AB Private Lending Fund's 2024 10-K Highlights Senior Secured Debt
| Field | Detail |
|---|---|
| Company | Ab Private Lending Fund |
| Form Type | 10-K |
| Filed Date | Mar 31, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, debt-investments, senior-secured-debt, corporate-debt
TL;DR
AB Private Lending Fund's 10-K shows solid senior secured debt investments with rates around 10% as of 12/31/24.
AI Summary
AB Private Lending Fund filed its 2024 10-K on March 31, 2025, reporting on its fiscal year ending December 31, 2024. The fund's investments include U.S. Corporate Debt, specifically 1st Lien/Senior Secured Debt. Notable investments as of December 31, 2024, include loans to The Center for Orthopedic and Research Excellence, Inc. with a 10.66% interest rate, Peter C. Foy & Associates Insurance Services, LLC at 9.82%, and Transtelco Holding, Inc. at 10.61%.
Why It Matters
This filing provides insight into the types of debt investments AB Private Lending Fund holds, offering transparency to investors about the fund's portfolio composition and associated interest rates.
Risk Assessment
Risk Level: medium — The fund's risk is tied to the performance of its corporate debt investments, which can be subject to default or changes in interest rates.
Key Numbers
- 10.66% — Interest Rate (Loan to The Center for Orthopedic and Research Excellence, Inc.)
- 9.82% — Interest Rate (Loan to Peter C. Foy & Associates Insurance Services, LLC)
- 10.61% — Interest Rate (Loan to Transtelco Holding, Inc.)
Key Players & Entities
- AB Private Lending Fund (company) — Filer of the 10-K
- The Center for Orthopedic and Research Excellence, Inc. (company) — Borrower with a 10.66% interest rate loan
- Peter C. Foy & Associates Insurance Services, LLC (company) — Borrower with a 9.82% interest rate loan
- Transtelco Holding, Inc. (company) — Borrower with a 10.61% interest rate loan
- 10.66% (dollar_amount) — Interest rate for The Center for Orthopedic and Research Excellence, Inc. loan
- 9.82% (dollar_amount) — Interest rate for Peter C. Foy & Associates Insurance Services, LLC loan
- 10.61% (dollar_amount) — Interest rate for Transtelco Holding, Inc. loan
- 2024-12-31 (date) — Fiscal year end and reporting date for investment details
- 20250331 (date) — Filing date of the 10-K
FAQ
What is the total value of AB Private Lending Fund's investments as of December 31, 2024?
The provided text does not specify the total value of the fund's investments, only details on specific loans.
What is the maturity date for the loan to Transtelco Holding, Inc.?
The loan to Transtelco Holding, Inc. has a maturity date of 3/26/2026.
What type of debt does AB Private Lending Fund primarily invest in?
AB Private Lending Fund primarily invests in U.S. Corporate Debt, specifically 1st Lien/Senior Secured Debt.
What is the base rate plus spread for the loan to The Center for Orthopedic and Research Excellence, Inc.?
The loan to The Center for Orthopedic and Research Excellence, Inc. has an interest rate of 10.66%, described as S + 6.00% with a 1.00% floor.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on March 31, 2025.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 31, 2025 regarding AB Private Lending Fund.