Guggenheim Trust Files 8-K on Agreement Changes

TL;DR

Guggenheim Trust 8-K: Material agreement entered and terminated as of Oct 11.

AI Summary

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust filed an 8-K on October 16, 2024, reporting events as of October 11, 2024. The filing indicates both the entry into and termination of a material definitive agreement, along with financial statements and exhibits. The company was formerly known as Guggenheim Taxable Municipal Managed Duration Trust and Guggenheim Build America Bonds Managed Duration Trust.

Why It Matters

This filing signals significant changes in contractual agreements for the Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust, which could impact its operations and investment strategies.

Risk Assessment

Risk Level: medium — The simultaneous entry and termination of a material definitive agreement suggests potential instability or significant strategic shifts within the trust.

Key Players & Entities

• Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (company) — Registrant
• October 11, 2024 (date) — Date of earliest event reported
• October 16, 2024 (date) — Filing date
• Guggenheim Taxable Municipal Managed Duration Trust (company) — Former company name
• Guggenheim Build America Bonds Managed Duration Trust (company) — Former company name

FAQ

Key Financial Figures

• $0.01 — Common Shares of Beneficial Interest, $0.01 par value GBAB New York Stock Excha
• $100 million — h BofA allows the Trust to borrow up to $100 million initially, subject to certain restricti
• $100 m — Subject to an initial facility limit of $100 million, the amount of permissible borrow

Filing Documents

• gug88147-8k.htm (8-K) — 36KB
• ex101.htm (EX-99) — 281KB
• 0001821268-24-000283.txt ( ) — 491KB
• gbab-20241011.xsd (EX-101.SCH) — 3KB
• gbab-20241011_lab.xml (EX-101.LAB) — 34KB
• gbab-20241011_pre.xml (EX-101.PRE) — 22KB
• gug88147-8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive

Item 1.01. Entry into a Material Definitive Agreement Entry into BofA Credit Facility On October 11, 2024, Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB) (the "Trust"), a Delaware statutory trust, entered into a Margin Loan and Security Agreement, dated October 11, 2024, between the Trust, as borrower, and Bank of America, N.A., as lender ("BofA") (the "Facility Agreement" and, together with that certain account control agreement among the Trust, BofA and The Bank of New York Mellon Corp., the Trust's custodian (the "Custodian"), the "BofA Credit Facility"). The BofA Credit Facility is a committed credit facility through which BofA allows the Trust to borrow up to $100 million initially, subject to certain restrictions, including availability under a borrowing base, which is based upon the aggregate value of eligible securities less the amount of required margin for such eligible securities. Subject to an initial facility limit of $100 million, the amount of permissible borrowings under the BofA Credit Facility may be increased or decreased from time to time, subject to, among other things, the limitations of the Investment Company Act of 1940, as amended with respect to borrowings. The BofA Facility is secured by a perfected first-priority interest in certain assets of the Trust held in a segregated account established and maintained by the Custodian. The BofA Credit Facility will mature on the earlier of (A) the date that is (a) three hundred sixty (360) days after BofA provides written notice of its termination under the Facility Agreement or (b) thirty (30) days after the Trust provides written notice of its termination of the Facility Agreement or (B) the date on which BofA's commitment to make advances otherwise terminates pursuant to the terms of the Facility Agreement. Upon the occurrence of certain material events, including, but not limited to, when the borrowing base is less than the total accrued loan amount, or the in

02. Termination of a Material Definitive

Item 1.02. Termination of a Material Definitive Agreement Termination of SocGen Credit Facility On October 11, 2024, the Trust delivered notice of its intent to terminate in full, on November 20, 2024, the Credit Agreement, dated as of February 27, 2015, among the Trust, as borrower, Socit Gnrale ("SocGen"), as lender, and SocGen, as agent (the "SocGen Credit Agreement" and, together with that certain security agreement and collateral account control agreement among the Trust, the Custodian and SocGen, as applicable, the "SocGen Credit Facility"). The termination is in connection with the entrance by the Trust into the BofA Credit Facility, discussed herein. The SocGen Credit Facility will be terminated upon the satisfaction of all obligations of the Trust to SocGen as the lender thereunder (other than obligations that are expressed to survive termination), including, without limitation, payments of principal and interest, other fees, breakage costs and other amounts owing to SocGen, and pursuant to the terms of the SocGen Credit Agreement. The Trust will not undertake any borrowings under the BofA Credit Facility until the SocGen Credit Facility is terminated.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 10.1 Margin Loan and Security Agreement, dated October 11, 2024, by and among the Trust, as borrower, and BofA, as lender thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Guggenheim taxable municipal bond & iNVESTMENT gRADE dEBT tRUST Date: October 16, 2024 By: /s/ Mark E. Mathiasen Name: Mark E. Mathiasen Title: Secretary

View Full Filing

View this 8-K filing on SEC EDGAR