Fidelity Private Credit Co LLC: debt financing — Fidelity Private Credit enters $300M secured revolving credit facility, accordion to $750M

Fidelity Private Credit Co LLC

Initial commitment $300M; accordion permits increase up to $750M subject to conditions.
Facility matures June 14, 2030; availability ends June 15, 2029; includes $60M swingline sublimit.
Interest rate margins: ABR + 0.750%/0.875% or Term Benchmark + 1.750%/1.875% based on borrowing base ratio.
Facility secured by substantially all portfolio investments; commitment fee 0.375% on undrawn amount.
Proceeds for general corporate purposes including repayment of debt, distributions, and portfolio investments.

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 Co LLC incurred credit facility of $300,000,000 with Truist Bank at (a) if the Gross Borrowing Base is less than 1.60 times the Combined Debt Amount maturing June 14, 2030.

Instrument: credit facility
Principal: $300,000,000
Counterparty: Truist Bank
Rate: (a) if the Gross Borrowing Base is less than 1.60 times the Combined Debt Amount
Maturity: June 14, 2030
Event: incurrence

Exact text from the filing

Loan or RFR loan, 1.750% per annum. The Fund will also pay a fee of 0.375% on average daily undrawn amounts under the Facility. The initial principal amount of the Facility is $300,000,000, subject to availability under the borrowing base, which is based on the Fund’s portfolio investments and other outstanding indebtedness, with an accordion provision to permit

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Source: SEC EDGAR

accession 0000950170-25-087837

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