---
schema_version: "secwatch.filing_event.v1"
accession: "0001851322-23-000074"
form_type: "8-K"
ticker: null
cik: "0001851322"
company_name: "North Haven Private Income Fund LLC"
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T15:27:08.276001+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# North Haven Private Income Fund issues $235M in senior notes; Tranche A due 2026, Tranche B due 2028

## Summary
- Issued $107M of 8.84% Series B Senior Notes (Tranche A) due Aug 10, 2026 and $128M of 8.88% Series B Notes (Tranche B) due Aug 10, 2028.
- Notes sold to qualified institutional investors in a private placement; net proceeds for general corporate purposes including investments and repaying debt.
- Interest payable semiannually in March and September, starting March 2024; optional redemption at par plus accrued interest and make-whole premium if redeemed before May 10, 2026/2028.
- Financial covenants require minimum shareholders' equity and asset coverage ratio at or above the statutory minimum under the Investment Company Act of 1940.
- Change-in-control triggers offer to repurchase at par; interest steps up by 1.00% (Below Investment Grade) or 1.50% (Secured Debt Ratio >0.60:1.00).

## SEC filing metadata
- accession: 0001851322-23-000074
- form_type: 8-K
- cik: 0001851322
- company_name: North Haven Private Income Fund LLC
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851322/000185132223000074/0001851322-23-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851322/000185132223000074/pif-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001851322-23-000074
- JSON: https://secwatch.observer/filing/0001851322-23-000074.json
- Plain text: https://secwatch.observer/filing/0001851322-23-000074.txt

## Key facts
- Debt Financings
  North Haven Private Income Fund LLC incurred senior notes of $128.0 million in aggregate principal amount of Series B Senior Notes, Tranche B, due August 10, 2028 with certain qualified institutional investors at 8.88% per year maturing August 10, 2028.
  - Instrument: senior notes
  - Principal: $128.0 million in aggregate principal amount of Series B Senior Notes, Tranche B, due August 10, 2028
  - Counterparty: certain qualified institutional investors
  - Rate: 8.88% per year
  - Maturity: August 10, 2028
  - Event: incurrence
  source text: the issuance of $128.0 million in aggregate principal amount of Series B Senior Notes, Tranche B, due August 10, 2028 (the “Tranche B Notes” and, together with the Tranche A Notes, collectively, the “Series B Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851322/000185132223000074/0001851322-23-000074-index.htm
- Debt Financings
  North Haven Private Income Fund LLC incurred senior notes of $107.0 million in aggregate principal amount of Series B Senior Notes, Tranche A, due August 10, 2026 with certain qualified institutional investors at 8.84% per year maturing August 10, 2026.
  - Instrument: senior notes
  - Principal: $107.0 million in aggregate principal amount of Series B Senior Notes, Tranche A, due August 10, 2026
  - Counterparty: certain qualified institutional investors
  - Rate: 8.84% per year
  - Maturity: August 10, 2026
  - Event: incurrence
  source text: On August 10, 2023, North Haven Private Income Fund LLC (the “Company”) entered into a Master Note Purchase Agreement (the “August 2023 NPA”) governing the issuance of $107.0 million in aggregate principal amount of Series B Senior Notes, Tranche A, due August 10, 2026 (the “Tranche A Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851322/000185132223000074/0001851322-23-000074-index.htm
- Material Agreements
  North Haven Private Income Fund LLC entered into Master Note Purchase Agreement with certain qualified institutional investors valued at $107.0 million in aggregate principal amount of Series B Senior Notes, Tranche A, due August 10, 202 (effective 2023-08-10).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain qualified institutional investors
  - Value: $107.0 million in aggregate principal amount of Series B Senior Notes, Tranche A, due August 10, 202
  - Effective: 2023-08-10
  source text: On August 10, 2023, North Haven Private Income Fund LLC (the “Company”) entered into a Master Note Purchase Agreement (the “August 2023 NPA”) governing the issuance of $107.0 million in aggregate principal amount of Series B Senior Notes, Tranche A, due August 10, 2026 (the “Tranche A Notes”) and the issuance of $128.0 million in aggregate principal amount of Series B Senior Notes, Tranche B, due August 10, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851322/000185132223000074/0001851322-23-000074-index.htm

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