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BCP Investment (NASDAQ: BCIC) trims revolving credit facility to $125M

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

BCP Investment Corporation reported that its wholly owned subsidiary, Great Lakes Portman Ridge Funding LLC, entered into a third amendment to its senior secured revolving credit facility with JPMorgan Chase Bank on March 9, 2026. The amendment decreases the aggregate financing commitments under the facility to $125,000,000. JPMorgan continues as administrative agent, U.S. Bank National Association remains collateral agent, securities intermediary and collateral administrator, and BCP Investment Corporation serves as portfolio manager. A conformed copy of the Loan and Security Agreement through this Third Amendment is filed as Exhibit 10.1.

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Insights

BCP trims revolving credit commitments to $125 million under amended facility.

The amendment reduces aggregate commitments under the senior secured revolving credit facility to $125,000,000. This adjusts the scale of committed lender funding available to the Great Lakes Portman Ridge Funding LLC special purpose vehicle while keeping the existing agent and collateral roles in place.

The structure still relies on JPMorgan as administrative agent and U.S. Bank as collateral agent and administrator, with BCP Investment Corporation managing the portfolio. Future company filings may detail how utilization of this facility evolves relative to the new commitment level.

false0001372807 0001372807 2026-03-09 2026-03-09
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM
8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 9, 2026
 
 
BCP Investment Corporation
(Exact name of registrant as specified in its charter)
 
 
 
Delaware
 
814-00735
 
20-5951150
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
650 Madison Avenue, 3rd Floor
New York, New York
 
10022
(Address of principal executive offices)
 
(Zip Code)
(Registrant’s telephone number, including area code): (212)
891-2880
Not Applicable
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
 
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
 
 
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
 
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Exchange Act:
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange
on which registered
Common Stock, par value $0.01 per share   BCIC   The NASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934 (§
240.12b-2
of this chapter).
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 

Item 1.01
Entry into a Material Definitive Agreement.
On March 9, 2026, Great Lakes Portman Ridge Funding LLC (“SPV”), a wholly-owned subsidiary of BCP Investment Corporation (the “Company”), entered into a third amendment (the “Third Amendment”) to its senior secured revolving credit facility dated December 18, 2019 (as amended by the first amendment, dated as of April 29, 2022, by the second amendment, dated as of July 23, 2024, and as further amended, modified, supplemented or restated from time to time, the “Revolving Credit Facility”) with JPMorgan Chase Bank, National Association (“JPM”). JPM serves as administrative agent, U.S. Bank National Association serves as collateral agent, securities intermediary and collateral administrator, and the Company serves as portfolio manager under the Revolving Credit Facility.
The Third Amendment, among other things, provided for a decrease in the aggregate financing commitments under the Revolving Credit Facility to $125,000,000.
The description above is only a summary of the material provisions of the Third Amendment and is qualified in its entirety by reference to a copy of the Revolving Credit Facility conformed through the Third Amendment, which is filed as Exhibit 10.1 to this current report on
Form 8-K.
 
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance
Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
 
Item 9.01
Financial Statements and Exhibits.
 
Exhibit Number   
Description
10.1    Loan and Security Agreement Conformed Through the Third Amendment dated as of March 9, 2026 among Great Lakes Portman Ridge Funding LLC, The Lenders Party Hereto, The Collateral Administrator, Collateral Agent and Securities Intermediary Party Hereto, JPMorgan Chase Bank, National Association, as Administrative Agent and BCP Investment Corporation, as Portfolio Manager.^
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
^
 
Portions of this exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish suppl
emen
tally a copy of any omitted exhibit or schedule to the SEC upon its request.

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
BCP INVESTMENT CORPORATION
By:   /s/ Brandon Satoren
Name:   Brandon Satoren
Title:   Chief Financial Officer
Date: March 12, 2026

FAQ

What change did BCP Investment Corporation (BCIC) make to its credit facility?

BCP Investment Corporation amended its senior secured revolving credit facility to reduce aggregate financing commitments to $125,000,000. The change applies to its subsidiary Great Lakes Portman Ridge Funding LLC and is documented in a third amendment effective March 9, 2026, with existing agent roles maintained.

Which subsidiary of BCIC is party to the amended revolving credit facility?

The amended revolving credit facility is held by Great Lakes Portman Ridge Funding LLC, a wholly owned subsidiary of BCP Investment Corporation. This special purpose vehicle is the borrower under the facility that now has aggregate financing commitments of $125,000,000 after the third amendment.

Who acts as administrative and collateral agents under BCIC’s amended facility?

JPMorgan Chase Bank, National Association serves as administrative agent for the revolving credit facility, while U.S. Bank National Association acts as collateral agent, securities intermediary, and collateral administrator. These roles continue under the March 9, 2026 third amendment to the senior secured facility.

What role does BCIC play in the amended revolving credit structure?

BCP Investment Corporation serves as portfolio manager under the revolving credit facility for Great Lakes Portman Ridge Funding LLC. It manages the underlying assets financed by the facility, which now carries aggregate financing commitments of $125,000,000 following the third amendment executed on March 9, 2026.

Where can investors find the full terms of BCIC’s third amendment?

The full terms are contained in the Loan and Security Agreement conformed through the Third Amendment, filed as Exhibit 10.1. This document details the updated revolving credit facility among Great Lakes Portman Ridge Funding LLC, the lenders, JPMorgan as administrative agent, and BCP Investment Corporation as portfolio manager.

Filing Exhibits & Attachments

2 documents
Portman Ridge Fin Corp

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