EX-10.4
PIMCO Asset-Based Lending Co LLC
**Execution Version **
***FIRST AMENDMENT TO CREDIT AND SECURITY AGREEMENT ***
THIS FIRST AMENDMENT TO CREDIT AND SECURITY AGREEMENT (this “Amendment”), dated as of May 22, 2026, is made by and between PALCO LVS 6 LP, a Delaware limited partnership, in its capacity as the borrower (the “Borrower”) and the program manager (the “Program Manager”), UMB BANK, NATIONAL ASSOCIATION, not in its individual capacity, but solely as trustee (in such capacity, the “Trustee”) for PAL CL TRUST 1, a New York common law trust (the “Trust”), BANCO SANTANDER S.A., NEW YORK BRANCH, as the administrative agent (in such capacity, the “Administrative Agent”), BANCO SANTANDER S.A., NEW YORK BRANCH, as the lender (the “Lender”).
***RECITALS ***
WHEREAS, the Borrower, the Program Manager, the Trustee, the Administrative Agent, and the Lender have entered into that certain Credit and Security Agreement, dated as of December 12, 2025 (as further amended, restated, amended and restated, or otherwise modified form time to time, the “Credit Agreement”); and
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