AB Private Lending Fund 8-K

What Happened

• AB Private Lending Fund filed an 8‑K on February 20, 2026 announcing three main items: an unregistered sale of Class I common shares, regular distributions declared for February 2025, and the fund’s net asset value and offering status as of January 31, 2026.
• The Fund sold 126,671 unregistered Class I shares (sale recorded as of February 2, 2026; final share number determined Feb 20, 2026) for $3,184,398.50 under a private offering exempt from registration (Section 4(a)(2) and/or Regulation S). The private offering to feeder vehicles has, in total, issued 6,655,853 Class I shares for $166,991,056.71 as of this filing.
• The Fund declared a regular distribution for Class I shares of $0.20 per share (no shareholder servicing/distribution fee). Shareholders of record as of Feb 27, 2026 will receive the distribution on or about Mar 31, 2026, in cash or via reinvestment.

Key Details

• Unregistered sale (private offering): 126,671 Class I shares for $3,184,398.50 (sale date Feb 2, 2026; finalized Feb 20, 2026).
• Private Offering totals as of filing: 6,655,853 Class I shares issued for $166,991,056.71.
• Distribution: Class I gross and net distribution $0.20 per share; record date Feb 27, 2026; payment ~Mar 31, 2026.
• Fund financial snapshot (as of Jan 31, 2026): NAV per Class I share $25.14; aggregate NAV ≈ $165.1 million; investment portfolio fair value ≈ $350.6 million; debt outstanding ≈ $185.0 million (principal).
• Offering status: continuous public offering up to $1.0 billion; Fund intends to continue monthly sales in both the public Offering and Private Offering.

Why It Matters

• The filing shows the Fund is actively raising capital through both a continuous public offering and private placements to feeder vehicles, which increases the Fund’s invested capital and shareholder base.
• The declared $0.20 distribution for Class I provides a near‑term cash (or reinvestment) payment to holders with a clear record and pay date.
• The NAV, portfolio fair value, and principal debt figures give investors a snapshot of fund size and leverage as of Jan 31, 2026—useful for assessing per‑share value and financial position.