debt
confidence high
sentiment neutral
materiality 0.35
Lord Abbett Private Credit Fund S closes $110K promissory note offering, 30-year maturity
Lord Abbett Private Credit Fund S
- Issued 110 promissory notes due Aug 1, 2055; aggregate principal ~$110,000 less value of 110 common shares.
- Each note pays $120 annual interest (12% yield), semi-annually; unsecured senior obligations.
- Prepayable after share repurchase; 24-month prepayment premium of $100 per note.
- Private offering to accredited investors under Regulation D; proceeds for general corporate purposes.
- Notes rank equally with all outstanding unsecured, unsubordinated debt of the Fund.
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