Lord Abbett Private Credit Fund 8-K

What Happened
Lord Abbett Private Credit Fund filed an 8-K reporting that, as of February 2, 2026 (final share count determined Feb 23, 2026), it issued and sold approximately 1,899,681 common shares for an aggregate of about $47.6 million at $25.08 per share. The Fund also declared a distribution of approximately $0.22 per share (record date Feb 28, 2026; payable on or about Mar 26, 2026). The filing includes a Regulation FD portfolio update as of January 31, 2026 and notes that final results may change pending financial close and the Form 10-Q for the quarter ending Mar 31, 2026.

Key Details

• Issuance: ~1,899,681 common shares sold for ~$47.6M total; purchase price $25.08/share; offering exempt from registration under Section 4(a)(2)/Reg D.
• Distribution: $0.22 per share declared; record date Feb 28, 2026; expected pay date on/about Mar 26, 2026.
• NAV: Aggregate NAV ≈ $617 million as of Jan 31, 2026; NAV per share $25.08 as of Jan 31, 2026.
• Portfolio (as of Jan 31, 2026): loans to 48 companies, equity in 1, 1 JV; $1,742M total loan commitments and ~$1,330M par value; 95% senior secured debt and 100% of debt investments are floating-rate. Key portfolio metrics — median 12‑month EBITDA $80M; weighted average net leverage 4.8x; weighted average LTV 42%; interest coverage 2.3x; weighted average yield on debt investments (at cost) 9.3%. Recent January loan activity: $113.0M in commitments and $73.6M par across five issuers.

Why It Matters
The share issuance raises about $47.6M of capital and was priced at the reported NAV per share ($25.08), which can help fund new or existing loans without an immediate premium/discount to NAV. The declared $0.22/share distribution is a near-term cash return to holders and will reduce NAV when paid. The portfolio update shows concentrated exposure to private senior secured, floating-rate loans with a reported yield of 9.3% and meaningful leverage (4.8x median net leverage and 2.3x interest coverage), signaling both income potential and credit risk. All figures are preliminary and unaudited; investors should review the Fund’s upcoming Form 10-Q for finalized financials.