{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-113429","form_type":"8-K","ticker":"PGIM","cik":"0001923622","company_name":"PGIM Private Credit Fund","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.407444+00:00","generated_at":"2026-06-09T03:21:44.361690+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PGIM Private Credit Fund enters $150M senior secured revolver with SMBC; accordion up to $350M","bullets":["Initial commitment $150M, expandable to $350M via accordion subject to conditions.","Five-year maturity from October 30, 2023; interest at SOFR + 2.125%/2.25% or ABR + 1.125%/1.25%.","Facility secured by substantially all portfolio assets, including cash and cash equivalents.","Borrowings subject to borrowing base and leverage restrictions under the Investment Company Act.","Sumitomo Mitsui Banking Corporation serves as administrative agent and lead arranger."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-113429","json":"https://secwatch.observer/filing/0001104659-23-113429.json","markdown":"https://secwatch.observer/filing/0001104659-23-113429.md","text":"https://secwatch.observer/filing/0001104659-23-113429.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1923622/000110465923113429/0001104659-23-113429-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1923622/000110465923113429/tm2326215d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T03:21:44.361690+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2f1b636596743c0314643ef1d8d7a93a6afb1d1e","claim":"PGIM Private Credit Fund incurred revolving credit of $150 million with Sumitomo Mitsui Banking Corporation at Term SOFR plus a 10 basis point credit spread adjustment and an applicable margi maturing five years after the Closing Date.","evidence_excerpt":"per annum or 1.25% per annum in respect of USD borrowings and comparable rates in respect of non-USD borrowings. The initial principal amount of the Revolving Credit Facility is $150 million. The Revolving Credit Facility has an accordion feature, subject to the satisfaction of various conditions, which could bring total commitments under the Revolving Credit","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1923622/000110465923113429/0001104659-23-113429-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$150 million"},{"label":"Counterparty","value":"Sumitomo Mitsui Banking Corporation"},{"label":"Rate","value":"Term SOFR plus a 10 basis point credit spread adjustment and an applicable margi"},{"label":"Maturity","value":"five years after the Closing Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d313fad05d261d49335323dc634df8a57a607826","claim":"PGIM Private Credit Fund entered into a credit facility with Sumitomo Mitsui Banking Corporation valued at $150 million (effective 2023-10-30).","evidence_excerpt":"On October 30, 2023 (the \"Closing Date\"), PGIM Private Credit Fund (the \"Fund\"), entered into a senior secured revolving credit facility (the \"Revolving Credit Facility\") with Sumitomo Mitsui Banking Corporation (\"SMBC\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1923622/000110465923113429/0001104659-23-113429-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Sumitomo Mitsui Banking Corporation"},{"label":"Value","value":"$150 million"},{"label":"Effective","value":"2023-10-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}