Item 1.01. Entry into a Material Definitive Agreement.
On March 28, 2016, Crescent Capital BDC Funding, LLC ("CCAP SPV"), a Delaware
limited liability company and Crescent Capital BDC, Inc.'s ("Crescent BDC's")
wholly owned and consolidated subsidiary, entered into a loan and security
agreement (as amended from time to time, the "SPV Asset Facility") with Crescent
BDC as the collateral manager, seller and equity holder, CCAP SPV as the
borrower, and Wells Fargo Bank, National Association ("Wells Fargo"), as
administrative agent, collateral agent, and lender.
On March 10, 2020, Crescent BDC, CCAP SPV and Wells Fargo entered into a fourth
amendment (the "Amendment") to the SPV Asset Facility. The Amendment, among
other things, (i) increases the lender's commitment under the Agreement by
$100,000,000 to $350,000,000, and (ii) extends the final maturity date from
September 28, 2023 to March 10, 2025.
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 Exhibit 10.1 and is
incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
10.1 Conformed Loan and Security Agreement (through Amendment No. 4)
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