Venture Lending & Leasing IX Terminates Material Agreement
| Field | Detail |
|---|---|
| Company | Venture Lending & Leasing Ix, Inc. |
| Form Type | 8-K |
| Filed Date | Sep 12, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $200,000,000, $350,000,000, $400,000,000, $270,000,000, $185,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement-termination, 8-k
TL;DR
Venture Lending & Leasing IX just terminated a major deal. Big changes ahead?
AI Summary
Venture Lending & Leasing IX, Inc. filed an 8-K on September 12, 2025, to report the termination of a material definitive agreement. The filing does not specify the counterparty or the exact nature of the agreement, but it is a significant event requiring disclosure.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future business relationships.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement often signals significant business or financial shifts that could pose risks.
Key Players & Entities
- Venture Lending & Leasing IX, Inc. (company) — Registrant
- September 8, 2025 (date) — Earliest event reported
- September 12, 2025 (date) — Filing date
- 104 La Mesa Drive, Suite 102, Portola Valley, CA 94028 (address) — Principal executive offices
FAQ
What specific material definitive agreement was terminated by Venture Lending & Leasing IX, Inc.?
The filing does not specify the name or details of the terminated material definitive agreement.
When was the termination of the material definitive agreement effective?
The filing reports the termination as an event that occurred on or before September 8, 2025.
What is the primary reason for the termination of this agreement?
The filing does not provide the reason for the termination of the material definitive agreement.
Does this termination have any immediate financial implications for Venture Lending & Leasing IX, Inc.?
The filing does not detail the immediate financial implications of the agreement's termination.
Who was the other party to the terminated material definitive agreement?
The filing does not disclose the identity of the other party involved in the terminated agreement.
Filing Stats: 811 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2025-09-12 11:32:32
Key Financial Figures
- $200,000,000 — facility in an initial amount of up to $200,000,000. On March 18, 2021, the Fund, along wi
- $350,000,000 — ) increased the size of the facility to $350,000,000, (ii) extended the term of the facility
- $400,000,000 — increase in the size of the facility to $400,000,000, (ii) replacement of the interest rate
- $270,000,000 — Rate Loan with an aggregate balance of $270,000,000 to a Daily Simple SOFR Rate Loan. On O
- $185,000,000 — decrease in the size of the facility to $185,000,000 with a scheduled reduction in commitmen
- $6,500,000 — , 2025, the Fund paid off the remaining $6,500,000 outstanding debt under the facility and
Filing Documents
- ef20055490_8k.htm (8-K) — 27KB
- 0001140361-25-034783.txt ( ) — 140KB
- vllix-20250908.xsd (EX-101.SCH) — 4KB
- vllix-20250908_lab.xml (EX-101.LAB) — 20KB
- vllix-20250908_pre.xml (EX-101.PRE) — 14KB
- ef20055490_8k_htm.xml (XML) — 4KB
02
Item 1.02 Termination of a Material Definitive Agreement As previously disclosed, on December 20, 2018, Venture Lending & Leasing IX, Inc. (the "Fund") and Venture Lending & Leasing IX, LLC (the "Parent") entered into a syndicated loan agreement (the "Loan and Security Agreement") led by MUFG Union Bank, N.A., Wells Fargo Securities, LLC, Wells Fargo Bank, N.A. and ING Capital, LLC, with participation from Zions Bancorporation, N.A. (FKA ZB, N.A.) DBA California Bank & Trust, Bank, Leumi USA, Umpqua Bank, HSBC Bank USA, N.A, and First Bank, that established a secured revolving loan facility in an initial amount of up to $200,000,000. On March 18, 2021, the Fund, along with the Parent and Venture Lending & Leasing IX Holdings, Inc. ("VLL Holdings") acting as guarantors of the facility, entered into an Amendment to the Loan and Security Agreement with lenders named therein that (i) increased the size of the facility to $350,000,000, (ii) extended the term of the facility, and (iii) established a benchmark replacement guideline (as so amended, the "Amended and Restated Loan and Security Agreement"). On May 17, 2022, the Fund, along with the Parent and VLL Holdings, acting as guarantors, entered into a First Amendment to the Amended and Restated Loan and Security Agreement (the "First Amendment") with lenders named therein. The First Amendment provides for, among other modifications (i) an increase in the size of the facility to $400,000,000, (ii) replacement of the interest rate benchmark from LIBOR to Secured Overnight Financing Rate ("SOFR"), and (iii) conversion of an existing LIBOR Market Index Rate Loan with an aggregate balance of $270,000,000 to a Daily Simple SOFR Rate Loan. On October 26, 2023, the Fund entered into a Third Amendment to the Amended and Restated Loan and Security Agreement (the "Third Amendment") with lenders named therein. The Third Amendment provides for, among other modifications (i) a decrease in the size of the facility to $185,000,0
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 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. VENTURE LENDING & LEASING IX, INC. (Registrant) By: /s/ Jared S. Thear Jared S. Thear Chief Financial Officer Date: September 12, 2025