Lord Abbett Private Credit Fund S Faces Delisting Notice

TL;DR

Lord Abbett Private Credit Fund S got a delisting notice, effective Aug 22.

AI Summary

Lord Abbett Private Credit Fund S filed an 8-K on August 27, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, effective August 22, 2025. The filing also includes Regulation FD disclosures and other events. The company's principal executive offices are located at 30 Hudson Street, Jersey City, New Jersey.

Why It Matters

This filing indicates potential issues with the fund's continued listing on an exchange, which could impact its trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a significant event that can lead to severe consequences for the company and its shareholders.

Key Players & Entities

• Lord Abbett Private Credit Fund S (company) — Registrant
• Lord Abbett Private Credit Fund A, LP (company) — Former Company Name
• Lord, Abbett & Co. LLC (company) — Manager/Administrator
• August 22, 2025 (date) — Effective date of delisting notice
• August 27, 2025 (date) — Filing date of the 8-K
• 30 Hudson Street, Jersey City, New Jersey 07302 (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $8.0 m — gregate offering price of approximately $8.0 million, reflecting a purchase price of $
• $25.10 — million, reflecting a purchase price of $25.10 per Common Share (with the final number
• $288 million — loan commitment amount of approximately $288 million and par value of approximately $222 mil
• $222 m — million and par value of approximately $222 million, The portfolio consists of 94% fi
• $72 million — etrics (1) : Median 12-month EBITDA: $72 million (2) Weighted average net leverage: 4
• $6.6 m — investment commitments of approximately $6.6 million, 100% of which were private senio
• $1.0 — ons) Ambient Enterprises Holdco LLC $1.0 $0.4 Investment in Joint Venture (1
• $0.4 — Ambient Enterprises Holdco LLC $1.0 $0.4 Investment in Joint Venture (1) $5.
• $5.6 — 0.4 Investment in Joint Venture (1) $5.6 $5.6 Total $6.6 $6.0 (1) "Inv
• $6.6 — int Venture (1) $5.6 $5.6 Total $6.6 $6.0 (1) "Investment in Joint Ventu
• $6.0 — ture (1) $5.6 $5.6 Total $6.6 $6.0 (1) "Investment in Joint Venture" rep
• $0.21 — eclared a distribution of approximately $0.21 per share to shareholders of record as
• $102.3 million — t asset value ("NAV") was approximately $102.3 million. The NAV per share of Common Shares as

Filing Documents

• c113894_8k-ixbrl.htm (8-K) — 33KB
• 0000930413-25-002758.txt ( ) — 141KB
• lord-20250822.xsd (EX-101.SCH) — 3KB
• lord-20250822_lab.xml (EX-101.LAB) — 18KB
• lord-20250822_pre.xml (EX-101.PRE) — 10KB
• c113894_8k-ixbrl_htm.xml (XML) — 3KB

02. Unregistered Sales of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities. As of August 1, 2025, Lord Abbett Private Credit Fund S ("we", the "Company" or the "Fund"), issued and sold approximately 318,835 of the Company's common shares of beneficial interest (the "Common Shares") for an aggregate offering price of approximately $8.0 million, reflecting a purchase price of $25.10 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 23 portfolio companies and held one investment in a joint venture, with an aggregate loan commitment amount of approximately $288 million and par value of approximately $222 million, The portfolio consists of 94% first lien debt investments and 6% 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: $72 million (2) Weighted average net leverage: 4.6x (2)(3) Weighted average loan to value: 41% (2)(4) Weighted average interest coverage: 2.3x (2)(5) Weighted average yield on debt investments, at cost: 9.7% (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. (4)

01. Other Events

Item 8.01. Other Events. Distribution: On August 25, 2025, the Company declared a distribution of approximately $0.21 per share to shareholders of record as of 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 $102.3 million. The NAV per share of Common Shares as of July 31, 2025, as determined in accordance with the Company's valuation policy, was $25.10 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 S Date: August 27, 2025 By: /s/ Salvatore Dona Name: Salvatore Dona Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR