secwatch.observer — SEC 8-K summary
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Issuer:     PGIM Private Credit Fund (PGIM)
CIK:        0001923622
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001193125-26-214205
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1923622/000119312526214205/0001193125-26-214205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1923622/000119312526214205/ck0001923622-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-214205

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