---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-294278"
form_type: "8-K"
ticker: null
cik: "0001876255"
company_name: "AB Commercial Real Estate Private Debt Fund, LLC"
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:38:53.940808+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AB Commercial Real Estate Private Debt Fund subsidiary enters $151M loan with HSBC

## Summary
- Subsidiary TNVA1 borrowed $151M under Loan and Security Agreement with HSBC as agent.
- Loan bears interest at greater of Term SOFR + 2.25% (0% floor) or 5.25% per annum.
- Initial maturity date set for December 7, 2026; extension options available.
- Fund guarantees payment up to lesser of 35% of outstanding balance or $52.8M.
- Loan secured by first-priority interest in collaterally assigned loans.

## SEC filing metadata
- accession: 0001193125-23-294278
- form_type: 8-K
- cik: 0001876255
- company_name: AB Commercial Real Estate Private Debt Fund, LLC
- filed_at: 2023-12-13T23:59:59+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/1876255/000119312523294278/0001193125-23-294278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1876255/000119312523294278/d83557d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-294278
- JSON: https://secwatch.observer/filing/0001193125-23-294278.json
- Plain text: https://secwatch.observer/filing/0001193125-23-294278.txt

## Key facts
- Debt Financings
  AB Commercial Real Estate Private Debt Fund, LLC incurred credit facility of $151 million with HSBC Bank USA, National Association at Term SOFR plus a margin of 2.25%, with a 0.0% floor on Term SOFR and (ii) 5.25% maturing December 7, 2026.
  - Instrument: credit facility
  - Principal: $151 million
  - Counterparty: HSBC Bank USA, National Association
  - Rate: Term SOFR plus a margin of 2.25%, with a 0.0% floor on Term SOFR and (ii) 5.25%
  - Maturity: December 7, 2026
  - Event: incurrence
  source text: thereto (the “Lenders”) as part of a “note-on-note” loan (the “HSBC TNVA1 Loan”) transaction. The Lenders have made the HSBC TNVA1 Loan in the aggregate principal amount of $151 million. The HSBC TNVA1 Loan generally bears interest at a rate per annum equal to the greater of (i) Term SOFR plus a margin of 2.25%, with a 0.0% floor on Term SOFR and (ii) 5.25%. The
  evidence_url: https://www.sec.gov/Archives/edgar/data/1876255/000119312523294278/0001193125-23-294278-index.htm
- Material Agreements
  AB Commercial Real Estate Private Debt Fund, LLC entered into HSBC Loan and Security Agreement with HSBC Bank USA, National Association valued at $151 million (effective 2023-12-07).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: HSBC Bank USA, National Association
  - Value: $151 million
  - Effective: 2023-12-07
  source text: On December 7, 2023, AB CRE PDF TNVA1 LLC (“TNVA1”), a wholly owned subsidiary of AB Commercial Real Estate Private Debt Fund, LLC (the “Fund”), entered into a Loan and Security Agreement (the “HSBC Loan and Security Agreement”) by and among TNVA1, as borrower, HSBC Bank USA, National Association (“HSBC”), as administrative agent for itself and the other lenders signatory thereto, and the lenders signatory thereto (the “Lenders”) as part of a “note-on-note” loan (the “HSBC TNVA1 Loan”) transaction.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1876255/000119312523294278/0001193125-23-294278-index.htm

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