debt
confidence high
sentiment neutral
materiality 0.40
Lord Abbett Private Credit Fund closes $110K private promissory note offering
Lord Abbett Private Credit Fund
- Closed offering of 110 promissory notes due 2055, each linked to one common share.
- Aggregate principal amount = $110,000 minus value of 110 shares at issuance.
- Annual interest $120 per note (12% yield on face value; actual yield depends on NAV).
- Notes are unsecured senior obligations; prepayable with $100 premium within 24 months.
- Proceeds used for general corporate purposes.
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