PGIM Private Credit Fund 8-K

What Happened

• PGIM Private Credit Fund (the Fund) filed an 8-K (Jan 28, 2026) disclosing a regular distribution declared Jan 23, 2026 for Class S, D and I shares, payable on or about Feb 23, 2026 to shareholders of record as of Jan 30, 2026. Shareholders may receive the distribution in cash or via the Fund’s distribution reinvestment plan (DRIP).
• The filing also reported the Fund’s net asset value (NAV) per share as of Dec 31, 2025 and portfolio/financing summary, and provided the status and historical sales totals for the Fund’s continuous public Offering (up to $2.5 billion) and a concurrent private offering (Section 4(a)(2)).

Key Details

• Distributions declared (per share): Class S $0.19506; Class D $0.20732; Class I $0.21243. Record date: Jan 30, 2026. Payable on/about Feb 23, 2026. DRIP available.
• NAV per share (as of Dec 31, 2025): Class S $25.42; Class D $25.36; Class I $24.87.
• Fund totals (Dec 31, 2025): aggregate NAV $204.7 million; investment portfolio fair value $361.6 million; debt outstanding (principal) $173.6 million.
• Offering and Private Offering sales (to date): total 8,448,075 shares and $212,559,295 total consideration. Examples: Public Offering — Class I: 4,154,999 shares for $103,251,691; Private Offering — Class I: 4,285,940 shares for $109,102,500. The Fund intends to continue monthly sales.

Why It Matters

• Income: The declared per-share distributions are the immediate item most relevant to income-oriented shareholders; investors can elect cash or reinvest via DRIP.
• Financial position: The NAV, portfolio fair value and principal debt figures give investors a snapshot of the Fund’s size and leverage as of Dec 31, 2025 (portfolio fair value notably exceeds NAV and outstanding principal).
• Capital raising: Ongoing public and private share sales (including large Class I private sales) show the Fund is actively raising capital, which can support portfolio growth but may affect supply of shares and future per-share metrics.