Fidelity Private Credit Fund: debt financing — Fidelity Private Credit Fund boosts credit line to $400M, cuts borrowing costs

Fidelity Private Credit Fund

Maximum facility amount increased from $250M to $400M under First Amendment.
Applicable margin lowered: 2.35% (from 2.55%) during reinvestment period and 2.85% (from 3.05%) after.
Canadian Dollar benchmark replaced with Term CORRA.
Amendment dated February 21, 2025, with BNP Paribas as administrative agent.

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

Fidelity Private Credit Fund amended revolving credit of increased from $250,000,000 to $400,000,000 with BNP Paribas at applicable margin decreased from 2.55% per annum to 2.35% per annum during reinv.

Instrument: revolving credit
Principal: increased from $250,000,000 to $400,000,000
Counterparty: BNP Paribas
Rate: applicable margin decreased from 2.55% per annum to 2.35% per annum during reinv
Event: amendment

Exact text from the filing

the First Amendment provides for, among other things, (i) an increase in the maximum facility amount from $250,000,000 to $400,000,000, (ii) a decrease in the applicable margin for advances (x) during the reinvestment period from 2.55% per annum to 2.35% per annum and (y) after the reinvestment period from 3.05% per annum to 2.85% per annum

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Source: SEC EDGAR

accession 0000950170-25-028585

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