UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
On August 25, 2023, BC Partners Lending Corporation (the “Company”), through a wholly-owned, special-purpose, bankruptcy-remote subsidiary, Great Lakes BCPL Funding Ltd., an exempted company incorporated with limited liability under the laws of the Cayman Islands, entered into a Fifth Amended and Restated Confirmation with UBS AG, London Branch (“UBS”) (the “Fifth A&R Confirmation”), which supplements and is subject to the SIFMA/iCMA Global Master Repurchase Agreement (2011 version), dated as of December 12, 2019, between the Company and UBS (including any annexes thereto, the “GMRA”, and such GMRA, together with the Fifth A&R Confirmation, the “Fifth A&R Repurchase Agreement”), to amend the Fourth Amended and Restated Confirmation, dated as of October 11, 2022 (the “Fourth Confirmation”, and the GMRA, together with the Fourth Confirmation, the “Fourth Repurchase Agreement”). Pursuant to the Fourth Repurchase Agreement, the Company could sell certain Class A Notes, dated as of December 18, 2019, for up to a maximum aggregate purchase price of $75,000,000. Pursuant to the Fifth A&R Repurchase Agreement, the maximum aggregate purchase price was increased to $110,000,000 and the repurchase date was extended to December 19, 2024. The other material commercial terms of the Fourth Confirmation, including the pricing rate and spread, remain unchanged.
The description above is only a summary of the material provisions of the Fifth A&R Confirmation and is qualified in its entirety by reference to a copy of the Fifth A&R Confirmation, which is filed as Exhibit 10.1 to this current report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits |
| 10.1 | Fifth Amended and Restated Confirmation in respect of Repurchase Transactions, dated as of August 25, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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.
| Date: August 30, 2023 | By: | /s/ Jason T. Roos | ||||
| Name: | Jason T. Roos | |||||
| Title: | Chief Financial Officer |