AMG Comvest Senior Lending Fund Files 2024 10-K
| Field | Detail |
|---|---|
| Company | Amg Comvest Senior Lending Fund |
| Form Type | 10-K |
| Filed Date | Mar 20, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, BDC, senior-lending, debt-investments
TL;DR
AMG Comvest Senior Lending Fund's 2024 10-K is out. Check out their loans to Hasa Acquisition & Rails International.
AI Summary
AMG Comvest Senior Lending Fund filed its 2024 10-K on March 20, 2025, reporting on its fiscal year ending December 31, 2024. The fund, formerly known as Comvest Credit Partners BDC Fund, L.P., is incorporated in Delaware and headquartered in West Palm Beach, Florida. Key investments include a term loan with Hasa Acquisition, LLC, bearing an interest rate of 9.07% and maturing on January 10, 2029, and a revolving credit line with Rails International, LLC, at 10.62% interest, maturing on December 20, 2029.
Why It Matters
This filing provides investors with a comprehensive overview of the fund's financial performance, investment portfolio, and risk factors for the fiscal year 2024, crucial for assessing its current and future value.
Risk Assessment
Risk Level: medium — The fund's risk level is medium due to its investment in senior secured loans, which carry interest rate and credit risks, as indicated by the SOFR-based rates and maturity dates.
Key Numbers
- 9.07% — Interest Rate (Hasa Acquisition, LLC Term Loan)
- 10.62% — Interest Rate (Rails International, LLC Revolving Credit Line)
- 2029 — Maturity Year (Both Hasa Acquisition, LLC and Rails International, LLC loans)
- 20241231 — Fiscal Year End (Reporting Period)
- 20250320 — Filing Date (Date of 10-K Submission)
Key Players & Entities
- AMG Comvest Senior Lending Fund (company) — Filer
- Comvest Credit Partners BDC Fund, L.P. (company) — Former Company Name
- Hasa Acquisition, LLC (company) — Borrower
- Rails International, LLC (company) — Borrower
- 360 S. ROSEMARY AVENUE, SUITE 1700 (location) — Business and Mail Address
- WEST PALM BEACH, FL (location) — City, State of Business Address
- 9.07% (dollar_amount) — Interest Rate for Hasa Acquisition, LLC loan
- 10.62% (dollar_amount) — Interest Rate for Rails International, LLC loan
- 1/10/2029 (date) — Maturity Date for Hasa Acquisition, LLC loan
- 12/20/2029 (date) — Maturity Date for Rails International, LLC loan
FAQ
What is the primary business of AMG Comvest Senior Lending Fund?
AMG Comvest Senior Lending Fund is a Business Development Company (BDC) that primarily invests in senior secured loans.
What was the former name of AMG Comvest Senior Lending Fund?
The former name of AMG Comvest Senior Lending Fund was Comvest Credit Partners BDC Fund, L.P., with a name change effective July 25, 2023.
What are the terms of the term loan with Hasa Acquisition, LLC?
The term loan with Hasa Acquisition, LLC is a First Lien Senior Secured loan with an interest rate of SOFR + 4.50% (9.07% as of 2024-12-31) and a maturity date of January 10, 2029.
What are the terms of the revolving credit line with Rails International, LLC?
The revolving credit line with Rails International, LLC is a First Lien Senior Secured facility with an interest rate of SOFR + 6.25% (10.62% as of 2024-12-31) and a maturity date of December 20, 2029.
When did the fund file its 10-K for the fiscal year ending December 31, 2024?
The fund filed its 10-K for the fiscal year ending December 31, 2024, on March 20, 2025.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 20, 2025 regarding AMG Comvest Senior Lending Fund.