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EX-99.1 - EX-99.1 - Sierra Income Corpd900292dex991.htm
EX-10.1 - EX-10.1 - Sierra Income Corpd900292dex101.htm





Washington, D.C. 20549






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 27, 2015



Sierra Income Corporation

(Exact name of registrant as specified in its charter)




Maryland   0-54650   45-2544432

(State or other jurisdiction

of incorporation)



File Number)


(I.R.S. Employer

Identification No.)

375 Park Ave, 33rd Floor

New York, NY 10152

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (212) 759-0777



Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


¨ 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))




Item 1.01. Entry into a Material Definitive Agreement.

On March 27, 2015, Sierra Income Corporation. (the “Company”) and Great American Life Insurance Company (“Great American Life”) entered into a limited liability company operating agreement (the “LLC Agreement”) to co-manage Sierra Senior Loan Strategy JV I LLC (the “Joint Venture”). The Company and Great American Life have committed to provide $100 million of equity to the Joint Venture, with the Company providing $87.5 million and Great American Life providing $12.5 million. In addition, the Joint Venture intends to seek a credit facility from a third party financing provider. The Joint Venture is expected to invest primarily in middle market and other corporate debt securities.

The foregoing description of the LLC Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the LLC Agreement attached hereto as Exhibit 10.1.

Item 8.01. Other Events.

On March 30, 2015, the Company issued a press release announcing its entry into the Joint Venture, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits


(a) Not applicable.


(b) Not applicable.


(c) Exhibits


Exhibit No.



10.1    Sierra Senior Loan Strategy JV I LLC Limited Liability Company Operating Agreement dated March 27, 2015, by and between Sierra Income Corporation and Great American Life Insurance Company
99.1    Press Release dated March 30, 2015


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.



/s/ Richard T. Allorto, Jr.

Richard T. Allorto, Jr.

Chief Financial Officer