Commitment Increase Agreement, dated as of October 14, 2021, by Signature Bank, as Increasing Lender, Wells Fargo Bank, National Association and Regions Bank, each as an Assuming Lender, in favor of the Company, as borrower, and JPMorgan Chase Bank, N.A., as administrative agent under the Revolving Credit Facility

Contract Categories: Business Finance - Credit Agreements
EX-10.1 2 tm2130423d1_ex10-1.htm EXHIBIT 10.1

Exhibit 10.1

 

COMMITMENT INCREASE AGREEMENT

 

 

October 14, 2021

 

 

JPMorgan Chase Bank, N.A., as Administrative Agent

500 Stanton Christiana Road

NCC 5, Floor 1

Newark, DE ###-###-####

Attention: Loan & Agency Services Group

 

Ladies and Gentlemen:

 

We refer to the Senior Secured Revolving Credit Agreement dated as of February 11, 2021 (as amended, modified or supplemented from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined) among Golub Capital BDC, Inc. (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent for said Lenders. You have advised us that the Borrower has requested in a letter dated October 12, 2021 (the “Increase Request”) from the Borrower to the Administrative Agent that the aggregate amount of the Commitments be increased on the terms and subject to the conditions set forth herein.

 

A. Commitment Increase. Pursuant to Section 2.07(e) of the Credit Agreement, each of (i) Signature Bank (the “Increasing Lender”), Wells Fargo Bank, National Association (“Wells”) and Regions Bank (“Regions” and together with Wells, the “Assuming Lenders”), hereby agrees to make Commitments in the amount set forth opposite the name of such Increasing Lender or Assuming Lender, as applicable, listed in Schedule I hereto pursuant to the instruction of the Administrative Agent, such Commitments to be effective as of the Increase Date (as defined in the Increase Request); provided that the Administrative Agent shall have received a duly executed officer’s certificate from the Borrower, dated the Increase Date, in substantially the form of Exhibit I hereto. Pursuant to Section 2.07(e)(i)(C) of the Credit Agreement, the Administrative Agent and the Issuing Bank hereby consent to the Assuming Lenders making the Commitments in the amount specified in the Increase Request and in Schedule I hereto.

 

B. Confirmation of Assuming Lenders and Increasing Lender. Each Assuming Lender (i) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Commitment Increase Agreement; (ii) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender or Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; and (iii) acknowledges and agrees that, from and after the Increase Date, the Commitments set forth opposite the name of such Assuming Lender listed in Schedule I hereto shall be included in its Commitment and its Commitments and be governed for all purposes by the Credit Agreement and the other Loan Documents. The Increasing Lender agrees that from and after the Increase Date, its Commitment Increase set forth opposite the name of the Increasing Lender listed in Schedule I hereto shall be included in its Commitment and be governed for all purposes by the Credit Agreement and the other Loan Documents.

 

C. Counterparts. This Commitment Increase Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page to this Commitment Increase Agreement by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Commitment Increase Agreement.

 

D. Governing Law. This Commitment Increase Agreement shall be construed in accordance with and governed by the law of the State of New York.

 

 

 

 

  Very truly yours,
   
   
  ASSUMING LENDER
   
   
  Wells Fargo Bank, National Association
   
   
  By: /s/ Michael Kusner
    Name: Michael Kusner
    Title: Managing Director
   
  REGIONS BANK
   
   
  By: /s/ Hichem Kerma
    Name: Hichem Kerma
    Title: Managing Director
   
   
  INCREASING LENDER
   
   
  SIGNATURE BANK
   
  By: /s/ Trevor Freeman
    Name: Trevor Freeman
    Title: Managing Director
   
  By: /s/ Anthony Episcopio
    Name: Anthony Episcopio
    Title: Vice President

 

 

 

 

Accepted and agreed:  
   
GOLUB CAPITAL BDC, INC.  
   
   
By: /s/ Christopher C. Ericson  
  Name: Christopher C. Ericson  
  Title: Chief Financial Officer  
     
   
Acknowledged:  
JPMORGAN CHASE BANK, N.A.,  
as Administrative Agent and Issuing Bank  
   
   
By: /s/ Matthew D Griffith  
  Name: Matthew D Griffith  
  Title: Managing Director  

 

 

 

 

SCHEDULE I

 

 

Increasing Lender Commitment Increase
Signature Bank $12,500,000 (Dollar) for total Commitment of $37,500,000 (including $25,000,000 Multicurrency)

 

 

Assuming Lender Multicurrency Commitment
Wells Fargo Bank, National Association $100,000,000
Regions Bank $100,000,000