Item 1.01. Entry into a Material Definitive Agreement
On
• increased the size of the OSI2 Citibank Facility from$250 million to$400 million ; • extended the reinvestment period fromMay 26, 2023 toMay 25, 2025 ; • extended the final maturity date fromJanuary 26, 2025 toJanuary 26, 2027 ; • modified the interest rate such that borrowings during the reinvestment period are subject to a rate equal to (A) in the case of a lender that is identified as a conduit lender, the lesser of (I) the applicable commercial paper rate for such conduit lender and (II) the Secured Overnight Financing Rate ("SOFR") plus 2.00% per annum on broadly syndicated loans and 2.75% per annum on all other eligible loans and (B) for all other lenders, SOFR plus 2.00% per annum on broadly syndicated loans and 2.75% per annum on all other eligible loans, in all cases subject to a minimum overall rate of SOFR plus 2.50% per annum; and • modified the interest rate such that borrowings after the reinvestment period are subject to an applicable spread of 4.00% per annum.
The description above is only a summary of the material provisions of the Amendment is qualified in its entirety by reference to copy of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 1.02. Termination of a Material Definitive Agreement.
In connection with entry into the Amendment, the Company repaid all outstanding
borrowings under its revolving credit facility (as amended and/or restated from
time to time, the "Citibank Facility") with
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
1.1 Sixth Amendment to Loan and Security Agreement, dated as ofMay 25, 2023 , by and among the Registrant, OSI 2Senior Lending SPV, LLC , andCitibank, N.A . 104 Cover Page Interactive Data File (embedded within the inline XBRL document) 1
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