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BUSINESS DEVELOPMENT CORP OF AMERICA : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

04/08/2021 | 04:39pm EDT

Item 1.01 Entry into a Material Definitive Agreement.

On April 6, 2021, Business Development Corporation of America (the "Corporation"), through a wholly-owned, consolidated special purpose financing subsidiary, BDCA Funding I, LLC, entered into an amendment (the "Amendment") to its Loan and Servicing Agreement, dated as of August 28, 2020 (the "Credit Facility"), with the Corporation, as the servicer, Wells Fargo Bank, National Association, as the administrative agent, and U.S. Bank as collateral agent, account bank and collateral custodian.

The Amendment temporarily reduces the commitment fee for any unused portion of the Credit Facility until September 30, 2021. The other material terms of the Credit Facility were unchanged.

The foregoing description of the Amendment as set forth in this Item 1.01 is a summary only and is qualified in all respects by the provisions of the Amendment, a copy of which is attached hereto as Exhibits 10.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

  10.1      Amendment No. 1 to Loan and Servicing Agreement, dated as of April 6,
          2021, by and among BDCA Funding I, LLC, the Corporation, Wells Fargo
          Bank, National Association, each of the Lenders and Lender Agents party
          thereto and U.S. Bank National Association (filed herewith).

© Edgar Online, source Glimpses

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