PGIM Private Credit Fund Files 8-K Report
Ticker: PGIM · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1923622
| Field | Detail |
|---|---|
| Company | Pgim Private Credit Fund (PGIM) |
| Form Type | 8-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $112.3 m, $128.6 m, $20.4 million, $2.5 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: disclosure, regulation-fd, 8-k
TL;DR
PGIM Private Credit Fund dropped an 8-K on July 1st about June 25th events.
AI Summary
On June 25, 2024, PGIM Private Credit Fund filed an 8-K report detailing a Regulation FD Disclosure and other events. The filing was made on July 1, 2024, and pertains to the company's operations and disclosures.
Why It Matters
This filing provides important updates and disclosures for investors and stakeholders of the PGIM Private Credit Fund, ensuring transparency in its operations.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report for disclosures and does not indicate any immediate financial distress or significant negative events.
Key Players & Entities
- PGIM Private Credit Fund (company) — Registrant
- June 25, 2024 (date) — Earliest event reported
- July 1, 2024 (date) — Date of report filing
- 655 Broad Street Newark, New Jersey 07102-4410 (address) — Principal executive offices
FAQ
What type of events are typically disclosed in an 8-K filing like this?
An 8-K filing is used to report material events or corporate changes that shareholders should be aware of, such as acquisitions, bankruptcy, changes in management, or financial condition updates.
What is the significance of the filing date being July 1, 2024, for events on June 25, 2024?
Companies are required to file an 8-K within four business days of the triggering event, so the July 1st filing for June 25th events is within the standard reporting timeframe.
What does 'Regulation FD Disclosure' mean in this context?
Regulation FD (Fair Disclosure) ensures that material information is disclosed to the public simultaneously, preventing selective disclosure to analysts or institutional investors.
What is the role of the 'Central Index Key' (CIK)?
The CIK is a unique identifier assigned to each entity that files with the SEC, used to track filings and company information.
What was the former name of PGIM Private Credit Fund?
The former name of PGIM Private Credit Fund was PGIM Senior Loan Opportunities Fund, with a date of name change on April 14, 2022.
Filing Stats: 758 words · 3 min read · ~3 pages · Grade level 9.5 · Accepted 2024-07-01 14:05:41
Key Financial Figures
- $112.3 m — 31, 2024, the Fund's aggregate NAV was $112.3 million, the fair value of its investment
- $128.6 m — r value of its investment portfolio was $128.6 million, and it had $20.4 million of debt
- $20.4 million — ortfolio was $128.6 million, and it had $20.4 million of debt outstanding (at principal). St
- $2.5 billion — ly offering on a continuous basis up to $2.5 billion in Shares (the " Offering "). Additiona
Filing Documents
- tm2418479d1_8k.htm (8-K) — 38KB
- 0001104659-24-076766.txt ( ) — 202KB
- none-20240625.xsd (EX-101.SCH) — 3KB
- none-20240625_lab.xml (EX-101.LAB) — 33KB
- none-20240625_pre.xml (EX-101.PRE) — 22KB
- tm2418479d1_8k_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. June 2024 Distributions On June 21, 2024, PGIM Private Credit Fund (the " Fund ") declared a regular distribution for Class S shares, Class D shares and Class I shares of beneficial interest (the " Shares ") in the amounts per share set forth below: Distribution Class S Common Shares $ 0.20680 Class D Common Shares $ 0.22100 Class I Common Shares $ 0.22500 The distribution for the Shares is payable to shareholders of record as of the open of business on June 28, 2024 and will be paid on or about July 29, 2024. This distribution will be paid in cash or reinvested in shares of the Fund's Shares for shareholders participating in the Fund's distribution reinvestment plan (" DRIP ").
01. Other Events
Item 8.01. Other Events. Net Asset Value The net asset value (" NAV ") per share of each class of the Fund as of May 31, 2024, as determined in accordance with the Fund's valuation policy, is set forth below. NAV as of May 31, 2024 Class S Common Shares $ 25.26 Class D Common Shares $ 25.25 Class I Common Shares $ 24.82 As of May 31, 2024, the Fund's aggregate NAV was $112.3 million, the fair value of its investment portfolio was $128.6 million, and it had $20.4 million of debt outstanding (at principal). Status of Offering The Fund is currently publicly offering on a continuous basis up to $2.5 billion in Shares (the " Offering "). Additionally, the Fund has sold shares that are exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereunder (the " Private Offering "). The following table lists the Shares issued and total consideration for both the Offering and the Private Offering as of the date of this filing, reflective of transfers between share classes. The table below does not include Shares sold through the Fund's DRIP. The Fund intends to continue selling Shares in the Offering and the Private Offering on a monthly basis. Common Shares Issued Total Consideration Offering: Class S Common Shares — $ — Class D Common Shares — $ — Class I Common Shares 41,639 $ 1,027,500 Private Offering: Class S Common Shares 382 $ 10,000 Class D Common Shares 382 $ 10,000 Class I Common Shares 4,285,940 $ 109,102,500 Total Offering and Private Offering * 4,328,343 $ 110,150,000 * Amounts may not sum due to rounding. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PGIM PRIVATE CREDIT FUND Date: July 1, 2024 By: /s/ Elyse M. McLaughlin Name: Elyse M. McLaughlin Title: Treasurer and Principal Accounting Off