Lord Abbett Private Credit Fund S: debt financing — Lord Abbett Private Credit Fund S enters $100M revolving credit facility, expandable to $500M

Lord Abbett Private Credit Fund S

Initial revolving credit facility of $100M, with option to increase to $500M.
Facility matures June 3, 2030; revolving period ends June 4, 2029.
Interest rates: ABR loans 0.75%-0.875%, Term Benchmark/RFR loans 1.75%-1.875%.
Non-usage fee of 0.375% on unused commitments; secured by first-priority lien on substantially all assets.
Proceeds for general corporate purposes; subject to asset coverage ratio of at least 150%.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lord Abbett Private Credit Fund S incurred revolving credit of up to $100,000,000 with ING Capital LLC at Term Benchmark Loan plus 1.875% or 1.75% per annum maturing June 3, 2030.

Instrument: revolving credit
Principal: up to $100,000,000
Counterparty: ING Capital LLC
Rate: Term Benchmark Loan plus 1.875% or 1.75% per annum
Maturity: June 3, 2030
Event: incurrence

Exact text from the filing

The Revolving Credit Facility provides for, among other things, borrowings in U.S. dollars or certain other permitted currencies in an initial aggregate amount of up to $100,000,000, subject to availability under the borrowing base, with an option for the Company to elect at one or more times, subject to certain conditions, to increase the maximum committed

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Source: SEC EDGAR

accession 0000930413-25-001943

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