Lord Abbett Private Credit Fund S: debt financing — Lord Abbett Private Credit Fund S closes $250M revolving credit facility with BNP Paribas

Lord Abbett Private Credit Fund S

Initial aggregate borrowing capacity of $250 million, subject to borrowing base availability.
Interest rate equals Base Rate plus 2.00% margin (reinvestment period) or 2.50% (post-reinvestment).
Non-usage fee ranges from 0.00% to 2.50% depending on unused amount as a percentage of facility.
Facility is uncommitted and matures 24 months after the Facility Termination Date (max 5 years).
Obligations secured by a first-priority security interest in the collateral pool.

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 $250 million with BNP Paribas at Base Rate plus an applicable margin of 2.00% maturing 24 months after the Facility Termination Date.

Instrument: revolving credit
Principal: up to $250 million
Counterparty: BNP Paribas
Rate: Base Rate plus an applicable margin of 2.00%
Maturity: 24 months after the Facility Termination Date
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 $250 million, subject to availability under the Borrowing Base, with an option for the Borrower to elect at one or more times, subject to certain conditions, to terminate or reduce the unused

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Source: SEC EDGAR

accession 0000930413-25-002274

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