26North BDC Enters Material Definitive Agreement
| Field | Detail |
|---|---|
| Company | 26north Bdc, Inc. |
| Form Type | 8-K |
| Filed Date | Sep 11, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $250 million, $450 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
26North BDC just signed a big deal, creating a new financial obligation.
AI Summary
On September 5, 2025, 26North BDC, Inc. entered into a material definitive agreement, creating a direct financial obligation. The company, incorporated in Maryland with its principal executive offices in New York, filed this 8-K report to disclose this event.
Why It Matters
This filing indicates a significant new financial commitment or obligation for 26North BDC, Inc., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to debt, performance, or market conditions.
Key Numbers
- 0001950976 — Central Index Key (Unique identifier for 26North BDC, Inc.)
- 212-224-0626 — Business Phone (Contact number for 26North BDC, Inc.)
Key Players & Entities
- 26North BDC, Inc. (company) — Registrant
- September 05, 2025 (date) — Date of earliest event reported
- 600 Madison Avenue 26th Floor New York, New York 10022 (address) — Principal Executive Offices
- Maryland (jurisdiction) — State of Incorporation
FAQ
What type of material definitive agreement did 26North BDC, Inc. enter into?
The filing states that 26North BDC, Inc. entered into a 'Material Definitive Agreement' and created a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant', but the specific details of the agreement are not provided in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on September 05, 2025.
Where are the principal executive offices of 26North BDC, Inc. located?
The principal executive offices of 26North BDC, Inc. are located at 600 Madison Avenue, 26th Floor, New York, New York 10022.
Under which state was 26North BDC, Inc. incorporated?
26North BDC, Inc. was incorporated in Maryland.
What is the SEC file number for 26North BDC, Inc.?
The SEC file number for 26North BDC, Inc. is 814-01665.
Filing Stats: 672 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2025-09-11 16:00:29
Key Financial Figures
- $250 million — l Financing Commitments thereunder from $250 million to $450 million, (ii) extend the schedu
- $450 m — itments thereunder from $250 million to $450 million, (ii) extend the scheduled termin
Filing Documents
- none-20250905.htm (8-K) — 48KB
- none-ex10_1.htm (EX-10.1) — 1069KB
- 0001193125-25-201296.txt ( ) — 1365KB
- none-20250905.xsd (EX-101.SCH) — 26KB
- none-20250905_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 5, 2025, the Company entered into Amendment No. 1 ("Amendment No. 1") to that certain Loan and Security Agreement, dated as of February 7, 2025, by and among 26North BDC, Inc. (the "Company"), as borrower, 26North Direct Lending LP, as portfolio manager, the lenders party thereto, and JPMorgan Chase Bank, National Association, as administrative agent (the "Subscription Facility"). Amendment No. 1 amended certain terms of the Subscription Facility, including, but not limited to, amendments to (i) increase the total Financing Commitments thereunder from $250 million to $450 million, (ii) extend the scheduled termination date thereof to September 4, 2026 and (iii) modify the interest charged on advances to a rate based on SOFR, SONIA, SARON, EURIBOR or CORRA, as applicable (or, if SOFR is not available, a benchmark replacement or a "base rate" (which is the greater of the prime rate and the federal funds rate plus 0.50%), as applicable), plus a margin of 1.80% per annum. Capitalized terms used but not defined in this Item 1.01 shall have the meanings given to them in the Subscription Facility. The description above is only a summary of the material provisions of Amendment No. 1 and is qualified in its entirety by reference to the full text of such agreement, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated by reference herein. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Amendment No. 1 to the Loan and Security Agreement, dated as of February 7, 2025, by and among 26North BDC, Inc., as Borrower, 26North Direct Lending LP, as Portfolio Manager, the Lenders party thereto and JPMorgan Chase Bank, National Association, as Administrative Agent. 104 Cover Page Interactive Data File
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. 26North BDC, Inc. Date: September 11, 2025 By: /s/ Jonathan Landsberg Jonathan Landsberg Chief Financial Officer and Treasurer