Palmer Square Capital BDC Inc. Enters Material Agreement

TL;DR

Palmer Square BDC signed a new material agreement on 3/29, expect financial updates.

AI Summary

Palmer Square Capital BDC Inc. entered into a material definitive agreement on March 29, 2024. This agreement involves a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for Palmer Square Capital BDC Inc., which could impact its future financial obligations and operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.

Key Players & Entities

• Palmer Square Capital BDC Inc. (company) — Registrant
• March 29, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share PSBD New York Stock Excha
• $3.6 million — commitments under the Credit Facility ($3.6 million). The description above is only a sum

Filing Documents

• ea0203264-8k_palmer.htm (8-K) — 40KB
• ea020326401ex10-1_palmer.htm (EX-10.1) — 82KB
• 0001213900-24-030411.txt ( ) — 304KB
• psbd-20240329.xsd (EX-101.SCH) — 3KB
• psbd-20240329_lab.xml (EX-101.LAB) — 33KB
• psbd-20240329_pre.xml (EX-101.PRE) — 22KB
• ea0203264-8k_palmer_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On March 29, 2024, Palmer Square BDC Funding I LLC, a wholly owned subsidiary of Palmer Square Capital BDC Inc. (the "Company"), entered into Amendment No. 4 (the "Credit Facility Amendment") to its credit facility (the "Credit Facility") with Bank of America, N.A., as administrative agent, BofA Securities, Inc., as sole lead arranger and sole book manager, and the lenders from time to time a party thereto. The Credit Facility Amendment amends the Credit Facility to, among other things, extend the facility maturity date from February 18, 2025 to February 18, 2028. In connection with the Credit Facility Amendment, the parties also entered into updated arrangements for the calculation of the fee on unused commitments, in which the commitment fee ranges from 0.50% to 1.40% (changed from 1.30%), depending on the amount of commitments which are utilized. The parties also agreed to the payment of an extension fee in the amount of 0.50% of the commitments under the Credit Facility ($3.6 million). The description above is only a summary of the material provisions of the Credit Facility Amendment and is qualified in its entirety by reference to a copy of the Credit Facility Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant. The information contained in Item 1.01 of this current report on Form 8-K is incorporated by reference in this Item 2.03.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 10.1 Amendment No. 4 to Credit Agreement, dated March 29, 2024, by and among Palmer Square BDC Funding I LLC, as the borrower, Bank of America, N.A., as administrative agent, BofA Securities, Inc., as sole lead arranger and sole book manager, and the lenders from time to time a party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Palmer Square Capital BDC Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PALMER SQUARE CAPITAL BDC INC. Date: April 4, 2024 By: /s/ Jeffrey D. Fox Name: Jeffrey D. Fox Title: Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR