AGL Private Credit Income Fund 8-K

What Happened

• AGL Private Credit Income Fund filed an 8‑K disclosing that on December 29, 2025 it closed the sale of 2,139,495.08 common shares for aggregate proceeds of $50,000,000. The capital was called via a drawdown notice delivered to shareholders on December 12, 2025 and sold under existing subscription agreements (minimum 10 days’ prior notice).
• The company also disclosed, under Regulation FD, that between (but excluding) September 30, 2025 and December 29, 2025 it committed to additional debt investments representing aggregate commitments of approximately $286.4 million (initial funded par of $242.628 million). At the time of commitment the weighted average loan‑to‑value was 33.8%. As of December 29, 2025, portfolio metrics included weighted average net leverage 5.6x, weighted average LTV 41.9%, weighted average interest coverage 2.0x, and 92.2% financial sponsor backed. The company noted it disposed of its entire exposure to First Brands Group, LLC during Q4 2025.
• The share issuance was made pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act and Regulation D; the company relied on shareholder representations that purchasers were accredited investors.

Key Details

• Share issuance: 2,139,495.08 common shares closed on Dec 29, 2025 for $50,000,000; drawdown notice dated Dec 12, 2025; sold to existing subscribers under subscription agreements.
• New investment commitments: approx. $286.4 million total commitments; initial funded par reported $242.628 million.
• Selected large commitments (commitment / initial funded par): Maverick Power, LLC $100.0M / $100.0M; Wrench Group LLC $35.0M / $27.5M; Edition Holdings, Inc. $42.166M / $27.787M; Continental Buyer, Inc. $45.0M / $35.0M.
• Portfolio metrics (Dec 29, 2025): weighted avg net leverage 5.6x; weighted avg LTV 41.9%; weighted avg interest coverage 2.0x; 92.2% of portfolio is financial sponsor backed. Disposed of First Brands exposure in Q4 2025.

Why It Matters

• The $50M capital call and share issuance shows the fund is drawing committed capital from existing investors to fund activity rather than registering a public offering. That increases available capital for deploying into new investments.
• The roughly $286.4M of new debt commitments materially increases the fund’s investment pipeline and funded exposure (initial funded par $242.6M), while reported portfolio metrics (LTV, leverage, interest coverage) give investors a snapshot of credit risk and sponsorship exposure as of Dec 29, 2025.
• Investors should note the issuance was made under private placement exemptions (Section 4(a)(2) / Regulation D) and the fund’s continued reliance on drawdowns under subscription agreements when assessing future capital needs and potential effects on NAV or distributions.