AB Private Credit Investors Corp: debt financing — ABPCI CLO XIII amends notes: extends maturity to Oct 2037, cuts spreads by ~115-365 bps

AB Private Credit Investors Corp

Stated maturity extended from April 2035 to October 2037; non-call period extended to October 2027.
Reinvestment period extended from April 2027 to October 2029.
Spread reduced on Class A from 2.60% to 1.45%, Class B 3.65% to 1.80%, Class C 4.55% to 2.20%, Class D 6.90% to 3.25%.
Adviser AB Private Credit Investors LLC will receive $0 base management fee and subordinated interest.
Secured notes total $328M across four classes; subordinated notes $67M.

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

AB Private Credit Investors Corp amended senior notes of the Secured Notes consisting of $228,000,000 Class A Notes, $36,000,000 Class B Notes, $36,000,000 Class C Notes, and $2 with U.S. Bank Trust Company, National Association at the spread on the Class A Notes was reduced from 2.60% to 1.45%; ii) the spread maturing October 27, 2037.

Instrument: senior notes
Principal: the Secured Notes consisting of $228,000,000 Class A Notes, $36,000,000 Class B Notes, $36,000,000 Class C Notes, and $2
Counterparty: U.S. Bank Trust Company, National Association
Rate: the spread on the Class A Notes was reduced from 2.60% to 1.45%; ii) the spread
Maturity: October 27, 2037
Event: amendment

Exact text from the filing

td (the “ Second Static Subsidiary ” and together with the Issuer, the Co-Issuer and the First Static Subsidiary, the “ Issuer Entities ”), each a special purpose vehicle, executed that certain first supplemental indenture by and among the Issuer Entities and U.S. Bank Trust Company, National Association (the “ Supplemental Indenture ”). The Supplemental Indenture amends that certain indenture entered into by the Issuer Entities and U.S.

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Source: SEC EDGAR

accession 0001193125-25-251673

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