---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-214205"
form_type: "8-K"
ticker: "PGIM"
cik: "0001923622"
company_name: "PGIM Private Credit Fund"
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:11:56.590406+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PGIM Private Credit Fund enters $100M credit facility with $500M accordion option

## Summary
- SPV subsidiary borrowed $100M initial facility; potential increase to $500M with lender consent.
- Three-year revolving period expiring May 5, 2029; final maturity two years later.
- Interest based on benchmark plus margin, with 0.25% floor; advance rates vary by loan type (e.g., 72.5% for large first lien, 40% for second lien).
- Facility secured by substantially all SPV assets; subject to leverage limits under Investment Company Act of 1940.
- Fund acts as equityholder and servicer; Deutsche Bank facility agent, State Street collateral agent.

## SEC filing metadata
- accession: 0001193125-26-214205
- form_type: 8-K
- ticker: PGIM
- cik: 0001923622
- company_name: PGIM Private Credit Fund
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1923622/000119312526214205/0001193125-26-214205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1923622/000119312526214205/ck0001923622-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-214205
- JSON: https://secwatch.observer/filing/0001193125-26-214205.json
- Plain text: https://secwatch.observer/filing/0001193125-26-214205.txt

## Source-grounded claims
- claim_id: 79a000d3bf5958104e14823c3c3098f25baeee11
  claim: PGIM Private Credit Fund incurred credit facility of $100 million with Deutsche Bank AG, New York Branch, as facility agent, and State Street Bank and Trust Company, as collateral agent and collateral custodian at an applicable margin plus a benchmark rate for the applicable currency (for Doll maturing three years after the Closing Date.
  evidence_excerpt: Repo Rate Average; and for Australian‐dollar advances, Bank Bill Swap Rate), in each case subject to a 0.25% floor. The initial facility amount of the Credit Facility is $100 million, with an accordion feature that permits increases, with the consent of the facility agent and the lenders, up to an aggregate commitment of $500 million. The Credit Facility has
  evidence_url: https://www.sec.gov/Archives/edgar/data/1923622/000119312526214205/0001193125-26-214205-index.htm
- claim_id: 30b9e2d421a380025545116e8560820f1e2bb2cf
  claim: PGIM Private Credit Fund entered into Credit Facility with Deutsche Bank AG, New York Branch, as facility agent, and State Street Bank and Trust Company, as collateral agent and collateral custodian, the Fund, as equityholder and servicer, the SPV, as borrower, and the lenders from time to time party thereto valued at $100 million (effective 2026-05-05).
  evidence_excerpt: On May 5, 2026 (the "Closing Date"), PGIM Private Credit Fund ABL LLC (the "SPV"), a wholly owned subsidiary of PGIM Private Credit Fund (the "Fund"), entered into a loan financing and servicing agreement (the "Credit Facility") with Deutsche Bank AG, New York Branch, as facility agent, and State Street Bank and Trust Company, as collateral agent and collateral custodian, the Fund, as equityholder and servicer, the SPV, as borrower, and the lenders from time to time party thereto
  evidence_url: https://www.sec.gov/Archives/edgar/data/1923622/000119312526214205/0001193125-26-214205-index.htm

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