T. Rowe Price OHA Select Private Credit Fund 8-K

What Happened
T. Rowe Price OHA Select Private Credit Fund announced on June 25, 2026 that it priced an offering of $400,000,000 in aggregate principal amount of its 6.500% Notes due July 2, 2031. The Notes were priced at 98.900% of par in a private placement to qualified institutional buyers (Rule 144A) and certain non‑U.S. investors (Reg S). Interest is payable semi‑annually on January 2 and July 2, beginning January 2, 2027. The offering is expected to close on or about July 2, 2026, subject to customary closing conditions.

Key Details

• Size: $400,000,000 aggregate principal amount.
• Coupon and price: 6.500% coupon, offered at 98.900% of principal.
• Maturity and redemption: matures July 2, 2031; callable in whole or in part prior to June 2, 2031 at par plus a make‑whole premium, and at par on/after June 2, 2031.
• Placement and use of proceeds: private placement to Rule 144A/Reg S investors; fund expects to use net proceeds to make investments per its strategy, reduce borrowings and repay indebtedness under financing agreements, and for general corporate purposes.

Why It Matters
If completed, the transaction would add $400 million of funded debt carrying a 6.50% coupon, with semiannual interest payments, which affects the Fund’s capital structure and future interest obligations. The filing states proceeds are intended to be deployed into the Fund’s investment activities and to reduce existing borrowings—actions that could influence leverage and liquidity. The Notes were not registered under the Securities Act and were offered only to qualified or non‑U.S. buyers; the announcement is not an offer to sell. The 8‑K also includes a standard cautionary note on forward‑looking statements.