PGIM Private Credit Fund Files 8-K

TL;DR

PGIM Private Credit Fund signed a big deal on Dec 13, 2024. Details TBD.

AI Summary

On December 13, 2024, PGIM Private Credit Fund entered into a material definitive agreement. The filing is an 8-K report, indicating a significant event for the company. Specific details of the agreement are not provided in this excerpt.

Why It Matters

This 8-K filing signals a material definitive agreement has been made by PGIM Private Credit Fund, which could impact its operations or financial standing.

Risk Assessment

Risk Level: medium — An 8-K filing indicates a material event, but the lack of specific details about the agreement makes it difficult to assess the immediate risk.

Key Players & Entities

• PGIM Private Credit Fund (company) — Registrant
• December 13, 2024 (date) — Date of earliest event reported
• Newark, New Jersey (location) — Principal executive offices

FAQ

Filing Documents

• tm2431525d1_8k.htm (8-K) — 30KB
• tm2431525d1_ex10-1.htm (EX-10.1) — 41KB
• tm2431525d1_ex10-2.htm (EX-10.2) — 5KB
• tm2431525d1_ex10-3.htm (EX-10.3) — 5KB
• 0001104659-24-130125.txt ( ) — 262KB
• none-20241213.xsd (EX-101.SCH) — 3KB
• none-20241213_lab.xml (EX-101.LAB) — 33KB
• none-20241213_pre.xml (EX-101.PRE) — 22KB
• tm2431525d1_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Second Amended and Restated Subadvisory Agreement On December 17, 2024, PGIM Investments LLC ( the " Manager " or " PGIM Investments ") and PGIM, Inc. (the " Subadviser " or " PGIM ") executed a second amended and restated subadvisory agreement (the " Second Amended and Restated Subadvisory Agreement ") . The Second Amended and Restated Subadvisory Agreement, among other things, incorporates PGIM Fixed Income, the primary fixed income asset management unit of the Subadviser, to provide investment management services to the portion of PGIM Private Credit Fund's (the " Fund ") investments allocated to broadly syndicated loans. The foregoing description is qualified in its entirety by reference to a copy of the Second Amended and Restated Subadvisory Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein. Advisory Fee Waiver The Manager, investment manager to the Fund, has contractually agreed to waive its management fee and incentive fee through December 31, 2025 (the " Waiver Period "). PGIM Investments previously contractually agreed to waive its management fee and incentive fee through December 31, 2024. Following the Waiver Period, the Manager will receive a management fee at an annual rate of 1.25% of the value of the Fund's net assets as of the beginning of the first calendar day of the applicable month, and will receive any applicable incentive fee. The longer an investor holds shares of the Fund's common stock during this period, the longer such investor will receive the benefit of the management fee waiver period. The Manager pays a portion of the management fees and incentive fees it receives from the Fund to the Subadviser. No advisory fees are paid by the Fund directly to the Subadviser. During the Waiver Period, the Fund will not bear the cost of the management fee, incentive fee or subadvisory fee. The foregoing description is qual

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Second Amended and Restated Subadvisory Agreement between PGIM Investments LLC and PGIM, Inc., dated November 15, 2024 10.2 Management Fee Waiver Letter between PGIM Private Credit Fund and PGIM Investments LLC, dated December 13, 2024 10.3 Subadvisory Fee Waiver Letter between PGIM Investments LLC and PGIM, Inc., dated December 13, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: December 19, 2024 By: /s/ George Hoyt Name: George Hoyt Title: Assistant Secretary

View Full Filing

View this 8-K filing on SEC EDGAR