PGIM Private Credit Fund Files 8-K Report
Ticker: PGIM · Form: 8-K · Filed: Oct 25, 2024 · CIK: 1923622
| Field | Detail |
|---|---|
| Company | Pgim Private Credit Fund (PGIM) |
| Form Type | 8-K |
| Filed Date | Oct 25, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $117.2 m, $172.9 m, $68.4 million, $2.5 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: disclosure, regulation-fd, fund-reporting
TL;DR
PGIM Private Credit Fund dropped an 8-K on 10/25 detailing events as of 10/22.
AI Summary
On October 22, 2024, PGIM Private Credit Fund filed an 8-K report to disclose information under Regulation FD and other events. The filing was made on October 25, 2024, and pertains to the fund's operations and reporting requirements.
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 disclosure and does not indicate any immediate financial distress or significant negative events.
Key Numbers
- 814-01582 — SEC File Number (Identifies the fund's registration with the SEC)
- 88-1771414 — I.R.S. Employer Identification No. (Tax identification number for the fund)
Key Players & Entities
- PGIM Private Credit Fund (company) — Registrant
- October 22, 2024 (date) — Earliest event date
- October 25, 2024 (date) — Filing date
- New Jersey (location) — State of incorporation
- 655 Broad Street Newark, New Jersey 07102-4410 (address) — Principal executive offices
FAQ
What specific events are being disclosed under Regulation FD?
The filing indicates disclosure under Regulation FD, but the specific details of these disclosures are not provided in the provided text snippet.
What is the primary purpose of this 8-K filing?
The primary purpose is to report 'Other Events' and comply with Regulation FD disclosure requirements as of October 22, 2024.
When was the PGIM Private Credit Fund incorporated?
The fund was incorporated in Delaware.
What was the former name of the registrant?
The former name was PGIM Senior Loan Opportunities Fund, with a date of name change on April 14, 2022.
What is the business address and phone number of the fund?
The business address is 655 Broad Street, Newark, New Jersey 07102-4410, and the telephone number is (973) 802-5032.
Filing Stats: 758 words · 3 min read · ~3 pages · Grade level 9.8 · Accepted 2024-10-25 17:11:45
Key Financial Figures
- $117.2 m — 30, 2024, the Fund's aggregate NAV was $117.2 million, the fair value of its investment
- $172.9 m — r value of its investment portfolio was $172.9 million, and it had $68.4 million of debt
- $68.4 million — ortfolio was $172.9 million, and it had $68.4 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
- tm2426888d1_8k.htm (8-K) — 39KB
- 0001104659-24-111529.txt ( ) — 204KB
- none-20241022.xsd (EX-101.SCH) — 3KB
- none-20241022_lab.xml (EX-101.LAB) — 33KB
- none-20241022_pre.xml (EX-101.PRE) — 22KB
- tm2426888d1_8k_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. October 2024 Distributions On October 25, 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 $ 0.31874 Class D Common Shares $ 0.33141 Class I Common Shares $ 0.33638 The distribution for the Shares is payable to shareholders of record as of the open of business on October 31, 2024 and will be paid on or about November 26, 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 September 30, 2024, as determined in accordance with the Fund's valuation policy, is set forth below. NAV as of September 30, 2024 Class S Common Shares $ 25.43 Class D Common Shares $ 25.41 Class I Common Shares $ 24.97 As of September 30, 2024, the Fund's aggregate NAV was $117.2 million, the fair value of its investment portfolio was $172.9 million, and it had $68.4 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 44,638 $ 1,102,500 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 * 4,331,342 $ 110,225,000 * 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: October 25, 2024 By: /s/ Elyse M. McLaughlin Name: Elyse M. McLaughlin Title: Treasurer and Pr