WTI Fund X, Inc.: enters $125,000,000 credit facility

What happened

• WTI Fund X, Inc. filed an 8-K reporting that on Oct 8, 2026 it entered into a Term Loan and Revolving Credit and Security Agreement (the "Loan Agreement") with WTI Fund X, LLC as guarantor, WTI Fund X GP, LLC as managing member, the lenders party thereto, and MUFG Bank, Ltd. as a lender, joint lead arranger, bookrunner and administrative agent.
• The Loan Agreement provides for a senior secured credit facility in an aggregate principal amount of up to $125,000,000, consisting of a $25,000,000 revolving credit facility and a $100,000,000 single-draw term loan funded on the closing date.

Key details

• Collateral includes: (i) all portfolio investments and substantially all other assets held by the Fund and its subsidiaries, (ii) all equity interests of the Guarantor in the Fund and all direct or indirect subsidiaries, and (iii) the pledge of the uncalled capital commitments of all investors in the Guarantor.
• Interest: borrowings under the Revolving Credit Facility bear either a Reference Rate plus an Applicable Reference Rate Margin or Term SOFR plus an Applicable SOFR Margin; the Initial Term Loan bears interest based on Term SOFR plus the Applicable SOFR Margin. The Fund will pay an unused line fee of 0.25% on the unused portion of the Revolving Credit Facility.
• Fees and maturity: approximately $1,000,000 of fees and expenses were incurred and will be amortized on a straight-line basis; the MUFG Facility matures on Oct 8, 2029 and can be accelerated on an event of default. The Initial Term Loan is repayable in ten equal quarterly installments of $10,000,000 commencing on Jun 30, 2027.
• Covenants: the Loan Agreement includes financial covenants (debt service coverage ratio, interest coverage ratio, unfunded commitment ratio, maximum quarterly and annual loan loss reserve ratios, and asset coverage ratio) and negative covenants (limitations on incurrence of liens, consolidations, mergers, asset sales, and capital expenditures).
• The filing states that on Oct 8, 2026 the Fund repaid in full the $95,000,000 outstanding under its prior secured revolving loan facility with ING Capital LLC and that the ING Facility was terminated effective Oct 8, 2026.

Why it may matter

• Item 2.03 (creation of a direct financial obligation) was reported; this item covers the Fund's entry into the MUFG Facility and its principal terms, collateral, repayment schedule and covenants. This filing does not show why the insider traded or why the company acted.