BlackRock Private Credit Fund: debt financing — BlackRock Private Credit Fund subsidiary enters $200M credit facility with BMO-led syndicate

BlackRock Private Credit Fund

Subsidiary BlackRock Private Credit Fund Leverage III LLC entered a $200M revolving credit facility on March 13, 2026.
Interest rate: Daily Simple SOFR + 1.50% for first 3 years, then +1.75% per annum.
Proceeds to acquire a portfolio of middle market leveraged loans.
Facility includes customary covenants and events of default; Bank of Montreal acts as administrative agent.
Credit facility supports BlackRock Private Credit Fund's leverage strategy; State Street Bank is collateral custodian.

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 credit facility of $200 million with Bank of Montreal, the lenders party thereto from time to time at Daily Simple SOFR rate plus 1.50% for 3 years, then 1.75%.

Instrument: credit facility
Principal: $200 million
Counterparty: Bank of Montreal, the lenders party thereto from time to time
Rate: Daily Simple SOFR rate plus 1.50% for 3 years, then 1.75%
Event: incurrence

Exact text from the filing

the Loan Agreement. The maximum amount of commitments under the Loan Agreement that can be drawn by PCFL III is (a) for a period of 3 years from the date of the Loan Agreement, $200 million; and (b) thereafter, an amount equal to the outstanding principal amount of the loans. The applicable interest rate on the loans drawn under the Loan Agreement is the benchmark

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001140361-26-010437

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.