PGIM Private Credit Fund Increases SPV Credit Facility to $200M

What Happened PGIM Private Credit Fund (the Fund) filed an 8‑K disclosing that its wholly owned SPV, PGIM Private Credit Fund ABL LLC, entered into Amendment No. 1 to the Loan and Servicing Agreement dated September 18, 2026. The amendment revises the Loan Financing and Servicing Agreement with Deutsche Bank AG, New York Branch (facility agent), State Street Bank and Trust Company (collateral agent/custodian), the Fund (equityholder and servicer), the SPV (borrower), and the lenders.

Key Details

• The credit facility available to the SPV was increased from $100 million to $200 million.
• The Amendment (dated Sept. 18, 2026) also amended the applicable margin and revised certain concentration and reporting requirements.
• The transaction was reported under Item 1.01 (Entry into a Material Definitive Agreement) and also noted under Item 2.03 (Creation of a Direct Financial Obligation).
• The full Amendment is filed as Exhibit 10.1 to the Form 8‑K.

Why It Matters For investors, this amendment expands the SPV’s borrowing capacity and alters pricing and covenant/reporting terms, which can affect liquidity and risk profile of the Fund’s financing structure. The change creates a larger secured financing commitment for the SPV (and thus a direct financial obligation noted in the 8‑K), so investors should be aware of the increased leverage capacity and any related covenant or margin changes disclosed in the filed amendment.