8-KFiled Aug 26, 8:00 PM ET
Fidelity Private Credit Company LLC Amends Revolving Credit Facility to $600M
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Fidelity Private Credit Company LLC Amends Revolving Credit Facility to $600M
What Happened
- Fidelity Private Credit Company LLC filed an 8‑K (dated August 27, 2026) disclosing that on August 25, 2026 it entered into a Second Amendment to its Senior Secured Revolving Credit Agreement. The amendment was made with the lenders and issuing banks, subsidiary guarantors (limited purpose), and Truist Bank acting as Administrative Agent and Collateral Agent.
- The amendment increases the aggregate lender commitments from $430,000,000 to $600,000,000, extends the facility maturity and commitment dates, expands the accordion capacity, and removes certain credit spread adjustments for loans in Dollars or agreed foreign currencies.
Key Details
- Commitments increased from $430,000,000 to $600,000,000 (with accordion capacity raised to allow up to $900,000,000 total).
- Maturity Date extended from June 14, 2030 to August 25, 2031.
- Commitment Termination Date extended from June 15, 2029 to August 23, 2030.
- Eliminates the credit spread adjustments that applied to Loans denominated in Dollars or any Agreed Foreign Currency.
Why It Matters
- The amendment materially increases the Fund’s available borrowing capacity and flexibility (current facility now $600M, potentially up to $900M), and extends the timeline for the credit facility — factors that affect liquidity planning and financing options.
- Removing the credit spread adjustments could change the effective interest cost on future borrowings under the facility.
- Investors should note this is a material financing amendment (Item 1.01) filed on Form 8‑K; monitor future disclosures for how the Fund uses the expanded capacity and any related changes in leverage or financing costs.