TPG Twin Brook Capital Income Fund reported on September 28, 2026, that its subsidiary, Twin Brook Capital Funding XXXIII SMPV, LLC, entered into a new credit agreement with Sumitomo Mitsui Banking Corporation (SMBC) as the administrative agent. The agreement establishes a warehouse loan facility with an initial maximum senior loan commitment amount of $362,500,000. The facility is secured by the assets of the Borrower and is subject to a borrowing base that applies different advance rates based on asset coverage ratios. Senior advances under the facility will bear an interest rate of adjusted term SOFR plus 1.85% during the reinvestment period and adjusted term SOFR plus 2.35% thereafter. The obligation of lenders to make advances terminates on the six-month anniversary of the closing date, subject to two six-month extensions, and the facility matures upon the closing of a collateralized loan obligation or on September 28, 2029.
Separately, on September 29, 2026, the Company entered into the Third Amendment to its Senior Secured Revolving Credit Agreement with SMBC. The amendment increases the maximum commitment amount from $975,000,000 to $1,075,000,000. The termination date for lenders' obligation to make loans has been extended from October 1, 2029, to September 27, 2030, and the final scheduled maturity date has been extended from October 1, 2030, to September 29, 2031. The amendment also introduces a covenant requiring the Company’s net worth to not be less than $250,000,000 while its unsecured notes are outstanding. Additionally, the minimum shareholders’ equity covenant was amended to the greater of $1,809,206,125 or that amount plus 25% of net proceeds from the sale of equity interests received after the amendment effective date, less 25% of amounts paid or distributed for share repurchases or redemptions after that date.
