LGAM Private Credit LLC Files 8-K on Equity Sales
| Field | Detail |
|---|---|
| Company | Lgam Private Credit LLC |
| Form Type | 8-K |
| Filed Date | Sep 26, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $10.1 m, $20.06, $0.1379, $392.0 m, $25.8 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: unregistered-sales, regulation-fd, equity-securities
TL;DR
LGAM Private Credit LLC filed an 8-K for unregistered equity sales and Reg FD disclosure.
AI Summary
LGAM Private Credit LLC filed an 8-K on September 26, 2025, reporting unregistered sales of equity securities and a Regulation FD disclosure. The filing pertains to events on September 22, 2025. The company is incorporated in Delaware and its principal executive offices are located at 1585 Broadway, New York, NY.
Why It Matters
This filing indicates potential new equity issuances by LGAM Private Credit LLC, which could impact its capital structure and investor base.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of unregistered equity sales and Regulation FD information, without immediate indication of significant financial distress or major strategic shifts.
Key Players & Entities
- LGAM Private Credit LLC (company) — Registrant
- September 22, 2025 (date) — Date of earliest event reported
- September 26, 2025 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- 1585 Broadway, New York, NY 10036 (address) — Principal executive offices
- (212) 761-4000 (phone_number) — Registrant's telephone number
FAQ
What specific type of equity securities were sold unregistered?
The filing does not specify the exact type of equity securities sold unregistered, only that such sales occurred.
What is the nature of the Regulation FD disclosure?
The filing mentions a Regulation FD disclosure but does not provide the specific content of that disclosure within the provided text.
When was LGAM Private Credit LLC incorporated?
LGAM Private Credit LLC was incorporated in Delaware.
What is the primary business address of LGAM Private Credit LLC?
The primary business address is 1585 Broadway, New York, NY 10036.
What is the Commission File Number for LGAM Private Credit LLC?
The Commission File Number for LGAM Private Credit LLC is 814-01674.
Filing Stats: 955 words · 4 min read · ~3 pages · Grade level 10.3 · Accepted 2025-09-26 16:10:57
Key Financial Figures
- $10.1 m — gregate offering price of approximately $10.1 million, reflecting a purchase price of $
- $20.06 — million, reflecting a purchase price of $20.06 per unit (with the final number of Unit
- $0.1379 — unitholders of record in the amount of $0.1379 per unit. The distribution will be paya
- $392.0 m — an aggregate par value of approximately $392.0 million, which consisted of approximately
- $25.8 m — investment commitments of approximately $25.8 million, approximately 100.0% of which we
- $182.5 million — value is estimated to be approximately $182.5 million. As of August 31, 2025, the Company had
- $144.6 million — 31, 2025, the Company had approximately $144.6 million of debt outstanding (at principal). Fin
Filing Documents
- ck0001983514-20250922.htm (8-K) — 115KB
- 0001193125-25-220482.txt ( ) — 232KB
- ck0001983514-20250922.xsd (EX-101.SCH) — 34KB
- ck0001983514-20250922_htm.xml (XML) — 4KB
02. Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities. As of September 1, 2025, LGAM Private Credit LLC ("we", the "Company" or the "Fund"), sold approximately 502,254 of the Company's Common Units (the "Units") for an aggregate offering price of approximately $10.1 million, reflecting a purchase price of $20.06 per unit (with the final number of Units being determined on September 22, 2025). The sale of Units was made pursuant to subscription agreements entered into by the Company and its unitholders. The issuance of the Units is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Regulation S under the Securities Act and other exemptions from the registration requirements of the Securities Act. The Company relied, in part, upon representations from the unitholders in the subscription agreements that each unitholder was not in the United States (as defined in Rule 902 (l ) under Regulation S under the Securities Act) and was not, and was not acting for the account or benefit of, U.S. Persons (as defined in Rule 902(k) under Regulation S under the Securities Act).
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On September 26, 2025, the Company disclosed the below information. Distribution: On September 22, 2025, the Fund declared a regular distribution to unitholders of record in the amount of $0.1379 per unit. The distribution will be payable on or around October 3, 2025 to unitholders of record as of September 30, 2025. Company's Portfolio: As of August 31, 2025, the Company had investments in 112 portfolio companies across 30 industries with an aggregate par value of approximately $392.0 million, which consisted of approximately 99.1% first lien debt investments, 0.4% second lien debt investments, and 0.5% other investments based on par value or in the case of equity investments, cost. As of August 31, 2025, approximately 99.8% of the debt investments, based on par value, in the Company's portfolio were at floating rates. During the period from August 1, 2025 through August 31, 2025, the Company had new investment commitments of approximately $25.8 million, approximately 100.0% of which were first lien debt investments. As of August 31, 2025, approximately 2.6%, based on par value (including cash), were in broadly syndicated loans, which the Company primarily uses for cash management purposes. The table below describes investments by industry composition based on par value as of August 31, 2025: Industry % of Total Software 19.6 % Professional Services 10.9 IT Services 7.9 Commercial Services & Supplies 7.7 Health Care Providers & Services 7.4 Insurance Services 7.2 Diversified Consumer Services 5.8 Financial Services 4.7 Automobiles 3.1 Multi-Utilities 2.7 Other 23.0 Total 100.0 % The table below shows the Company's ten largest portfolio company investments based on par value as of August 31, 2025: Issuer % of Total Bullhorn, Inc. 1.9 % DCA Investment Holdings, LLC 1.9 MRI Software LLC 1.8 Diligent Corporation 1.8 Fullsteam Operations LLC