Audax Private Credit Fund, LLC 8-K

What Happened
Audax Private Credit Fund, LLC filed an 8-K (dated January 23, 2026) reporting that its wholly owned subsidiary APCF SPV I, LLC entered into an amendment to the Loan and Servicing Agreement on January 22, 2026. The Amendment increases the size of the credit facility, extends the maturity and reinvestment periods, and slightly reduces the facility margins. Key parties include Audax Management Company (NY), LLC (collateral manager), Wells Fargo Bank, N.A. (swingline lender and administrative agent) and Computershare Trust Company, N.A. (collateral custodian/agent). The full Amendment is filed as Exhibit 10.1 to the 8-K.

Key Details

• Credit facility size increased from $600 million to $800 million.
• Maturity extended from September 30, 2030 to January 22, 2031; reinvestment period extended from September 29, 2028 to January 22, 2029.
• Facility margin (pre-default) reduced from 2.00% to 1.90% per annum; post-default margin reduced from 4.00% to 3.90% per annum.
• Borrowings remain subject to the agreement’s covenants and leverage limits under the Investment Company Act of 1940.

Why It Matters
For investors, the amendment increases the Fund’s available borrowing capacity and extends the timeline for the facility and reinvestment period, which can support deal activity and liquidity planning. Slight reductions in the facility margin modestly lower borrowing costs. All borrowings remain constrained by the Fund’s covenants and federal leverage rules, so the amendment changes capacity and pricing but does not remove existing regulatory or contractual limits.