---
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"
generated_at: "2026-06-09T03:21:44.361690+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PGIM Private Credit Fund enters $150M senior secured revolver with SMBC; accordion up to $350M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-113429
- JSON: https://secwatch.observer/filing/0001104659-23-113429.json
- Plain text: https://secwatch.observer/filing/0001104659-23-113429.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $150 million
  - Counterparty: Sumitomo Mitsui Banking Corporation
  - Rate: Term SOFR plus a 10 basis point credit spread adjustment and an applicable margi
  - Maturity: five years after the Closing Date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1923622/000110465923113429/0001104659-23-113429-index.htm
- Material Agreements
  PGIM Private Credit Fund entered into a credit facility with Sumitomo Mitsui Banking Corporation valued at $150 million (effective 2023-10-30).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Sumitomo Mitsui Banking Corporation
  - Value: $150 million
  - Effective: 2023-10-30
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1923622/000110465923113429/0001104659-23-113429-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.