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 May 22, 2024, 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. 1 (“Amendment No. 1”) to its Credit and Security Agreement (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. 1 amends the Secured Credit Facility to, among other things, modify the interest rate charged under the Secured Credit Facility. Advances made under the Secured Credit Facility will, prior to the Commitment Termination Date, bear interest at the applicable reference rate plus a spread of 2.50% and, following the Commitment Termination Date, bear interest at the applicable reference rate plus a spread of 3.00%.
The foregoing description of Amendment No. 1 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. 1 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:
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.
| DIAMETER CREDIT COMPANY | ||||||
| Date: May 29, 2024 | By: | /s/ Shailini Rao | ||||
| Name: | Shailini Rao | |||||
| Title: | General Counsel and Chief Compliance Officer | |||||