Fidelity Private Credit Fund: debt financing — Fidelity Private Credit Fund issues $210M unsecured notes: $105M at 6.15% due 2028, $105M at 6.50% due 2030

Fidelity Private Credit Fund

Issued $105M Series 2025A Senior Notes at 6.15% per annum, maturing June 12, 2028.
Issued $105M Series 2025B Senior Notes at 6.50% per annum, maturing June 12, 2030.
Notes are unsecured, rank pari passu with other unsecured debt; interest payable semiannually.
Proceeds used for general corporate purposes; sold in private placement exempt from SEC registration.
Rate step-up (up to 2%) if below investment grade or if secured debt ratio exceeds thresholds.

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 incurred senior notes of $105,000,000 in aggregate principal amount of its 6.15% Series 2025A Senior Notes with qualified institutional investors at 6.15% per annum maturing June 12, 2028.

Instrument: senior notes
Principal: $105,000,000 in aggregate principal amount of its 6.15% Series 2025A Senior Notes
Counterparty: qualified institutional investors
Rate: 6.15% per annum
Maturity: June 12, 2028
Event: incurrence

Exact text from the filing

On June 12, 2025, Fidelity Private Credit Fund (the “Fund”) entered into a Master Note Purchase Agreement (the “Note Purchase Agreement”) governing the issuance of $105,000,000 in aggregate principal amount of its 6.15% Series 2025A Senior Notes (the “Series 2025A Notes")

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

Fidelity Private Credit Fund incurred senior notes of $105,000,000 in aggregate principal amount of its 6.50% Series 2025B Senior Notes with qualified institutional investors at 6.50% per annum maturing June 12, 2030.

Instrument: senior notes
Principal: $105,000,000 in aggregate principal amount of its 6.50% Series 2025B Senior Notes
Counterparty: qualified institutional investors
Rate: 6.50% per annum
Maturity: June 12, 2030
Event: incurrence

Exact text from the filing

$105,000,000 in aggregate principal amount of its 6.50% Series 2025B Senior Notes (the “Series 2025B Notes" and, together with the Series 2025A Notes, the “Notes")

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Source: SEC EDGAR

accession 0000950170-25-086082

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