Lord Abbett Private Credit Fund 8-K

What Happened
Lord Abbett Private Credit Fund filed an 8‑K on May 29, 2026 reporting that it issued approximately 379,963 common shares for an aggregate purchase price of about $9.4 million (purchase price $24.78/share; final share count determined May 26, 2026). The offering was made under subscription agreements and relied on exemptions from registration under Section 4(a)(2) and Regulation D, with purchaser representations that they were accredited investors. The filing also discloses the Fund’s portfolio and operating metrics as of April 30, 2026, and a declared distribution of approximately $0.22 per share for holders of record May 31, 2026 (payable on or about June 26, 2026).

Key Details

• Unregistered share issuance: ~379,963 Common Shares for ~$9.4 million at $24.78 per share (offer settled May 1; final count May 26, 2026).
• Portfolio totals (as of April 30, 2026): loan commitments ≈ $1,860M; par value ≈ $1,394.7M; portfolio 96% senior secured debt and 4% joint venture/equity.
• Portfolio metrics: 100% of debt investments were floating‑rate; median 12‑month EBITDA $88M; weighted average net leverage 5.0x; weighted avg loan‑to‑value 44%; interest coverage 2.3x; weighted average yield on debt investments at cost 9.4%.
• Distribution & NAV: declared $0.22 per share (record May 31, pay ~June 26); aggregate NAV ≈ $716M and NAV per share $24.78 (as of April 30, 2026).

Why It Matters
The Fund raised about $9.4M through an exempt private sale at a price equal to its reported April 30 NAV per share ($24.78), which adds capital without a registered public offering. The portfolio is primarily private senior secured, floating‑rate loans (99% of commitments in private senior secured loans), with a reported yield of 9.4% at cost—facts investors watch for income potential and interest‑rate sensitivity. The declared $0.22/share distribution and reported NAV provide near‑term cash return and a snapshot of value; final figures may change when the Fund completes financial close and files its Form 10‑Q.