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      <div style="text-align: center; font-size: 11pt; font-weight: bold; font-family: Arial;">UNITED STATES</div>
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      <div style="text-align: center; font-size: 11pt; font-weight: bold; font-family: Arial;">SECURITIES AND EXCHANGE COMMISSION</div>
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      <div style="text-align: center; font-weight: bold; font-size: 11pt; font-family: Arial;">Washington, DC 20549</div>
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      <div style="text-align: center; font-size: 11pt; font-family: Arial;">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</div>
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      <div style="text-align: center; font-size: 11pt; font-weight: bold; font-family: Arial;">FORM&#160;8-K</div>
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      <div style="text-align: center; font-size: 11pt; font-weight: bold; font-family: Arial;">CURRENT REPORT</div>
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      <div style="text-align: center; font-size: 11pt; font-weight: bold; text-transform: uppercase; font-family: Arial;">Pursuant to Section&#160;13 or 15(<font style="text-transform: lowercase;">d</font>)&#160;of the Securities Exchange Act of 1934</div>
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      <div style="text-align: center; font-size: 11pt;"><font style="font-weight: bold; font-family: Arial;">Date of report (Date of earliest event reported):</font><font style="font-weight: bold; font-family: Arial;"><font style="font-weight: bold;"> </font>September

          15, 2021</font><font style="font-weight: bold; font-family: Arial;"></font></div>
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      <div style="text-align: center; font-size: 11pt; font-weight: bold; font-family: Arial;">AG Twin Brook BDC,&#160;Inc.</div>
      <font style="font-family: Arial;"> </font>
      <div style="text-align: center; font-size: 11pt; font-family: Arial;">(Exact name of Registrant as Specified in Its Charter)</div>
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              <div style="text-align: center; font-weight: bold; font-size: 11pt;"><font style="font-family: Arial;">DELAWARE </font>
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              <div style="font-size: 11pt; font-family: Arial;">&#160;</div>
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              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; font-size: 11pt;"><font style="background-color: rgb(255, 255, 255); font-family: Arial;">814-01259</font>
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              <div style="font-size: 11pt; font-family: Arial;">&#160;</div>
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              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; font-size: 11pt;"><font style="background-color: rgb(255, 255, 255); font-family: Arial;">83-4184014</font>
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              <div style="text-align: center; font-size: 11pt; font-family: Arial;">(State or Other Jurisdiction<br>
                of Incorporation)</div>
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              <div style="text-align: center; font-size: 11pt; font-family: Arial;">(Commission<br>
                File Number)</div>
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              <div style="font-size: 11pt; font-family: Arial;">&#160;</div>
            </td>
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              <div style="text-align: center; font-size: 11pt; font-family: Arial;">(IRS Employer<br>
                Identification No.)</div>
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          </font> </div>
        <div style="text-align: center; font-weight: bold; font-family: Arial;">245 Park Avenue, 26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</div>
        <div style="text-align: center; font-weight: bold; font-family: Arial;">New York, NY 10167</div>
        <div style="text-align: center; font-weight: bold; font-family: Arial;"><font style="font-weight: normal;">(Address of Principal Executive Offices, Zip Code)</font></div>
      </div>
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      <div style="text-align: center;"> <font style="font-family: Arial;"><br>
        </font> <font style="font-weight: bold; font-size: 11pt; font-family: Arial;">(212) 692-2000</font><font style="font-size: 11pt; font-family: Arial;"> </font></div>
      <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
      <div style="text-align: center; font-size: 11pt; font-family: Arial;">(Registrant&#8217;s telephone number, including area code)<font style="font-weight: bold;">&#160; <br>
        </font></div>
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      <div style="font-size: 11pt; font-weight: bold; text-align: center; font-family: Arial;">&#160;N/A</div>
      <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
      <div style="text-align: center; font-size: 11pt; font-family: Arial;">(Former Name or Former Address, if Changed Since Last Report)</div>
      <font style="font-family: Arial;"> </font>
      <div style="text-align: center; font-size: 11pt;"> <font style="font-family: Arial;"><br>
        </font> </div>
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      <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
      <div style="font-size: 11pt; font-family: Arial;">Check the appropriate box below if the Form&#160;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
      <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
      <div style="font-size: 11pt; font-family: Arial;">&#160;</div>
      <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
