AGL Private Credit Income Fund Raises $70M, Declares $0.60 Distribution

What Happened

• AGL Private Credit Income Fund filed an 8‑K reporting three material items: the closing of an unregistered sale of 2,988,898.38 common shares for $70,000,000 on September 28, 2026 (pursuant to a September 14, 2026 drawdown notice); additional new investment commitments totaling approximately $292.6 million (with roughly $243.7 million initially funded as of the report); and a Board‑declared distribution of $0.60 per common share payable October 29, 2026 to shareholders of record as of September 24, 2026.
• The share issuance was made under subscription agreements and claimed exemption from registration under Section 4(a)(2) and Regulation D, relying on investor representations that purchasers are accredited investors.

Key Details

• Unregistered share sale: 2,988,898.38 common shares for aggregate proceeds of $70,000,000 (closed 9/28/2026; funded after a 9/14/2026 drawdown notice).
• New investment commitments: ~$292.6M in commitments across debt and equity; $243.688M initially funded. Weighted average debt spread ~5.2% and weighted average loan‑to‑value ~40.4% (per portfolio company statements). Major commitments include C3 AcquisitionCo ($75M commit, $50.41M funded) and Creation Technologies ($50M commit, $36.571M funded).
• Portfolio metrics (as of 9/25/2026): weighted average net leverage 5.7x, weighted average LTV 42.1%, weighted average interest coverage 2.4x, and 94.7% of investments are financial sponsor‑backed.
• Distribution: $0.60 per share declared 9/24/2026, payable 10/29/2026; may be paid in cash or reinvested via the dividend reinvestment plan and is from taxable earnings (may include return of capital and/or capital gains).

Why It Matters

• The $70M capital raise and follow‑on investment funding show the company is drawing on committed capital to deploy into new debt and equity positions; investors should note the scale of recent commitments ($292.6M) and the portion already funded ($243.7M).
• Portfolio metrics (leverage, LTV, interest coverage) provide a snapshot of credit risk and capital structure—net leverage of 5.7x and interest coverage of 2.4x are key numbers for assessing income sustainability and risk.
• The $0.60/share distribution provides immediate cash (or reinvestment) to holders and is payable on Oct 29, 2026; retail holders should check whether the distribution is treated as taxable income, return of capital, or capital gains for tax reporting.