LGAM Private Credit LLC Reports Unregistered Unit Sale and Declares Distribution

What Happened
LGAM Private Credit LLC filed an 8-K on September 24, 2026 announcing two main events: (1) an unregistered sale of approximately 55,206 common units for an aggregate offering price of about $1.1 million (purchase price $19.46 per unit, with the final unit count determined September 22, 2026), and (2) a declared regular distribution of $0.1378 per unit to unitholders of record as of September 30, 2026, payable on or around October 5, 2026. The unit issuance was made under subscription agreements and relied on exemptions from registration under Regulation S (representations that purchasers were non-U.S. persons).

Key Details

• Unit sale: ~55,206 Units, aggregate proceeds ≈ $1.1 million, $19.46 per unit; sale completed pursuant to subscription agreements and exempt under Regulation S.
• Distribution: $0.1378 per unit declared September 22, 2026; record date Sept 30, 2026; payable on or about Oct 5, 2026.
• Portfolio size/composition (as of Aug 31, 2026): 144 portfolio companies across 32 industries; aggregate par value ≈ $645.3 million; ~99.2% first‑lien debt and ~0.8% other investments.
• Financial position (as of Aug 31, 2026): estimated NAV ≈ $246.0 million; outstanding debt (principal) ≈ $305.7 million; ~99.9% of debt investments were floating‑rate.

Why It Matters
For investors, the filing shows the Fund is raising capital via an exemption-based private subscription and continuing to pay regular distributions. The portfolio and NAV snapshot give a recent view of scale (≈$645M in investments) and leverage (≈$305.7M debt principal) that affect risk and income potential. The high proportion of first‑lien, floating‑rate debt indicates the Fund’s exposure to senior credit and floating interest rates; the estimated NAV is preliminary and subject to change after financial close and subsequent events.