UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On April 7, 2025 (the “Effective Date”), Vista Credit Strategic Lending Corp. (the “Company”) entered into Amendment No. 2 (“Amendment No. 2”) to the loan financing and servicing agreement (the “DB Credit Facility”), dated as of June 26, 2024, as amended by Amendment No. 1 to the DB Credit Facility dated as of December 10, 2024, by and among VCSL Funding 1 LLC ( “VCSL Funding”), a direct wholly owned subsidiary of the Company, as borrower, the Company, as equityholder and as servicer, Deutsche Bank AG, New York Branch, as facility agent, State Street Bank and Trust Company, as collateral agent and as collateral custodian, and each of the lenders, other agents and securitization subsidiaries that are parties thereto from time to time. Amendment No. 2 amends the DB Credit Facility to provide that, until the date that is three months from the Effective Date, VCSL Funding may increase the maximum principal amount available under the DB Credit Facility from $275.0 million to $350.0 million upon two business days’ written notice. The Company expects that VCSL Funding will exercise this option to increase the maximum principal amount available to $350.0 million before the end of the second quarter of 2025. Amendment No. 2 also amends the DB Credit Facility to provide that borrowings under the DB Credit Facility will bear interest at a floating rate equal to the base rate plus (i) 2.15% per annum (reduced from 2.40% per annum) during the period during which VCSL Funding may request drawdowns under the DB Credit Facility (the “Revolving Period”), and (ii) 2.30% per annum (reduced from 2.90% per annum) following expiration of the Revolving Period for the remaining term of the DB Credit Facility. The other material terms of the DB Credit Facility remain unchanged.
The description above is only a summary of the material provisions of Amendment No. 2 and is qualified in its entirety by reference to copies of Amendment No. 2, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Vista Credit Strategic Lending Corp. | ||
| By: | /s/ Ross Teune | |
| Name: | Ross Teune | |
| Title: | Chief Financial Officer and Treasurer | |
| Date: | April 11, 2025 | |