---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-022113"
form_type: "8-K"
ticker: null
cik: "0001902649"
company_name: "BlackRock Private Credit Fund"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:17:01.402808+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# BlackRock Private Credit Fund enters $75M revolving credit facility with SMBC, expandable to $500M

## Summary
- Initial revolving credit facility of $75M, secured by portfolio investments, with uncommitted accordion to $500M.
- Maturity April 19, 2029; availability period ends April 19, 2028.
- Interest at Term SOFR or prime rate plus margin of 1.875%–2.00% depending on borrowing base ratio.
- Undrawn commitment fee of 0.375% per annum; proceeds for general corporate purposes including portfolio investments.
- Credit facility includes customary covenants and events of default; guaranteed by certain future domestic subsidiaries.

## SEC filing metadata
- accession: 0001140361-24-022113
- form_type: 8-K
- cik: 0001902649
- company_name: BlackRock Private Credit Fund
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1902649/000114036124022113/0001140361-24-022113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1902649/000114036124022113/ef20027685_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-022113
- JSON: https://secwatch.observer/filing/0001140361-24-022113.json
- Plain text: https://secwatch.observer/filing/0001140361-24-022113.txt

## Key facts
- Debt Financings
  BlackRock Private Credit Fund incurred revolving credit of initial amount of up to $75,000,000 with Sumitomo Mitsui Banking Corporation, as Administrative Agent at term SOFR plus a credit spread adjustment plus margin of 2.00% or 1.875% per ann maturing April 19, 2029.
  - Instrument: revolving credit
  - Principal: initial amount of up to $75,000,000
  - Counterparty: Sumitomo Mitsui Banking Corporation, as Administrative Agent
  - Rate: term SOFR plus a credit spread adjustment plus margin of 2.00% or 1.875% per ann
  - Maturity: April 19, 2029
  - Event: incurrence
  source text: used for general corporate purposes, including the funding of portfolio investments. The Credit Facility provides for a revolving credit facility in an initial amount of up to $75,000,000, subject to availability under the borrowing base, which is based on the Company’s portfolio investments and other outstanding indebtedness. Maximum capacity under the Credit
  evidence_url: https://www.sec.gov/Archives/edgar/data/1902649/000114036124022113/0001140361-24-022113-index.htm
- Material Agreements
  BlackRock Private Credit Fund entered into Senior Secured Credit Agreement with Sumitomo Mitsui Banking Corporation, as Administrative Agent, and the lenders and issuing banks from time to time parties thereto valued at $75,000,000 (effective 2024-04-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Sumitomo Mitsui Banking Corporation, as Administrative Agent, and the lenders and issuing banks from time to time parties thereto
  - Value: $75,000,000
  - Effective: 2024-04-19
  source text: On April 19, 2024, Blackrock Private Credit Fund (the “Company”), a Delaware statutory trust, entered into a Senior Secured Credit Agreement (the “Credit Facility”). The parties to the Credit Facility include the Company, as Borrower, the lenders and issuing banks from time to time parties thereto (each a “Lender” and collectively, the “Lenders”) and Sumitomo Mitsui Banking Corporation, as Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1902649/000114036124022113/0001140361-24-022113-index.htm

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