debt
confidence high
sentiment neutral
materiality 0.65
AGL Private Credit Income Fund enters $250M credit facility and sells $100M common shares
AGL Private Credit Income Fund
- PCIF Defender Funding LLC (wholly-owned sub) closed $250M revolving/term credit facility with Natixis, matures June 2035.
- Loans bear interest at base rate plus 1.95% (step-up to 2.00% on default); secured by all assets of PCIF Defender.
- Closed sale of 3,998,400.64 common shares for $100M on June 17, 2025, via drawdown notice dated June 3, 2025.
- Equity issued under Section 4(a)(2)/Reg D exemption; accredited investors only; proceeds for general corporate purposes.
- Credit facility includes an accordion for future increases; proceeds to fund collateral obligations, fees, and distributions.
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