26North BDC, Inc. 8-K

What Happened

• On May 13, 2026, 26North BDC, Inc. entered into Amendment No. 2 to its Loan and Security Agreement (the "Subscription Facility"), originally dated February 7, 2025 and previously amended on September 5, 2025. The amendment increases the total Financing Commitments under the facility from $450 million to $650 million. The facility names 26North BDC, Inc. as borrower, 26North Direct Lending LP as portfolio manager, the lenders party thereto, and JPMorgan Chase Bank, N.A. as administrative agent. The company filed the 8-K on May 18, 2026.

Key Details

• Amendment effective date: May 13, 2026 (Amendment No. 2).
• Financing commitments increased from $450 million to $650 million (a $200 million increase).
• Parties: 26North BDC, Inc. (Borrower); 26North Direct Lending LP (Portfolio Manager); lenders party thereto; JPMorgan Chase Bank, N.A. (Administrative Agent).
• The 8-K also reports the creation/modification of a direct financial obligation under Item 2.03 and attaches Amendment No. 2 as Exhibit 10.1.

Why It Matters

• The amendment materially increases 26North BDC’s available financing capacity by $200 million, which directly affects liquidity and the company’s ability to fund investments and manage operations.
• Because this is a material definitive agreement and creates a direct financial obligation, it could affect the company’s leverage and financing costs; investors should review the amendment (Exhibit 10.1) for any changes to interest rates, covenants, maturity or other terms that were not summarized in the 8-K.