UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 8, 2022
Onex Falcon Direct Lending BDC Fund
(Exact name of Registrant as specified in its charter)
| Delaware | 814-01405 | 86-3687484 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| 21 Custom House Street, 10th Floor Boston, MA |
02110 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (617) 412-2700
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
| Title of each class |
Trading Symbol(s) |
Name of each exchange | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement.
On September 8, 2022, Onex Falcon Direct Lending BDC Fund (the “Fund”) entered into an unsecured revolving loan agreement (the “Revolving Onex Loan”) with Onex Credit Finance Corporation, a subsidiary of the ultimate parent entity of the investment adviser of the Fund (the “Onex Entity”), whereby the Onex Entity may advance amounts to the Fund (each such amount, a “Loan”) with a maximum outstanding principal amount of $80,000,000 and a maturity date with respect to each Loan of the day falling two years after the funding of such Loan. The Revolving Onex Loan is intended to provide the Fund with the ability to fund investments, related costs and expenses, and general corporate purposes.
Terms used in the foregoing paragraph have the meanings set forth in the Revolving Onex Loan. The description above is only a summary of the material provisions of the Revolving Onex Loan and does not purport to be complete and is qualified in its entirety by reference to the provisions in the Revolving Onex Loan, which is attached hereto as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibit
| Exhibit No. | Description | |
| 10.1 | Revolving Loan Agreement, dated September 8, 2022, by and between Onex Falcon Direct Lending BDC Fund and Onex Credit Finance Corporation | |
SIGNATURE
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.
| ONEX FALCON DIRECT LENDING BDC FUND | ||||||
| Date: September 13, 2022 | By: | /s/ Steven Gutman | ||||
| Name: | Steven Gutman | |||||
| Title: | Secretary and General Counsel | |||||