Diameter Credit Co 8-K

What Happened
Diameter Credit Company (via subsidiary DCC Holdings) filed a Form 8-K (Item 1.01) disclosing that on April 24, 2026 it entered into Amendment No. 5 to its Credit and Security Agreement (the “Secured Credit Facility”) originally dated January 10, 2024. The amendment was filed on May 1, 2026. Citibank, N.A. serves as administrative agent and collateral agent; Siepe, LLC is collateral administrator. The amendment revises key economic and term features of the secured credit facility.

Key Details

• Facility maximum reduced from $650,000,000 to $500,000,000.
• Accordion (ability to increase capacity) reduced from a $800,000,000 aggregate cap to $600,000,000.
• Reinvestment period extended from January 10, 2027 to January 10, 2029.
• Scheduled maturity date extended from January 10, 2029 to January 10, 2031.
• Amendment No. 5 is filed as Exhibit 10.1 to the 8‑K.

Why It Matters

• Lowering the maximum facility reduces the company’s available committed borrowing capacity, which can limit funding flexibility compared with the prior facility size.
• Extending the reinvestment period and the scheduled maturity gives the company a longer runway for financing and portfolio activity, delaying when the facility must be repaid or refinanced.
• These are material changes to the company’s secured credit terms that could affect liquidity and leverage management; investors should watch for any future notices about borrowing levels, covenant changes, or additional amendments.