BlackRock Private Credit Fund: debt financing — BlackRock Private Credit Fund issues $200M in senior notes via private placement

BlackRock Private Credit Fund

Issued $150M of 6.14% Series 2025A Senior Notes, Tranche B due Oct 8, 2030 (closed Oct 8, 2025).
Committed to issue $50M of 5.78% Series 2025A Senior Notes, Tranche A due Dec 17, 2028 (expected closing Dec 17, 2025).
Notes are senior unsecured, rank pari passu; proceeds for general corporate purposes including investments and debt repayment.
Covenants include minimum shareholders' equity of $500M and minimum asset coverage ratio of 1.5:1.
Interest payable semi-annually; notes sold to qualified institutional investors in a private placement.

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

BlackRock Private Credit Fund incurred senior notes of $150,000,000 aggregate principal amount at 6.14% per annum maturing October 8, 2030.

Instrument: senior notes
Principal: $150,000,000 aggregate principal amount
Rate: 6.14% per annum
Maturity: October 8, 2030
Event: incurrence

Exact text from the filing

governing the issuance (a) on October 8, 2025, of $150,000,000 aggregate principal amount of its 6.14% Series 2025A Senior Notes, Tranche B, due October 8, 2030

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

BlackRock Private Credit Fund incurred senior notes of $50,000,000 aggregate principal amount at 5.78% per annum maturing December 17, 2028.

Instrument: senior notes
Principal: $50,000,000 aggregate principal amount
Rate: 5.78% per annum
Maturity: December 17, 2028
Event: incurrence

Exact text from the filing

(b) on December 17, 2025 (subject to customary closing conditions), of $50,000,000 aggregate principal amount of its 5.78% Series 2025A Senior Notes, Tranche A, due December 17, 2028

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Source: SEC EDGAR

accession 0001133228-25-010724

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