On November 18, 2020, Alpine Funding LLC (Alpine), Sierra Income Corporation's (the Company) wholly owned, special purpose financing subsidiary, entered into Amendment No. 1 to its existing Amended and Restated Loan Agreement (the Amendment), with SIC Advisors LLC, the financing providers party thereto, Citibank, N.A., as collateral agent and securities intermediary, Virtus Group, LP, as collateral administrator and JPMorgan Chase Bank, National Association, as administrative agent. The Amendment amends certain provisions of the Company's Amended and Restated Loan Agreement (the Loan Agreement). The Loan Agreement was amended to, among other things, (i) extend the reinvestment period from December 29, 2020 to May 18, 2021, (ii) increase the applicable margin for advances from 2.85% to 3.10% per annum, (iii) reduce the amount of maximum borrowings in an aggregate principal amount from $300,000,000 to $180,000,000 on a committed basis, (iv) require the Company to maintain a minimum a cash balance of $20,000,000 in Alpine, and (v) decrease the compliance condition for net advances from 55% to 52.5% of net asset value. The maturity date under the Loan Agreement did not change and therefore any amounts borrowed, as well as all accrued and unpaid interest thereunder, will be due and payable on March 29, 2022. In connection with the Amendment, the Company repaid $35,000,000 of the outstanding balance under the Loan Agreement on November 18, 2020, reducing the outstanding balance from $180,000,000 to $145,000,000.