Lord Abbett Private Credit Fund 8-K

What Happened

• Lord Abbett Private Credit Fund filed an 8-K (filed June 25, 2026) disclosing an unregistered issuance of approximately 231,222 common shares for an aggregate offering price of about $5.7 million (purchase price $24.79/share; final share count determined June 22, 2026). The sale was made under subscription agreements relying on Section 4(a)(2)/Regulation D exemptions and investor representations that purchasers were accredited.
• The fund also reported portfolio and NAV information as of May 31, 2026: aggregate net asset value (NAV) approximately $727 million and NAV per share $24.79. On June 23, 2026 the fund declared a distribution of ~$0.22 per share to shareholders of record on June 30, 2026, payable on or about July 28, 2026.

Key Details

• Portfolio size and composition (as of May 31, 2026): loan commitments ~ $1,933 million; par value of loans ~ $1,463 million; 95% senior secured debt and 5% joint venture (by par/cost); 100% of debt investments were floating-rate.
• Portfolio metrics: loans to 60 portfolio companies, 1 equity position, 1 joint venture; median 12-month EBITDA $90 million; weighted average net leverage 4.9x; weighted average loan-to-value 44%; interest coverage 2.4x; weighted average yield on debt investments at cost 9.4%.
• May 2026 loan activity: commitments $107.6 million and par funded $96.3 million across several issuers. Industry exposure (par/cost) totals $1,462.6 million; largest sectors include Aerospace & Defense (11.7%), Health Care Providers & Services (10.0%), and IT Services (9.1%).
• Regulatory/funding note: the share issuance was exempt from registration and based in part on purchaser accreditation representations.

Why It Matters

• The unregistered share sale raised about $5.7M and was done via private subscriptions rather than a public offering; investors should note this was an exempt issuance relying on accredited investor status.
• The fund’s portfolio is heavily weighted to senior secured, floating-rate loans (95% senior secured; 100% floating-rate), which is relevant to income expectations and sensitivity to interest rates. The reported weighted average yield on debt investments at cost is 9.4%, indicating current yield generation on the portfolio as reported.
• NAV and the declared $0.22/share distribution give investors current capital and income signals, but the filing cautions that final results may change after financial close and the quarter-end Form 10-Q filing.