DEMA0001899017false 0001899017 2024-03-22 2024-03-22 0001899017 cik0001899017:NewRevolvingCreditFacilityMember 2024-03-22 2024-03-22 0001899017 cik0001899017:AccordionFeatureInTheRevolvingCreditFacilityMember 2024-03-22 2024-03-22 iso4217:USD
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM
8-K
 
 
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 22, 2024
 
 
BAIN CAPITAL PRIVATE CREDIT
(Exact name of Registrant as Specified in Its Charter)
 
 
 
DELAWARE
 
814-01474
 
87-6984749
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
200 CLARENDON STREET, 37
TH
FLOOR
, BOSTON,
MA
 
02116
(Address of Principal Executive Offices)
 
(Zip Code)
Registrant’s telephone number, including area code: (617) 516-2000
N/A
(Former Name or Former Address, if Changed Since Last Report)
 
 
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
 
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 
Securities registered pursuant to Section 12(b) of the Act: None
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange
on which registered
   
 
 
 

Item 1.01.
Entry into a Material Definitive Agreement
On March 22, 2024, BCPC I, LLC (the “Borrower”) entered into a New Commitment Request (the “New Commitment Request”) among the Borrower, and Goldman Sachs Bank USA, as administrative agent and lender, pursuant to that certain Credit Agreement, dated as of November 29, 2023 (as amended, supplemented or otherwise modified, the “Revolving Credit Facility”), among the Borrower, as borrower, Bain Capital Private Credit (the “Fund”), as equity holder, the lenders from time to time party thereto, Goldman Sachs Bank USA, as administrative agent and syndication agent, and Computershare Trust Company, N.A., as collateral administrator, collateral agent and collateral custodian.
The New Commitment Request provides for an increase in the aggregate commitments of the lenders under the Revolving Credit Facility from $150,000,000 to $175,000,000 through the accordion feature in the Revolving Credit Facility. The accordion feature in the Revolving Credit Facility allows the Fund, under certain circumstances, to increase the total size of the facility to a maximum of $250,000,000.
The description above is only a summary of the material provisions of the New Commitment Request and is qualified in its entirety by reference to a copy of the New Commitment Request, which is filed as Exhibit 10.1 to this Current Report on Form
8-K
and incorporated by reference herein.
 
Item 2.03.
Creation of Direct Financial Obligation or an Obligation Under an
Off-Balance
Sheet Arrangement of a Registrant
The information included under Item 1.01 above regarding the New Commitment Request and the Revolving Credit Facility is incorporated by reference into this Item 2.03.
 
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
 
10.1*    New Commitment Request dated March 22, 2024 by and among BCPC I, LLC, as borrower, and Goldman Sachs Bank USA, as administrative agent and lender.
104    Cover page interactive data file (formatted as Inline XBRL)
 
*
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.
 
2

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Bain Capital Private Credit has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
   
BAIN CAPITAL PRIVATE CREDIT
Date: March 27, 2024     By:  
/s/ Jessica Yeager
    Name:   Jessica Yeager
    Title:   Secretary