How to record a loan amendment

1. From the loan detail page, select the Amendments tab.

2. Select Add Amendment (top right).

3. Enter the effective date (past, present, or future) and upload any relevant documents.

4. Select Add Changed Item. A panel opens where you:

   1. Select the original document being amended, then select Next.

   2. Choose the item type from the dropdown. Loan-level options include:

      • Fees

      • Structures

      • Transfers

      • and Contingent Fees and Securities.

   3. Select Other for changes not covered by a specific type.

   4. Select the relevant structure and advance if applicable. Structure-level options include:

      • Commitment

      • Advances

      • Interest Rate Periods

      • Draw Period End Date

      • and Prepayment Settings.

      Advance-level options include:

      • Principal Schedule and Prepayment Premium Periods.

   5. Review the current values and update them to reflect the new terms. Add a description.

   6. Select Save.

5. Repeat step 4 for each item changed in this amendment.

6. Select Next to reach the Review step, which shows a preview of the updated payment schedule.

7. Select Save to apply the amendment.

Amendments in Carta Loan Operations support a wide range of deal changes, including:

• Interest rate adjustments (rate type, credit spread, benchmark)
• Maturity date extensions
• Commitment increases or reductions
• Addition of new lenders or changes to lender positions
• Changes to payment waterfall priorities
• PIK toggle changes
• Covenant changes
• Fee amendments

The Review step shows a summary of the amendment and a preview of the updated payment schedule. Use the left navigation in the panel to return to any step and make corrections before saving.

After saving, the payment schedule updates automatically to reflect the new terms.