UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. | Entry into a Material Definitive Agreement |
On March 6, 2025 (the “Third Amendment Closing Date”), AP Leaf, LLC (“AP Leaf”), a wholly owned subsidiary of Middle Market Apollo Institutional Private Lending, a Delaware statutory trust (the “Company”), entered into the Third Amendment to Loan and Security Agreement (“Third Amendment”) to its Loan and Security Agreement (the “Secured Credit Facility”), dated as of December 20, 2023, by and among AP Leaf, as borrower, the Company, in its capacity as collateral manager and in its capacity as equityholder, the lenders from time to time party thereto, Wells Fargo, National Association, as administrative agent for the Secured Parties, and Computershare Trust Company, N.A., in its capacity as collateral agent and in its capacity as trustee. Capitalized terms used but not otherwise defined herein have the meanings given to them in the Third Amendment.
The Third Amendment amends the Secured Credit Facility to, among other things, (i) increase the Facility Amount to $750,000,000, (ii) reduce the spread to 2.05% per annum, (iii) extend the Reinvestment Period to the three years after the Third Amendment Closing Date and (iv) extend the Facility Maturity Date to five years after the Third Amendment Closing Date.
The foregoing summary description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the Third Amendment, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
The information set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
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.
MIDDLE MARKET APOLLO INSTITUTIONAL PRIVATE LENDING | ||||||
Date: March 11, 2025 | ||||||
By: | /s/ Kristin Hester | |||||
Name: | Kristin Hester | |||||
Title: | Chief Legal Officer, Secretary and Vice President |