Audax Private Credit Fund, LLC: debt financing — Audax Private Credit Fund upsizes credit facility to $600M, extends maturity to Sep 2030, declares $0.38/share dividend

Audax Private Credit Fund, LLC

Facility upsized to $600M from $500M; maturity extended to Sep 30, 2030; reinvestment period to Sep 29, 2028.
Margin reduced from 2.15% to 2.00% per annum before default; borrowings subject to Investment Company Act limits.
Board declares $0.38/share distribution payable Oct 14, 2025 to holders of record Sep 30, 2025; cash or DRIP option.

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

Audax Private Credit Fund, LLC amended credit facility of from $500 million to $600 million with Wells Fargo Bank, National Association at from 2.15% per annum to 2.00% per annum maturing from October 10, 2029 to September 30, 2030.

Instrument: credit facility
Principal: from $500 million to $600 million
Counterparty: Wells Fargo Bank, National Association
Rate: from 2.15% per annum to 2.00% per annum
Maturity: from October 10, 2029 to September 30, 2030
Event: amendment

Exact text from the filing

The Amendment amended certain terms of the Loan Agreement to provide for, among other things, (i) an increase in the size of the credit facility from $500 million to $600 million, (ii) an extension of each of the maturity period and reinvestment period by approximately one year, from October 10, 2029 to September 30, 2030 and October 8, 2027 to September 29, 2028, respectively, and (iii) a reduction in the facility margin prior to the default period for the applicable reference rate from 2.15% per annum to 2.00% per annum.

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Source: SEC EDGAR

accession 0001193125-25-229710

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