      <div style="font-size: 11pt; font-family: Arial;">&#9744;&#160;&#160;&#160;&#160;&#160; Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</div>
      <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
      <div style="font-size: 11pt; font-family: Arial;">&#160;</div>
      <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
      <div style="font-size: 11pt; font-family: Arial;">&#9744;&#160;&#160;&#160; &#160; Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
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      <div style="font-size: 11pt; font-family: Arial;">&#160;</div>
      <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
      <div style="font-size: 11pt; font-family: Arial;">&#9744;&#160;&#160; &#160;&#160; Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</div>
      <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
      <div style="font-size: 11pt; font-family: Arial;">&#160;</div>
      <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
      <div style="font-size: 11pt; font-family: Arial;">&#9744;&#160;&#160;&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))</div>
      <font style="font-family: Arial;"> </font>
      <div style="font-size: 11pt;"> <font style="font-family: Arial;"><br>
        </font> </div>
      <font style="font-family: Arial;"> </font>
      <div style="font-size: 11pt;">
        <div style="font-family: Arial;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17
          CFR&#160;&#167;240.12b-2). Emerging growth company &#9746;</div>
        <div><font style="font-family: Arial;"><br>
          </font> </div>
        <div style="font-family: Arial;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
          Section&#160;13(a) of the Exchange Act. &#9744;</div>
      </div>
      <font style="font-family: Arial;"> </font>
      <div style="margin-top: 10pt; font-size: 11pt; font-family: Arial;">Securities registered pursuant to Section&#160;12(b) of the Act:</div>
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              <div style="text-align: center; font-size: 11pt; font-weight: bold;"><font style="font-family: Arial;">Title&#160;of&#160;each&#160;class </font>
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              <div style="text-align: center; font-size: 11pt; font-weight: bold;"><font style="font-family: Arial;">Trading Symbol(s) </font>
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            </td>
            <td style="width: 32%; vertical-align: bottom;">
              <div style="text-align: center; font-size: 11pt; font-weight: bold; font-family: Arial;">Name&#160;of&#160;each&#160;exchange on&#160;which&#160;</div>
              <div style="text-align: center; font-size: 11pt; font-weight: bold;"><font style="font-family: Arial;">registered </font>
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              <div style="text-align: center; font-weight: normal; font-size: 11pt; font-family: Arial;">N/A</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="font-size: 11pt; font-family: Arial; font-weight: normal;">&#160;</div>
            </td>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; font-weight: normal; font-size: 11pt; font-family: Arial;">N/A</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="font-size: 11pt; font-family: Arial; font-weight: normal;">&#160;</div>
            </td>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; font-weight: normal; font-size: 11pt; font-family: Arial;">N/A</div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top; font-family: Arial;">&#160;</td>
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        <br>
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        </font> </div>
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                  <div style="font-weight: bold;">Item 3.02</div>
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                <td style="width: 90%; vertical-align: top; font-family: Arial; font-size: 11pt;">
                  <div style="text-align: justify; font-weight: bold;">Unregistered Sales of Equity Securities.</div>
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          <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; font-family: Arial; font-weight: normal;">On <font style="color: rgb(0, 0, 0);">August 31, 2021</font>, AG Twin Brook BDC, Inc. (the &#8220;Company&#8221;) delivered
            a capital drawdown notice to its investors due on <font style="color: rgb(0, 0, 0);">September 15, 2021</font> relating to the sale of <font style="color: rgb(0, 0, 0);">375,316</font> shares of the Company&#8217;s common stock, par value $0.001
            per share (the &#8220;Common Stock&#8221;) for an aggregate offering price of <font style="color: rgb(0, 0, 0);">$7,560,000</font>. The sale closed on <font style="color: rgb(0, 0, 0);">September 15, 2021</font>.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; font-family: Arial; font-weight: normal;">The sale of Common Stock was made pursuant to subscription agreements entered into by the Company and its
            investors. Under the terms of the subscription agreements, investors are required to fund drawdowns to purchase shares of Common Stock up to the amount of their respective capital commitments on an as-needed basis with a minimum of 10 days&#8217;
            prior notice to the funding date.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; font-family: Arial; font-weight: normal;">The sale of the Common Stock is exempt from the registration requirements of the Securities Act of 1933, as
            amended (the &#8220;Securities Act&#8221;), pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company has not engaged in general solicitation or advertising with regard to the issuance and sale of the Common Stock and has not offered
            securities to the public in connection with such issuance and sale. The Company relied, in part, upon representations from the investors in the subscription agreements that each investor was an accredited investor as defined in Regulation D
