Crestline Lending Solutions Amends Credit Facility, Raises $31.7M

What Happened

• Crestline Lending Solutions, LLC filed an 8‑K (July 30, 2026) reporting Amendment No. 1 (dated July 29, 2026) to its Loan Financing and Servicing Agreement. The Amendment increases the Committed Facility Amount from $150,000,000 to $350,000,000 and adjusts the Uncommitted Facility Amount from $150,000,000 to $50,000,000. Deutsche Bank AG, New York Branch remains facility agent and lender; State Street Bank and Trust Company remains collateral agent/custodian. Borrowings under the Loan Agreement remain subject to leverage restrictions in the Investment Company Act of 1940.
• Separately, on July 24, 2026 the company completed a drawdown (capital call) selling approximately 1,612,698 limited‑liability company units for aggregate proceeds of about $31.7 million at $19.63 per Share. The issuance was made under subscription agreements exempt from SEC registration (Section 4(a)(2) and Regulation D and/or S), with reliance in part on investor representations that purchasers are accredited investors.
• Under Rule 2a‑5 of the 1940 Act, the Board designated Crestline Management, L.P. as the valuation designee; the designee calculated the Company’s net asset value per Share as $19.63 as of July 22, 2026 (consistent with the Company’s valuation policy).

Key Details

• Committed Facility Amount increased to $350,000,000 (from $150,000,000).
• Uncommitted Facility Amount adjusted to $50,000,000 (from $150,000,000).
• Capital call: ~1,612,698 Shares sold for ~$31.7 million at $19.63 per Share on July 24, 2026.
• NAV per Share determined at $19.63 as of July 22, 2026; valuation designee: Crestline Management, L.P.
• Financing parties: CL LSF SPV I, LLC (borrower), Crestline Lending Solutions (servicer), Deutsche Bank AG NY Branch (facility agent/lender), State Street (collateral agent/custodian).

Why It Matters

• The amended credit facility materially increases committed borrowing capacity (to $350M), which can support larger loan purchases or portfolio growth subject to the 1940 Act leverage limits.
• The $31.7M capital call raised immediate equity capital from existing investors at an NAV equal to the purchase price, indicating no apparent per‑share discount in this offering.
• Investors should note the equity issuance was an unregistered private placement relying on accredited investor exemptions and that future funding will follow the Company’s drawdown process (advance notices at least 10 days prior).