Item 1. Security and Issuer
This Schedule 13D relates to the Common Stock, par value $0.01 per share, of Vista Credit Strategic Lending Corp., a Maryland corporation (the “Issuer”). The address of the principal executive office of the Issuer is 55 Hudson Yards, Floor 28, New York, NY 10001.
Item 2. Identity and Background
(a) This statement is being filed collectively by:
| | i. | The Saudi National Bank (“SNB”); and |
| | ii. | SNB Capital Dubai Inc. (“SNBC”). |
SNBC is an indirect, majority-owned subsidiary of SNB.
(b) The principal business office of SNB is The Saudi National Bank Tower, King Abdullah Financial District, King Fahd Road 3208 Al Aqeeq District Unit No 778 Riyadh, 13519-6676, Kingdom of Saudi Arabia. The principal business office of SNBC is 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands, KY1-9001.
(c) through (f) The principal business of SNB is to provide various banking products and services in Saudi Arabia. The principal business of SNBC is to provide financial advisory services to clients in Saudi Arabia. Information regarding the executive officers, directors or other control persons of the Reporting Persons is set forth on Schedule 1 attached hereto, which Schedule is hereby incorporated by reference. During the last five years, none of the Reporting Persons nor, to the Reporting Persons’ knowledge, any of the persons identified on Schedule 1 hereto, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, neither the Reporting Persons nor, to the Reporting Persons’ knowledge, any of the persons identified on Schedule 1 hereto, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
On October 2, 2023, SNB acquired 12,500 shares of Common Stock of the Issuer in a private placement transaction by the Issuer, for an aggregate purchase price of $250,000, pursuant to the SNB Subscription Agreement, as defined below (the “Purchase”), following receipt of a Drawdown Notice (as defined below) dated October 2, 2023 notifying SNB of its obligation to purchase the shares of Common Stock pursuant to the terms of the agreement. On November 9, 2023, SNB acquired an additional 494,699.344 shares of Common Stock for an aggregate purchase price of $9,643,986.87, following receipt of an additional Drawdown Notice on October 31, 2023.
Item 4. Purpose of Transaction
The purpose of the Purchase is to make an investment in the Company through the acquisition of shares of Common Stock of the Issuer, in accordance with SNB’s obligation under the SNB Subscription Agreement. The information in Item 6 below is incorporated by reference into this Item 4.
The Reporting Persons have not acquired the shares of Common Stock of the Issuer with any purpose, or with the effect, of changing or influencing control of the Issuer, or in connection with or as a participant in any transaction having that purpose or effect. Except as disclosed herein, the Reporting Persons have no present plans or proposals that relate to, or that would result in, any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Exchange Act.
