LAGO Evergreen Credit Amends Loan Agreement, Raises Facility to $175M

What Happened

• LAGO Evergreen Credit filed an 8‑K reporting that on September 24, 2026 it entered into the Fourth Amendment to the Loan and Security Agreement for LAGO Evergreen SPE, LLC. The amendment increases the lenders’ available commitments from $125,000,000 to $175,000,000, and adds MUFG Bank, Ltd. as a new lender.
• The amendment also revises the definition of “Eligible Note Receivables” to permit middle market loans as eligible collateral, subject to related eligibility criteria and concentration limits. Borrowing under the agreement remains subject to leverage limits in the Investment Company Act of 1940.

Key Details

• Effective date: September 24, 2026.
• Commitment increase: $125,000,000 → $175,000,000 (a $50,000,000 increase).
• New lender added: MUFG Bank, Ltd.
• Collateral change: Middle market loans added to Eligible Note Receivables, with eligibility and concentration limits.

Why It Matters

• The larger commitment and addition of MUFG expand the pool of available financing for the SPE, which can support more lending or portfolio activity by LAGO Evergreen SPE, LLC.
• Allowing middle market loans as eligible collateral broadens the types of assets that can secure borrowings, potentially changing the composition and risk profile of assets the SPE can hold — though any borrowing remains constrained by the Investment Company Act leverage limits.
• These are contractual changes (not an equity raise or earnings report); investors should view this as a financing/capital structure development that may affect the company’s lending capacity and funding flexibility.