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
Date of Report (Date of earliest event reported):
March 14, 2025 (
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Item 1.01. Entry into a Material Definitive Agreement.
Effective as of March 10, 2025, BCC SPV-2, LLC (“BCCI SPV”), a wholly owned subsidiary of Brightwood Capital Corporation I (the “Corporation”) entered into the First Amendment (the “Amendment”) to the Loan and Servicing Agreement, dated as of October 11, 2024, among BCCI SPV, as borrower, Brightwood SPV Advisors, LLC, as collateral manager, each of the lenders from time to time party thereto, Webster Bank, N.A., as collateral agent, administrative agent and sole lead arranger, U.S. National Bank Association, as document custodian, and U.S. Bank Trust Company, National Association, as custodian (the “LSA”).
The Amendment amends the LSA to (i) increase the aggregate commitment available under the LSA from $75,000,000 to $100,000,000, (ii) provide for a $10,000,000 swingline facility and (iii) reduce the interest rate from Term SOFR plus 2.50% per annum to Term SOFR plus 2.40% per annum. The scheduled maturity date under the LSA is October 11, 2030.
The description above is only a summary of the material provisions of the First Amendment and the LSA and is qualified in its entirety by reference to copies of the First Amendment and LSA, which are filed as Exhibits 10.1 and 10.2 to this current report on Form 8-K.
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
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.
| Brightwood Capital Corporation I | ||
| Dated: March 14, 2025 | By: | /s/ Martina A. Brosnahan, Esq. |
| Name: | Martina A. Brosnahan, Esq. | |
| Title: | Secretary | |