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):
(Exact name of Registrant as specified in its charter)
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Not Applicable
(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:
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)) |
Securities registered pursuant to Section 12(b) of the Act: None
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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.
Item 1.01. Entry into a Material Definitive Agreement.
On January 14, 2025, Diameter Credit Company Holdings LLC (“DCC Holdings”), a wholly owned subsidiary of Diameter Credit Company, a Delaware statutory trust (the “Company”), entered into Amendment No. 2 (“Amendment No. 2”) to its Credit and Security Agreement (as amended, restated or otherwise modified from time to time, including pursuant to the Amendment No. 1 to Credit and Security Agreement, dated as of May 22, 2024, the “Secured Credit Facility”), dated as of January 10, 2024, by and among DCC Holdings, as borrower, the Company, in its capacity as collateral manager and in its capacity as equity holder, the lenders from time to time parties thereto, Citibank, N.A., as administrative agent, Citibank, N.A. (acting through its Agency and Trust division), as collateral agent and custodian, and Siepe, LLC, as collateral administrator.
Amendment No. 2 amends the Secured Credit Facility to, among other things, (i) reduce the interest rate charged under the Secured Credit Facility to (x) prior to the Commitment Termination Date, the applicable reference rate plus a spread of 2.20% and (y) following the Commitment Termination Date, the applicable reference rate plus a spread of 2.70%, (ii) increase the maximum commitment to $300,000,000 and (iii) amend the accordion provision to permit increases to the maximum commitment up to an aggregate amount of $500,000,000.
The foregoing description of Amendment No. 2 to the Secured Credit Facility does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 2 to the Secured Credit Facility, filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
Exhibit Number |
Description |
10.1 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
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DIAMETER CREDIT COMPANY |
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Date: January 21, 2025 |
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By: |
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/s/ Vishal Sheth |
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Name: |
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Vishal Sheth |
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Title: |
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Chief Financial Officer |