---
schema_version: "secwatch.filing_event.v1"
accession: "0002026448-25-000058"
form_type: "8-K"
ticker: null
cik: "0002026448"
company_name: "Principal Credit Real Estate Income Trust"
filed_at: "2025-06-30T23:59:59+00:00"
generated_at: "2026-05-18T14:58:50.009018+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Principal Credit REIT enters $250M repurchase facility with Citibank; declares $0.1350/share June distribution

## Summary
- PCREDIT Levered B LLC, a wholly-owned subsidiary, entered a $250M Master Repurchase Agreement with Citibank N.A. to finance eligible loan acquisitions.
- Advances bear interest at Term SOFR plus a margin; facility matures June 27, 2027, with possible extension.
- Company provides a guaranty covering up to 25% of the outstanding repurchase obligations, becoming full recourse on certain events.
- Declared June 2025 distributions of $0.1350 per share for Class A, F-I, I, and E common shares, payable July 18, 2025 to holders of record June 30.

## SEC filing metadata
- accession: 0002026448-25-000058
- form_type: 8-K
- cik: 0002026448
- company_name: Principal Credit Real Estate Income Trust
- filed_at: 2025-06-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2026448/000202644825000058/0002026448-25-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2026448/000202644825000058/pcrei-20250627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002026448-25-000058
- JSON: https://secwatch.observer/filing/0002026448-25-000058.json
- Plain text: https://secwatch.observer/filing/0002026448-25-000058.txt

## Key facts
- Debt Financings
  Principal Credit Real Estate Income Trust incurred credit facility of $250 million with Citibank, N.A. at Term SOFR for a one month period plus a margin as agreed upon by Citi and Seller maturing June 27, 2027.
  - Instrument: credit facility
  - Principal: $250 million
  - Counterparty: Citibank, N.A.
  - Rate: Term SOFR for a one month period plus a margin as agreed upon by Citi and Seller
  - Maturity: June 27, 2027
  - Event: incurrence
  source text: by the Seller of eligible loans as more particularly described in the Repurchase Agreement. The Repurchase Agreement provides for asset purchases by Citi for a maximum amount of $250 million. Advances under the Repurchase Agreement accrue interest at a per annum rate equal to the Term SOFR (as defined in the Repurchase Agreement) for a one month period plus a margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/2026448/000202644825000058/0002026448-25-000058-index.htm

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