LGAM Private Credit LLC 8-K

What Happened

• LGAM Private Credit LLC filed an 8-K on May 27, 2026 reporting (1) an unregistered sale of approximately 394,562 common units for an aggregate price of about $7.7 million (purchase price $19.61 per unit; final unit count determined May 26, 2026) pursuant to subscription agreements relying on Regulation S, and (2) a Regulation FD disclosure that the Fund declared a regular distribution of $0.1389 per unit on May 26, 2026, payable on or about June 3, 2026 to holders of record as of May 31, 2026. (Items 3.02 and 7.01)

Key Details

• Units sold: ~394,562 common units for ~$7.7 million; $19.61 per unit (Regulation S; non‑U.S. purchasers representations).
• Distribution: $0.1389 per unit declared May 26, 2026; payable ~June 3, 2026 to record holders on May 31, 2026.
• Portfolio (as of April 30, 2026): investments in 145 portfolio companies across 33 industries; aggregate par value ~ $664.1 million.
• Portfolio composition and NAV: ~99.4% first‑lien debt, ~99.9% of debt investments are floating‑rate; estimated net asset value ≈ $242.3 million; debt outstanding (principal) ≈ $307.7 million.

Why It Matters

• The unit sale raises additional equity capital (~$7.7M) outside the U.S. under Regulation S. The declared distribution signals a current cash payout to unitholders with a specified record and payment date. The portfolio update shows the Fund is heavily invested in first‑lien, floating‑rate debt across many industries (software largest at 19.0%), and reports an estimated NAV of $242.3M versus $307.7M of principal debt outstanding as of April 30, 2026. Final NAV may change when financial close procedures are completed and as subsequent events are reviewed.