Lord Abbett Private Credit Fund Files 8-K
| Field | Detail |
|---|---|
| Company | Lord Abbett Private Credit Fund |
| Form Type | 8-K |
| Filed Date | Aug 27, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $15.2 m, $25.17, $1,064 million, $830 million, $74 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: unregistered-sales, regulation-fd, disclosure
TL;DR
Lord Abbett Private Credit Fund filed an 8-K on Aug 22, 2025, reporting equity sales & Reg FD.
AI Summary
Lord Abbett Private Credit Fund filed an 8-K on August 27, 2025, reporting on unregistered sales of equity securities, Regulation FD disclosures, and other events. The filing's earliest reported event date is August 22, 2025. The company is incorporated in Delaware and its principal executive offices are located at 30 Hudson Street, Jersey City, New Jersey.
Why It Matters
This 8-K filing provides updates on the Lord Abbett Private Credit Fund's activities, including potential equity sales and regulatory disclosures, which could impact investors.
Risk Assessment
Risk Level: low — The filing is a routine disclosure and does not appear to contain information indicating significant immediate risk.
Key Players & Entities
- Lord Abbett Private Credit Fund (company) — Registrant
- Lord Abbett & Co. LLC (company) — Administrative Agent
- August 22, 2025 (date) — Earliest event reported
- August 27, 2025 (date) — Filing date
- 30 Hudson Street, Jersey City, New Jersey 07302 (location) — Principal Executive Offices
FAQ
What specific type of equity securities were sold?
The filing indicates 'Unregistered Sales of Equity Securities' as an item of disclosure, but the specific type and details of the securities sold are not provided in this excerpt.
What are the key details of the Regulation FD Disclosure?
The filing lists 'Regulation FD Disclosure' as an item, but the specific content of this disclosure is not detailed in the provided text.
What 'Other Events' are being reported?
The filing notes 'Other Events' as a category of disclosure, but the nature of these events is not specified in the excerpt.
When was the company formerly known as Lord Abbett Private Credit Fund 1, LP?
The company's former name was Lord Abbett Private Credit Fund 1, LP, and the date of the name change was January 18, 2024.
What is the primary business of Lord Abbett Private Credit Fund?
While not explicitly stated as a business description, the name 'Lord Abbett Private Credit Fund' suggests its primary business involves private credit investments.
Filing Stats: 1,209 words · 5 min read · ~4 pages · Grade level 12 · Accepted 2025-08-27 13:41:47
Key Financial Figures
- $15.2 m — gregate offering price of approximately $15.2 million, reflecting a purchase price of $
- $25.17 — million, reflecting a purchase price of $25.17 per Common Share (with the final number
- $1,064 million — loan commitment amount of approximately $1,064 million and par value of approximately $830 mil
- $830 million — million and par value of approximately $830 million. The portfolio consists of 95% first li
- $74 million — etrics (1) : Median 12-month EBITDA: $74 million (2) Weighted average net leverage: 4
- $20.8 m — investment commitments of approximately $20.8 million, 100% of which were private senio
- $1.0 — ons) Ambient Enterprises Holdco LLC $1.0 $0.4 United Flow Technologies Inter
- $0.4 — Ambient Enterprises Holdco LLC $1.0 $0.4 United Flow Technologies Intermediate
- $10.0 — hnologies Intermediate Holdco II, LLC $10.0 $0.7 Investment in Joint Venture (1
- $0.7 — s Intermediate Holdco II, LLC $10.0 $0.7 Investment in Joint Venture (1) $9.
- $9.8 — 0.7 Investment in Joint Venture (1) $9.8 $9.8 Total $20.8 $10.9 (1) "I
- $20.8 — int Venture (1) $9.8 $9.8 Total $20.8 $10.9 (1) "Investment in Joint Vent
- $10.9 — ure (1) $9.8 $9.8 Total $20.8 $10.9 (1) "Investment in Joint Venture" rep
- $0.23 — the Company declared a distribution of $0.23 per share to shareholders of record on
- $385.7 million — t asset value ("NAV") was approximately $385.7 million. The NAV per share of Common Shares as
Filing Documents
- c113893_8k-ixbrl.htm (8-K) — 33KB
- 0000930413-25-002757.txt ( ) — 142KB
- lordabbett-20250822.xsd (EX-101.SCH) — 3KB
- lordabbett-20250822_lab.xml (EX-101.LAB) — 18KB
- lordabbett-20250822_pre.xml (EX-101.PRE) — 10KB
- c113893_8k-ixbrl_htm.xml (XML) — 3KB
02. Unregistered
Item 3.02. Unregistered Sales of Equity Securities. As of August 1, 2025, Lord Abbett Private Credit Fund ("we", the "Company" or the "Fund"), issued and sold approximately 602,622 of the Company's common shares of beneficial interest (the "Common Shares") for an aggregate offering price of approximately $15.2 million, reflecting a purchase price of $25.17 per Common Share (with the final number of Common Shares being determined on August 22, 2025). The offer and sale of Common Shares was made pursuant to subscription agreements entered into by the Company and its shareholders. The issuance of the Common Shares is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder. The Company relied, in part, upon representations from the shareholders in the subscription agreements that each shareholder was an accredited investor as defined in Regulation D under the Securities Act.
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. Company's Portfolio: As of July 31, 2025, the Company had made loans to 31 portfolio companies and held one investment in a joint venture, with an aggregate loan commitment amount of approximately $1,064 million and par value of approximately $830 million. The portfolio consists of 95% first lien debt investments and 5% investment in a joint venture, based on par value or in the case of investments in a joint venture, cost. As of July 31, 2025, 100% of the debt investments, based on par value, in the Company's portfolio were at floating rates. As of July 31, 2025, 100% of the Company's total loan commitments were in private senior secured loans. The following table presents information concerning portfolio companies to which the Company has made loans. Portfolio Company Metrics (1) : Median 12-month EBITDA: $74 million (2) Weighted average net leverage: 4.9x (2)(3) Weighted average loan to value: 43% (2)(4) Weighted average interest coverage: 2.1x (2)(5) Weighted average yield on debt investments, at cost: 9.9% (6) (1) Amounts were derived from the most recently available financial statements provided by portfolio companies which have not been independently verified by us and may reflect a normalized or adjusted amount. Such amounts have not been independently estimated by us, and accordingly, we take no responsibility for such numbers and make no representation or warranty in respect of this information. (2) Metrics exclude one recurring revenue investment, which are investments in portfolio companies in which the Company lends based on a multiple of recurring revenue generated by the portfolio company and not based on a multiple of EBITDA. Weighted average metrics are calculated as a percentage of funded par value of debt investments. (3) Net leverage is the ratio of total senior debt minus cash divided by EBITDA and taking into account leverage through the tranche to which the Company is a lender. (
01. Other Events
Item 8.01. Other Events. Distribution: On August 25, 2025, the Company declared a distribution of $0.23 per share to shareholders of record on August 31, 2025 to be payable on September 26, 2025. Net Asset Value As of July 31, 2025, the Company's aggregate net asset value ("NAV") was approximately $385.7 million. The NAV per share of Common Shares as of July 31, 2025, as determined in accordance with the Company's valuation policy, was $25.17 per Common Share. Final results related to all of the above information and other information may differ materially as a result of the completion of the Company's financial closing procedures, which will occur between the date hereof and the completion of the financial statements and the filing of the Company's quarterly report on Form 10-Q for the quarter ending September 30, 2025. 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. LORD ABBETT PRIVATE CREDIT FUND Date: August 27, 2025 By: /s/ Salvatore Dona Name: Salvatore Dona Title: Chief Financial Officer