Lord Abbett Private Credit Fund 8-K

What Happened
Lord Abbett Private Credit Fund (the Fund) filed an 8-K on April 23, 2026 (Items 3.02, 7.01 and 8.01) reporting three material actions: it issued and sold approximately 1,752,181 common shares for an aggregate $43.4 million (purchase price $24.79/share); it disclosed portfolio metrics and recent loan activity as of March 31, 2026; and it declared a cash distribution of ~$0.22 per share. The share issuance was made pursuant to subscription agreements and relied on exemptions from Securities Act registration (Section 4(a)(2) and/or Regulation D) with purchasers representing they were accredited investors.

Key Details

• Share issuance: ~1,752,181 Common Shares issued (final count determined April 17, 2026) for ~$43.4 million total; price = $24.79 per share (equals reported NAV per share).
• Portfolio (as of March 31, 2026): loans to 51 companies, equity in 1 company, 1 joint venture; aggregate loan commitments ≈ $1,767M and par value ≈ $1,327.7M.
• Portfolio composition and metrics: ~95% senior secured debt (by par), 100% of debt investments floating‑rate (by par); weighted average yield on debt investments at cost = 9.4%; weighted average net leverage = 4.9x; median 12‑month EBITDA = $84M.
• Recent loan activity (Mar 1–31, 2026): commitments totaled $79.3M and par funded $45.5M across four issuers listed (AMP Purchaser LLC, Databricks Inc, LR Purchaser LLC, NDT Global Holding Inc).
• Distribution & NAV: Board declared ~$0.22 per share distribution (record April 30, 2026; pay on or about May 29, 2026). Aggregate NAV ≈ $672M and NAV per share = $24.79 as of March 31, 2026.
• Disclosure caveat: portfolio metrics were derived from portfolio company financials not independently verified; final results may change after financial close and the Fund’s 10‑Q.

Why It Matters

• Funding and capital: The Fund raised ~$43.4M through an exempt private share issuance at the reported NAV per share, which supplies capital without a public registered offering.
• Portfolio profile: The portfolio is concentrated in senior secured, floating‑rate loans with a reported weighted yield of 9.4%, indicating the Fund’s current income characteristics and interest‑rate sensitivity.
• Cash return to shareholders: The declared $0.22/share distribution provides a near‑term cash payment to holders with record and payment dates provided.
• Ongoing verification: Investors should note metrics come from portfolio company reports and the Fund warned that final audited/closed results may differ when the March quarter 10‑Q is filed.