Audax Credit BDC Inc.

10/07/2024 | Press release | Distributed by Public on 10/07/2024 11:17

Material Agreement Form 8 K

Item 1.01. Entry into a Material Definitive Agreement

Effective October 1, 2024, Audax Credit BDC Inc. (the "Company") entered into a subscription agreement (the "Subscription Agreement") with Mercer Audax Credit Feeder Fund LP, the Company's controlling shareholder (the "Investor"), pursuant to which the Investor has made a capital commitment in respect of the Company's common stock, par value $0.001 per share (the "Common Stock"), in an amount equal to $66.0 million. In accordance with the Subscription Agreement, the Company may issue Common Stock to the Investor in one or more private placements of up to $66.0 million at a price of the net asset value per share of Common Stock at the time of one or more drawdowns pursuant to the Subscription Agreement.