BlackRock Private Credit Fund Enters Material Agreement

TL;DR

BlackRock Private Credit Fund just signed a big deal, creating new financial obligations.

AI Summary

On October 8, 2025, BlackRock Private Credit Fund entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.

Why It Matters

This filing signals a significant new financial commitment or obligation for BlackRock Private Credit Fund, potentially impacting its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the fund's ability to meet its obligations.

Key Players & Entities

• BlackRock Private Credit Fund (company) — Registrant
• October 8, 2025 (date) — Date of earliest event reported
• 50 Hudson Yards (location) — Business Address
• New York (location) — City
• 10001 (location) — ZIP Code
• (212) 810-5800 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $150,000,000 — the issuance (a) on October 8, 2025, of $150,000,000 aggregate principal amount of its 6.14%
• $50,000,000 — ct to customary closing conditions), of $50,000,000 aggregate principal amount of its 5.78%
• $500,000,000 — reholders' equity of the greater of (A) $500,000,000 and (B) $500,000,000 plus 25% of the ne

Filing Documents

• bpcf-efp18278_8k.htm (8-K) — 28KB
• bpcf-efp18278_ex99101.htm (EX-99.101) — 109KB
• 0001133228-25-010724.txt ( ) — 264KB
• bpcf-20251008.xsd (EX-101.SCH) — 3KB
• bpcf-20251008_lab.xml (EX-101.LAB) — 18KB
• bpcf-20251008_pre.xml (EX-101.PRE) — 10KB
• bpcf-efp18278_8k_htm.xml (XML) — 2KB

01

Item 1.01. Entry into a Material Definitive Agreement. On October 8, 2025, Blackrock Private Credit Fund, a Delaware statutory trust (the "Company"), entered into a First Supplement (the "First Supplement") to the Master Note Purchase Agreement, dated as of November 18, 2024 (the "Master Note Purchase Agreement," as supplemented by the First Supplement, the "Purchase Agreement"), governing the issuance (a) on October 8, 2025, of $150,000,000 aggregate principal amount of its 6.14% Series 2025A Senior Notes, Tranche B, due October 8, 2030 (the "Tranche B Notes"), and (b) on December 17, 2025 (subject to customary closing conditions), of $50,000,000 aggregate principal amount of its 5.78% Series 2025A Senior Notes, Tranche A, due December 17, 2028 (the "Tranche A Notes" and, together with the Tranche B Notes, the "Notes"), to qualified institutional investors in a private placement. The Tranche B Notes bear interest at a rate equal to 6.14% per annum that is payable semi-annually on April 8 and October 8 of each year, beginning on April 8, 2026. The Tranche A Notes bear interest at a rate equal to 5.78% per annum that is payable semi-annually on June 17 and December 17 of each year, beginning on June 17, 2026. The Notes will be guaranteed by certain domestic subsidiaries of the Company that are formed or acquired by the Company in the future (collectively, the "Guarantors"). The Tranche B Notes were issued at a closing on October 8, 2025, and the Tranche A Notes will be issued at a closing which is expected to occur on December 17, 2025, subject to customary closing conditions. The Notes may be redeemed in whole or in part at any time or from time to time at the Company's option at par plus accrued interest to the prepayment date and, if applicable, a make-whole premium. In addition, the Company is obligated to offer to prepay the Notes at par plus accrued and unpaid interest up to, but excluding, the date of prepayment, if certain change in control events occur.

03

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The disclosure set forth above under Item 1.01 is incorporated by reference herein.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits 10.1 First Supplement to Master Note Purchase Agreement, dated October 8, 2025, by and among BlackRock Private Credit Fund and the additional purchasers party thereto (1) 10.2 Master Note Purchase Agreement, dated as of November 18, 2024, by and among BlackRock Private Credit Fund and the purchasers party thereto (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on November 18, 2024) (1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) (1) Certain schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company agrees to furnish a copy of such schedules or exhibits, or any section thereof, to the SEC upon request. 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. BlackRock Private Credit Fund Date: October 8, 2025 By: /s/ Erik L. Cuellar Name: Erik L. Cuellar Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR