West Bay BDC LLC entered into an Investment Management and Advisory Agreement with Goldman Sachs Asset Management, L.P. They also established a $300 million revolving credit facility with Standard Chartered Bank Ltd., with a maturity date of September 25, 2026. The facility is secured by the unfunded capital commitments of the company’s unitholders. The company also modified its rights of security holders, amended its Limited Liability Company Agreement, and conducted a private offering of units resulting in approximately $927 million of commitments.
Names mentioned: - West Bay BDC LLC - Goldman Sachs Asset Management, L.P. - Standard Chartered Bank Ltd. - Alex Chi (Co-Chief Executive Officer and Co-President of West Bay BDC LLC) - David Miller (Co-Chief Executive Officer and Co-President of West Bay BDC LLC)