions of the First Credit Facility Amendment and is qualified in its entirety by reference to a copy of the form of First Credit Facility Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The disclosure set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| * | Certain schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted schedules to the SEC upon its request. |
SIGNATURE
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.
| Stone Point Credit Corporation | ||
| Dated: March 6, 2025 | By: | /s/ Steven Henke |
| Name: | Steven Henke | |
| Title: | Chief Financial Officer | |