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EX-99.(10)(1) - THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT, DATED AS OF JANUARY 27, 2020 - Goldman Sachs Private Middle Market Credit II LLCd878390dex99101.htm

 

 

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): January 30, 2020 (January 27, 2020)

 

 

Goldman Sachs Private Middle Market Credit II LLC

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   000-56052   83-3053002

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

200 West Street, New York, New York   10282
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (212) 902-0300

Not Applicable

(Former name or 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:

 

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:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

None   None   None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b–2 of the Securities Exchange Act of 1934.

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 January 27, 2020, Goldman Sachs Private Middle Market Credit II LLC (The “Company”) entered into a third amendment (the “Amendment”) to its senior secured revolving credit agreement, dated as of May 7, 2019, among the Company, as borrowers, the lenders party thereto, and MUFG Union Bank, N.A. as administrative agent (as amended or otherwise modified, the “Revolving Credit Facility”) pursuant to which Societe Generale agreed to become a lender with a $100 million commitment through the accordion feature in the Revolving Credit Facility.

The Amendment increased the aggregate commitments under the Revolving Credit Facility from $400 million to $500 million. The Revolving Credit Facility includes an accordion feature, which allows the Company, subject to the satisfaction of various conditions, to bring total commitments under the Revolving Credit Facility to $500 million. The foregoing descriptions are only a summary of the material provisions of the Amendment and are qualified in their entirety by reference to a copy of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is 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 under Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01 – Financial Statements and Exhibits.

(d) Exhibits:

 

Exhibit

Number

  

Description

10.1    Third Amendment to Revolving Credit Agreement, dated as of January  27, 2020, by and among the Company, as Borrower, and MUFG Union Bank, N.A., as Administrative Agent and the Letter of Credit Issuer, and the Lenders party thereto.


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.

 

    Goldman Sachs Private Middle Market Credit II LLC
Date: January 30, 2020     By:  

/s/ Jonathan Lamm

      Name: Jonathan Lamm
      Title: Chief Financial Officer and Treasurer