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):
April 3, 2025 (
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Item 1.01. Entry into a Material Definitive Agreement.
Effective as of March 28, 2025, BCCI SPV-2, LLC (“BCCI SPV”), a wholly owned subsidiary of Brightwood Capital Corporation I (the “Corporation”) entered into the Second Amendment (the “Second 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, U.S. Bank Trust Company, National Association, as custodian (the “LSA”).
The Second Amendment amends the LSA to (i) increase the aggregate commitment available under the LSA from $100,000,000 to $150,000,000, (ii) provide for a Joinder Supplement to include four additional lenders, (iii) provide for supplemental quarterly reporting information with respect to the Corporation and (iv) modify certain material amendment and waiver provisions to require, in such cases, the written consent of all lenders.
The description above is only a summary of the material provisions of the Second Amendment and the LSA and is qualified in its entirety by reference to copies of the Second Amendment, which is filed as Exhibit 10.1 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
| 10.1 | Second Amendment to Loan and Servicing Agreement, dated as of March 28, 2025, by and among BCCI SPV-2, LLC, as Borrower, Brightwood SPV Advisors, LLC, as Collateral Manager, Webster Bank, N.A., as Swing Lender, Webster Bank, N.A., as Agent and each of the other lenders party thereto. |
| 104 | Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit) |
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: April 3, 2025 | By: | /s/ Martina Brosnahan |
| Name: | Martina Brosnahan | |
| Title: | Secretary | |