            under the Securities Act.</div>
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          <div>&#160;</div>
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          <div style="text-align: center; font-weight: bold; font-size: 11pt; font-family: Arial;">SIGNATURE</div>
          <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
          <div style="font-size: 11pt; font-family: Arial;">&#160;</div>
          <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
          <div style="font-size: 11pt; font-family: Arial;">Pursuant to the requirements of the Securities Exchange Act of 1934, AG Twin Brook BDC,&#160;Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
          <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
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          <font style="font-family: Arial;"> <font style="font-size: 11pt;"> </font> </font>
          <div style="float: right; width: 48%;" id="EFPFTCR">
            <div><font style="font-size: 11pt; font-weight: bold; font-family: Arial;">AG TWIN BROOK BDC, INC.</font><font style="font-size: 11pt; font-family: Arial;"> <br>
              </font> </div>
          </div>
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            <div><font style="font-size: 11pt; font-family: Arial;">Date: September 15, 2021</font><font style="font-size: 11pt; font-family: Arial;"><br>
              </font> </div>
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                    <div style="font-family: Arial; font-size: 11pt;">By:&#160;&#160;&#160;</div>
                  </td>
                  <td style="width: 84.99%; vertical-align: top;">
                    <div style="font-family: Arial; font-size: 11pt;"><u>/s/ Terrence Walters</u></div>
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                  <td style="width: 15.01%; vertical-align: top;">
                    <div style="font-family: Arial; font-size: 11pt;">Name:</div>
                  </td>
                  <td style="width: 84.99%; vertical-align: top;">
                    <div style="font-family: Arial; font-size: 11pt;">Terrence Walters</div>
                  </td>
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                  <td style="width: 15.01%; vertical-align: top;">
                    <div style="font-family: Arial; font-size: 11pt;">Title:</div>
                  </td>
                  <td style="width: 84.99%; vertical-align: top;">
                    <div style="font-family: Arial; font-size: 11pt;">Chief Financial Officer and Treasurer</div>
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{"company-data": {"conformed-name": "AG Twin Brook BDC, Inc.", "cik": "0001666384", "irs-number": "000000000", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "814-01259", "film-number": "211255651"}, "business-address": {"street1": "C/O AG TWIN BROOK MANAGER,LLC", "street2": "245 PARK AVENUE, 26TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10167", "phone": "212.692.2000"}, "mail-address": {"street1": "C/O AG TWIN BROOK MANAGER,LLC", "street2": "245 PARK AVENUE, 26TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10167"}, "former-company": {"former-conformed-name": "1889 BDC, Inc", "date-changed": "20160209"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
——————————
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(
d
) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
September

          15, 2021
——————————
AG Twin Brook BDC, Inc.
(Exact name of Registrant as Specified in Its Charter)
——————————
DELAWARE
814-01259
83-4184014
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
245 Park Avenue, 26
th
Floor
New York, NY 10167
(Address of Principal Executive Offices, Zip Code)
(212) 692-2000
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing 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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17
          CFR §240.12b-2). Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
          Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
N/A
N/A
N/A
Item 3.02
Unregistered Sales of Equity Securities.
On
August 31, 2021
, AG Twin Brook BDC, Inc. (the "Company") delivered
            a capital drawdown notice to its investors due on
September 15, 2021
relating to the sale of
375,316
shares of the Company's common stock, par value $0.001
            per share (the "Common Stock") for an aggregate offering price of
$7,560,000
. The sale closed on
September 15, 2021
.
The sale of Common Stock was made pursuant to subscription agreements entered into by the Company and its
            investors. Under the terms of the subscription agreements, investors are required to fund drawdowns to purchase shares of Common Stock up to the amount of their respective capital commitments on an as-needed basis with a minimum of 10 days'
            prior notice to the funding date.
The sale of the Common Stock is exempt from the registration requirements of the Securities Act of 1933, as
            amended (the "Securities Act"), pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company has not engaged in general solicitation or advertising with regard to the issuance and sale of the Common Stock and has not offered
            securities to the public in connection with such issuance and sale. The Company relied, in part, upon representations from the investors in the subscription agreements that each investor was an accredited investor as defined in Regulation D
            under the Securities Act.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, AG Twin Brook BDC, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AG TWIN BROOK BDC, INC.
Date: September 15, 2021
By:
/s/ Terrence Walters
Name:
Terrence Walters
Title:
Chief Financial Officer and Treasurer