Lord Abbett Private Credit Fund·8-K

Jun 3, 3:20 PM ET

Compare

Lord Abbett Private Credit Fund 8-K

Research Summary

AI-generated summary

Updated

Lord Abbett Private Credit Fund Amends Loan Agreement, Boosts Commitments to $450M

What Happened
Lord Abbett Private Credit Fund filed an 8-K reporting that on June 1, 2026 its wholly owned financing subsidiary, Lord Abbett PCF Financing 2 LLC, entered into Amendment No. 2 to the Loan and Security Agreement (the “Second Amendment”). The amendment increases the total lender commitments under the Loan Agreement from $400,000,000 to $450,000,000. The Loan Agreement involves Royal Bank of Canada as administrative agent and Computershare Trust Company, N.A. as collateral agent/custodian; the original agreement is dated December 1, 2025.

Key Details

  • Amendment No. 2 executed on June 1, 2026 (the Closing Date).
  • Borrower: Lord Abbett PCF Financing 2 LLC (wholly owned special purpose financing subsidiary).
  • Commitments increased from $400,000,000 to $450,000,000 (an additional $50,000,000 of capacity).
  • Administrative agent: Royal Bank of Canada; collateral agent/custodian: Computershare Trust Company, N.A.; full amendment is filed as Exhibit 10.1.

Why It Matters
This filing documents a material financing change for the Fund’s financing vehicle: it expands the available credit capacity by $50 million, which can affect the Fund’s ability to finance investments or manage liquidity through that SPV. The amendment is a material definitive agreement and establishes additional direct financial obligations for the financing subsidiary, which investors should note when assessing the Fund’s leverage and financing structure.

Loading document...