AB Private Credit Investors Corp: enters into financing agreements

What happened ABPCI Private Funding V LLC, an indirect wholly-owned subsidiary of AB Private Credit Investors Corporation, entered into an Indenture and Security Agreement with U.S. Bank Trust Company, National Association, as collateral trustee on Oct 15, 2026. In connection with the Indenture, the issuer entered into a Class A Credit Agreement with KeyBank National Association and others, a Securities Account Control Agreement with U.S. Bank National Association as custodian, a Collateral Management Agreement with AB Private Credit Investors LLC as collateral manager, a Collateral Administration Agreement, and a Loan Sale and Contribution Agreement among the fund, a depositor subsidiary and the issuer. Under the Credit Agreement, the issuer will borrow $195,000,000 Class A-T Term Loans on the Closing Date and may borrow up to $30,000,000 in Class A-D Delayed Drawdown Term Loans through Feb 12, 2027.

Key details

• Interest on Class A-T Loans and Class A-D Loans will equal three-month SOFR plus a spread of 1.74% per annum; interest payable quarterly in arrears.
• A commitment fee of 0.20% per annum will accrue on the undrawn Class A-D Loans until the commitments are reduced to zero; payable quarterly in arrears.
• The issuer will issue Subordinated Delayed Drawdown Notes in a maximum principal amount of up to $105,900,000 and drew $93,600,000 on the Subordinated Notes on the Closing Date; Subordinated Notes do not bear interest and are subordinated to the Class A-T and Class A-D Loans.
• The Class A-T Loans, Class A-D Loans and any Class A Notes will be secured by all assets held by the issuer; outstanding aggregate amount under the Indenture and Credit Agreement may not exceed $225,000,000 absent an increase under the agreements. Maturity is the earlier of Sep 30, 2035 or certain accelerated events.

Why it may matter The filing reports Item 1.01 (entry into material definitive agreements) and Item 2.03 (creation of a direct financial obligation), describing the credit facility, related security and collateral arrangements, and the issuance and draw of subordinated notes. A filing does not show why the insider traded or why the company acted.