On September 28, 2026, Kennedy Lewis Capital Company entered into a Third Amendment to its First Amended and Restated Credit Agreement (the “Third Amendment”). The agreement was executed by KLCC SPV GS1 LLC, a wholly-owned subsidiary of the Company, and various financial institutions including Goldman Sachs Bank USA, U.S. Bank Trust Company, National Association, and U.S. Bank National Association.
The Third Amendment modifies the Secured Credit Facility, which was originally dated October 11, 2024. The key changes disclosed in the filing include:
- Financing Limit: The maximum borrowing capacity under the facility was increased from $500,000,000 to $550,000,000.
- Reinvestment Period: The date by which the Company must reinvest capital was extended from May 1, 2028, to September 28, 2029.
- Scheduled Maturity Date: The final maturity date of the facility was pushed back from May 1, 2030, to September 28, 2031.
- Interest Spread: The interest rate charged on borrowings was adjusted from a range of 2.50% to 2.60% to a flat rate of 2.25% on and after the Third Amendment.
In addition to the Third Amendment, the Company entered into a First Amendment to the Non-Recourse Carveout Guaranty Agreement. This amendment allows the Company to guarantee losses, damages, costs, and liabilities arising from the willful misconduct of the Company, KLCC SPV GS1, and certain controlled affiliates.
