AGL Private Credit Income Fund 8-K

What Happened

• AGL Private Credit Income Fund filed an 8-K on June 29, 2026 announcing three material actions: it closed a $30,000,000 unregistered sale of 1,289,767.84 common shares on June 26, 2026 (pursuant to a June 11 drawdown notice under shareholder subscription agreements); it committed to approximately $102.5 million of additional debt investments after March 31, 2026; and on June 23, 2026 the Board declared a distribution of $0.60 per share, payable July 30, 2026 to holders of record as of June 23, 2026.
• The share issuance was made under the subscription agreements and relied on Section 4(a)(2) and Regulation D exemptions, with the company relying on shareholder representations that they are accredited investors.

Key Details

• Share issuance: 1,289,767.84 common shares for an aggregate $30,000,000 (closed June 26, 2026; drawdown notice dated June 11, 2026).
• New investment commitments: approximately $102.5 million aggregate commitments to non-controlled, non‑affiliated debt investments (examples: Invited, Inc. — SOFR + 5.25%, commitment $62.5M; AWP Group Holdings, Inc. — SOFR + 5.25%, commitment $40.0M). Initial funded amounts total about $89.52M. Weighted average spread on the debt investments ~5.3% and weighted average loan-to-value ~60.5% (portfolio metrics as reported).
• Portfolio snapshot (as of June 23, 2026): weighted average net leverage 5.8x, weighted average loan-to-value 40.3%, weighted average interest coverage 2.0x, and ~93% of investments are financial sponsor backed.
• Distribution: $0.60 per share declared (from taxable earnings, which may include return of capital and/or capital gains), payable July 30, 2026; shareholders may receive cash or reinvest under the dividend reinvestment plan.

Why It Matters

• The $30M capital raise increases the company’s available capital to fund the newly committed loans and other investments, supporting portfolio growth without a public offering.
• The ~$102.5M of new commitments — at relatively high spreads (SOFR +5.25%, weighted avg ~5.3%) — shows ongoing deployment activity and potential interest income, though portions remain initially funded (total funded ~$89.52M as reported).
• The $0.60/share distribution is a near-term cash return for shareholders (or reinvestment option) and sets the cash payout timeline (record date June 23, payable July 30).
• Reliance on Regulation D/Section 4(a)(2) confirms the share sale was a private placement to accredited investors, not a registered public offering.