AB Private Lending Fund 8-K
Research Summary
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AB Private Lending Fund Amends Warehouse Credit Facility, Extends Maturity
What Happened
- On February 9, 2026, ABPLF SPV I LLC (the Borrower), a wholly‑owned subsidiary of AB Private Lending Fund, entered a second amendment to its warehouse credit agreement (the ABPLF Credit Facility). The amendment was filed on Form 8‑K on February 13, 2026 (Item 1.01).
- The amendment reduces borrowing costs for certain classes of loans, lowers the interest rate caps, extends the facility’s stated maturity, and extends the reinvestment period. The amendment is attached as Exhibit 10.1 to the filing.
Key Details
- Margin reductions for Class A‑R and Class A‑T Loans: from 1.95% to 1.80% through the reinvestment period, and from 2.45% to 2.30% after the reinvestment period.
- Interest rate cap reductions: from 2.25% to 1.80% during the reinvestment period, and from 2.45% to 2.30% after the reinvestment period.
- Maturity extended to February 9, 2035; reinvestment period extended to February 9, 2028.
- Agents/parties named include Bank of Nova Scotia (administrative agent), U.S. Bank Trust Company, N.A. (collateral agent/collateral administrator), and U.S. Bank National Association (custodian).
Why It Matters
- For investors, the amendment lowers the effective borrowing costs on the Fund’s warehouse facility for the covered loan classes and reduces interest rate caps, which can improve net interest spreads and financing flexibility.
- Extending the reinvestment period to 2028 and the maturity to 2035 gives the Fund’s subsidiary a longer window to finance and manage its loan portfolio under the facility.
- The filing also references Item 2.03 (creation of a direct financial obligation), indicating this amendment affects the Fund’s subsidiary’s indebtedness; the full amendment text is available as Exhibit 10.1.