BC Partners Lending Corp Form 8-K — Oct 2, 2026
BC Partners Lending Corporation completed its merger with Alternative Credit Income Fund (ACIF) on September 29, 2026, with ACIF merged into the Company as the surviving entity. Approximately 7,074,995 BCPL shares were issued to ACIF's former shareholders at exchange ratios of roughly 0.4567-0.4647 BCPL shares per ACIF share across Classes A, C, I, L and W. Concurrently, the Company's wholly-owned subsidiary Great Lakes BCPL Funding Ltd. amended its revolving credit facility, increasing commitments from $125 million to $200 million and expanding the accordion to permit up to $400 million total.
Key figures
- Maturity date new
- September 29, 2031
- Accordion capacity
- $400,000,000
- Exchange ratio class a
- 0.4571
- Exchange ratio class c
- 0.4647
- Exchange ratio class i
- 0.4568
- Exchange ratio class l
- 0.4579
- Exchange ratio class w
- 0.4567
- Facility commitment new
- $200,000,000
- Facility commitment prior
- $125,000,000
- Shares issued to acif holders
- 7074995
- Revolving period expiration new
- September 29, 2029
AI analysis
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