---
schema_version: "secwatch.filing_event.v1"
accession: "0002082557-26-000022"
form_type: "8-K"
ticker: null
cik: "0002082557"
company_name: "Golub Capital Private Income Fund S"
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T02:25:47.195891+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Golub Capital Private Income Fund S NAV falls to $24.10 from $25.00 on credit spread widening

## Summary
- NAV per share $24.10 as of March 31, 2026, down from $25.00 as of Dec 31, 2025, due to unrealized losses from credit spread widening.
- Portfolio investments in 135 companies with total fair value $243M; 98% first lien senior secured.
- Debt/equity leverage ratio 1.29x; GAAP net leverage 1.22x; total debt outstanding $144M.
- Average Price of highest-rated debt investments (IPR 4/5) declined from 99.9% to 98.2% of par during quarter.
- April distribution of $0.1667 gross ($0.1499 net) payable on May 28, 2026 to holders of record April 30, 2026.

## SEC filing metadata
- accession: 0002082557-26-000022
- form_type: 8-K
- cik: 0002082557
- company_name: Golub Capital Private Income Fund S
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2082557/000208255726000022/0002082557-26-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2082557/000208255726000022/gpifs-20260427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002082557-26-000022
- JSON: https://secwatch.observer/filing/0002082557-26-000022.json
- Plain text: https://secwatch.observer/filing/0002082557-26-000022.txt

## Key facts
- Equity Issuances
  Golub Capital Private Income Fund S issued 65,768 of common stock to accredited investors for $1,585,000.
  - Security: common stock
  - Shares: 65,768
  - Purchaser: accredited investors
  - Consideration: $1,585,000
  source text: of Common Shares sold and consideration therefore: Date of Unregistered Sale Amount of Common Shares NAV per Common Share Consideration (1) As of April 1, 2026 65,768 $ 24.10 $ 1,585,000 (1) No underwriting discounts or commissions have been or will be paid in connection with the sale of such Common Shares. Although the Fund does not charge investors any upfront
  evidence_url: https://www.sec.gov/Archives/edgar/data/2082557/000208255726000022/0002082557-26-000022-index.htm

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