Jefferies Credit Partners BDC Inc. 8-K

What Happened

• Jefferies Credit Partners BDC Inc. filed an 8-K reporting that its consolidated subsidiary, JCP BDC SPV I LLC, entered into an Amended and Restated Loan and Security Agreement on January 13, 2026. The agreement amends and replaces the prior loan agreement dated December 7, 2023, and names JPMorgan Chase Bank, N.A. as administrative agent and The Bank of New York Mellon Trust Company, N.A. as collateral agent.
• The amendment expands the types of collateral the SPV may use (including broadly syndicated loans subject to limits), adjusts borrowing advance types and pricing, and changes aggregate lender commitments with a $100.0 million increase scheduled on March 1, 2026 and further timing related to permitted securitizations.

Key Details

• Effective date: January 13, 2026; Exhibit 10.1 filed with the 8-K.
• Broadly syndicated loans allowed as borrowing collateral, but limited to 25% of aggregate borrowing collateral.
• Two advance types:
  • Non-Traded Asset Advances (non-broadly syndicated loans): interest = Term SOFR + 2.15% or Base Rate + 1.15%.
  • Traded Loan Advances (broadly syndicated loans): interest = Term SOFR + 1.50% or Base Rate + 0.50%.
• Aggregate lender commitments: increase by $100.0M on March 1, 2026. Upon any Permitted Securitization, commitments are temporarily reduced to $500.0M, with scheduled $100.0M increases at 60, 150 and 270 days after the securitization reset.

Why It Matters

• This amendment gives the SPV (and thereby the Company) more flexibility to use traded, broadly syndicated loans as collateral—up to a 25% concentration—potentially expanding the pool of assets available to support borrowings.
• Traded Loan Advances carry lower borrowing margins than Non‑Traded Asset Advances, which may reduce financing costs when broadly syndicated loans are used as collateral.
• The changes to the financing commitment and the temporary reduction tied to permitted securitizations affect the SPV’s available liquidity and the timing of incremental borrowing capacity; investors should note these effects when evaluating leverage and financing risk for the BDC.