T Series BDC LLC Amends Funding Facility, Increases Capacity to $800M

What Happened
T Series BDC LLC filed an 8-K on July 20, 2026, reporting that on July 16, 2026 its wholly owned subsidiary, T Series Financing SPV LLC, the Company and Barclays Bank PLC executed a Fifth Amended and Restated Credit and Security Agreement (the “Fifth Amended Credit and Security Agreement”) amending the existing Barclays Funding Facility. Under the amendment the facility size was increased from $600,000,000 to $800,000,000; the filing states the other material terms remain unchanged. The amended agreement is filed as Exhibit 10.1 to the 8-K.

Key Details

• Amendment executed: July 16, 2026; 8-K filed July 20, 2026.
• Facility increased: $600,000,000 → $800,000,000 (additional $200M capacity).
• Parties: T Series Financing SPV LLC (borrower, wholly owned subsidiary), Barclays Bank PLC (administrative agent and lender), State Street Bank & Trust Company (collateral administrator/agent/securities intermediary), and T Series BDC LLC (servicer).
• The filing also reports the amendment as creating a direct financial obligation (Item 2.03) and attaches the Fifth Amended Credit and Security Agreement as Exhibit 10.1 (schedules omitted from public exhibit).

Why It Matters
The amendment increases the SPV’s borrowing capacity by $200M, which expands available liquidity and financing flexibility for the Company’s portfolio activities. For investors, a larger committed facility can affect the company’s leverage and access to short-term funding; the filing identifies this as a material definitive agreement and a direct financial obligation. Review Exhibit 10.1 in the 8-K for full terms and consult company disclosures for any future updates on borrowings or covenant changes.