Exhibit 10.7E
Execution Version
FIRST AMENDMENT
FIRST AMENDMENT, dated as of October 2, 2024 (this “Amendment”), among SBA Senior Finance II LLC (the “Borrower”), the lenders and other persons party hereto and Toronto Dominion (Texas) LLC, as administrative agent (the “Administrative Agent”).
RECITALS:
WHEREAS, reference is hereby made to the Third Amended and Restated Credit Agreement, dated as of January 25, 2024 (as amended, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”, and as amended by this Amendment, the “Amended Credit Agreement”), among the Borrower, the several banks and other financial institutions or entities from time to time parties thereto and the Administrative Agent;
WHEREAS, the Borrower has requested that the Credit Agreement be amended as set forth herein;
WHEREAS, the amendments set forth herein reduce the stated rate of interest of the Initial Term Loans and, pursuant to Section 10.1(i) of the Credit Agreement, this Amendment requires the consent of each Initial Term Lender directly affected thereby;
WHEREAS, Section 2.18 of the Credit Agreement provides that if any Lender does not consent to any proposed amendment, supplement, modification, consent or waiver of any provision of the Credit Agreement that requires the consent of each of the Lenders affected thereby (so long as the consent of the Required Lenders has been obtained pursuant to Section 10.1 of the Credit Agreement), then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 10.6 of the Credit Agreement), all its interests, rights and obligations under the Credit Agreement to an assignee that shall assume such obligations;
WHEREAS, receipt of executed signature pages by Required Lenders is a condition to the effectiveness of this Amendment;
WHEREAS, the Lenders party hereto constitute Required Lenders and are willing to agree to this Amendment on the terms set forth herein; and
WHEREAS, TD Securities (USA) LLC has agreed to act as the lead arranger for this Amendment (the “Lead Arranger”) and TD Securities (USA) LLC, Mizuho Bank, Ltd., Barclays Bank PLC, Citigroup Global Markets Inc., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc. and Wells Fargo Securities, LLC have agreed to act as joint bookrunners for this Amendment (each a “Bookrunner”).
Now therefore, the parties hereto therefore agree as follows:
SECTION 1. Defined Terms. Unless otherwise defined herein, capitalized terms are used herein as defined in the Credit Agreement, as amended hereby.