Remora Capital Corp Enters Loan Sourcing Agreement with Sound Point

What Happened

• Remora Capital Corporation filed an 8-K reporting that on July 27, 2026 it entered a Loan Sourcing and Other Services Agreement with Sound Point Capital Management, LP, with Remora Capital Management, LLC (the Company's investment adviser) as a party. Sound Point will identify potential investment opportunities for the Company, while Remora (the adviser) retains sole discretion over any investments the Company makes. Sound Point will also provide ongoing information about any sourced investments.

Key Details

• Agreement date: July 27, 2026; filed as Exhibit 10.1 to the 8-K.
• Fee structure: quarterly fee, paid in arrears, equal to the Applicable Annual Rate applied to the Aggregate Investment Value (computed daily).
• Applicable Annual Rates: 0.80% p.a. (≤ $250M), 0.75% p.a. (>$250M–≤$500M), 0.70% p.a. (>$500M–≤$750M), 0.65% p.a. (>$750M). For fee calc, any single investment’s value is capped at its outstanding principal balance.
• Termination: on 90 days’ written notice by any party, upon termination of Remora as adviser, or for Cause as defined in the agreement.
• Indemnification: the Company agreed to indemnify Sound Point and its officers/directors/employees for losses related to the agreement, except for claims arising from Sound Point’s proven misconduct, gross negligence, willful statutory violations, or reckless disregard (as determined by arbitrator or court).

Why It Matters

• The agreement establishes a formal sourcing relationship that could increase the Company’s pipeline of loan/investment opportunities; however, Remora (the adviser) keeps final investment decision-making authority.
• The tiered fee schedule creates an ongoing operating expense tied to the size of the portfolio (Aggregate Investment Value); higher assets reduce the percentage fee but increase absolute fees.
• The indemnification provision may expose the Company to legal/financial obligations related to sourcing activities, subject to the agreement’s exceptions for proven misconduct.
• Investors should note the arrangement affects deal flow, adviser relationships, and recurring fee costs—material operational items disclosed under Item 1.01 of the Form 8-K.