AGL Private Credit Income Fund 8-K

What Happened
AGL Private Credit Income Fund filed an 8-K (Dec 23, 2025) disclosing approximately $276.4 million of additional investment commitments made from (but excluding) Sept 30, 2025 through Dec 22, 2025. At commitment these new investments carried a weighted-average loan-to-value of 33.5% (based on portfolio company financials) and initial funded par of about $232.6 million. The filing also shows portfolio metrics as of Dec 22, 2025 (weighted-average net leverage 5.6x, weighted-average loan-to-value 41.9%, weighted-average interest coverage 2.0x, and 93.3% of investments were financial sponsor‑backed). Separately, the Board declared a distribution of $0.62 per common share, payable Jan 29, 2026 to holders of record on Dec 22, 2025 (cash or reinvestment via the DRIP); the distribution is from taxable earnings and may include return of capital and/or capital gains.

Key Details

• Total new commitments: $276,382,000; initial funded par value: $232,568,000.
• Weighted-average loan-to-value at time of commitment: 33.5%.
• Portfolio metrics as of Dec 22, 2025: net leverage 5.6x; loan-to-value 41.9%; interest coverage 2.0x; 93.3% sponsor-backed.
• Board declared distribution: $0.62 per share, record date Dec 22, 2025, payable Jan 29, 2026; payable in cash or via dividend reinvestment plan.

Why It Matters
For shareholders, the new commitments indicate the fund is actively deploying capital into private credit loans that carried moderate loan‑to‑value ratios at origination and pay interest at spreads over SOFR (spreads in the disclosed transactions ranged from SOFR+4.50% to SOFR+10.00%), which can support future income. The declared $0.62 per-share distribution is a near-term cash return (or reinvestment option) to investors and will be paid from taxable earnings as stated. Investors should note the fund’s portfolio leverage and interest coverage metrics reported as of Dec 22, 2025, which provide context on credit risk and income coverage but do not predict future performance.