LGAM Private Credit LLC 8-K

What Happened

• LGAM Private Credit LLC filed an 8-K on December 29, 2025. The Company sold approximately 513,689 common units (final unit count determined Dec 22, 2025) at $19.99 per unit for an aggregate offering price of about $10.3 million (sale effective as of Dec 1, 2025). The issuance was made under Regulation S and other exemptions, with purchasers representing they were not U.S. persons.
• The Fund also disclosed a regular distribution of $0.1416 per unit declared on December 22, 2025, payable on or around January 6, 2026 to holders of record as of December 31, 2025.

Key Details

• Unit sale: ~513,689 Units; $19.99 per Unit; aggregate ≈ $10.3 million; purchase agreements finalized Dec 22, 2025; issuance exempt under Regulation S.
• Distribution: $0.1416 per unit declared Dec 22, 2025; payable ~Jan 6, 2026; record date Dec 31, 2025.
• Portfolio (as of Nov 30, 2025): investments in 127 portfolio companies across 33 industries; aggregate par value ≈ $533.9 million.
• Portfolio composition: ~99.2% first-lien debt, ~0.3% second-lien, ~0.5% other (by par/cost); ~99.9% of debt is floating-rate; new commitments in Nov ≈ $41.7 million (all first-lien).
• Estimated NAV (as of Nov 30, 2025): ≈ $211.4 million; outstanding debt (principal) ≈ $216.7 million. Top industry exposures: Software 18.9%, Professional Services 10.8%.

Why It Matters

• The unit sale raises roughly $10.3M of additional capital, which may be used for new investments or liquidity needs; the Regulation S exemption indicates these were non-U.S. purchasers.
• The declared distribution provides a near-term cash payment to unitholders ($0.1416/unit).
• Portfolio and NAV figures give investors a snapshot of the Fund’s size, leverage (debt vs. NAV), asset mix (predominantly first‑lien, floating-rate loans) and sector concentration (notably software). Final NAV may change after financial closing procedures and subsequent events.