11/27/2024 | Press release | Distributed by Public on 11/27/2024 15:23
Item 1.01 - Entry into a Material Definitive Agreement.
On November 25, 2024, in connection with the Senior Secured Revolving Credit Agreement, dated as of April 6, 2023 (as amended, supplemented and/or otherwise modified and in effect from time to time, the "Truist Revolving Credit Facility"), by and among Goldman Sachs Private Credit Corp. (the "Company"), as borrower, the lenders and issuing banks from time to time party thereto, and Truist Bank, as administrative agent, the Company exercised its right pursuant to the terms of the Truist Revolving Credit Facility to request a Commitment Increase and U.S. Bank National Association agreed to participate in an increase of the Dollar Commitments from $35 million to $60 million. As a result, the total Commitments under the Truist Revolving Credit Facility increased from $1,230 million to $1,255 million. Pursuant to the accordion feature in the Truist Revolving Credit Facility, the aggregate amount of all Commitments thereunder may be further increased up to $1,770 million. Capitalized terms used but not defined herein have the meanings ascribed thereto in the Truist Revolving Credit Facility.
The foregoing description is only a summary of the material provisions of the commitment increase request (the "Commitment Increase Request") and is qualified in its entirety by reference to a copy of the Commitment Increase Request, which is filed as Exhibit 10.1 to this Current Report on Form 8-Kand incorporated by reference herein.