Fidelity Private Credit Co LLC Files 2024 10-K
| Field | Detail |
|---|---|
| Company | Fidelity Private Credit Co LLC |
| Form Type | 10-K |
| Filed Date | Mar 19, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, private-credit, debt-investments
TL;DR
Fidelity Private Credit's 2024 10-K shows investments like Quick Roofing's debt, maturing 2029. Rate SOFR+5.75%, 10.18% interest.
AI Summary
Fidelity Private Credit Co LLC filed its 2024 10-K on March 19, 2025, reporting on its investment portfolio as of December 31, 2024. The company's investments include debt instruments such as the First Lien Debt for Quick Roofing Acquisition, LLC, with a term loan reference rate of SOFR + 5.75% and an interest rate of 10.18%, maturing on December 22, 2029. The filing also details unfunded loan commitments and other investment categories.
Why It Matters
This filing provides investors with a detailed look at Fidelity Private Credit's investment holdings and financial performance for the fiscal year 2024, including specific loan details and maturity dates.
Risk Assessment
Risk Level: medium — The company's risk level is medium due to its focus on private credit investments, which can carry higher volatility and liquidity risks compared to traditional public markets.
Key Numbers
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2025-03-19 — Filing Date (Date the 10-K was submitted to the SEC)
- 10.18% — Interest Rate (Interest rate on the First Lien Debt for Quick Roofing Acquisition, LLC)
Key Players & Entities
- Fidelity Private Credit Co LLC (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end date
- 2025-03-19 (date) — Filing date
- Quick Roofing Acquisition, LLC (company) — Company with a First Lien Debt investment
- SOFR + 5.75% (dollar_amount) — Interest rate spread for Quick Roofing Acquisition, LLC loan
- 10.18% (dollar_amount) — Interest rate for Quick Roofing Acquisition, LLC loan
- 12/22/2029 (date) — Maturity date for Quick Roofing Acquisition, LLC loan
FAQ
What was the total investment portfolio value as of December 31, 2024?
The filing mentions 'Total Investment Portfolio' for 2024-12-31 but does not provide a specific dollar amount in the provided text.
What is the maturity date for the First Lien Debt investment in Quick Roofing Acquisition, LLC?
The maturity date for the First Lien Debt investment in Quick Roofing Acquisition, LLC is December 22, 2029.
What is the interest rate structure for the Quick Roofing Acquisition, LLC loan?
The interest rate structure is SOFR + 5.75%, resulting in an overall interest rate of 10.18%.
What was the company's former name before Fidelity Private Credit Co LLC?
The company was formerly known as Fidelity Private Credit Central Fund LLC until February 9, 2023, and prior to that, Fidelity Direct Lending Fund, LP until December 16, 2021.
In which state was Fidelity Private Credit Co LLC incorporated?
Fidelity Private Credit Co LLC was incorporated in Delaware (DE).
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 19, 2025 regarding Fidelity Private Credit Co LLC.