CoverageForm 410-K10-Q8-K13D13G13F

N/A Lord Abbett Private Credit Fund - 8-K

Filed Apr 23, 2026. See issuer overview · financials · original on SEC.gov ↗
Accession
0000930413-26-001190
3.027.018.01

Item 3.02 - Unregistered Sales of Equity Securities

157 words

Item 3.02. Unregistered
Sales of Equity Securities.

As of April 1, 2026, Lord Abbett Private Credit
Fund (“we”, the “Company” or the “Fund”) issued and sold approximately 1,752,181 of the Company’s
common shares of beneficial interest (the “Common Shares”) for an aggregate offering price of approximately $43.4 million,
reflecting a purchase price of $24.79 per Common Share (with the final number of Common Shares being determined on April 17, 2026).

The
offer and sale of Common Shares was made pursuant to subscription agreements entered into by the Company and its shareholders.
The issuance of the Common Shares is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities
Act”), provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder. The Company relied,
in part, upon representations from the shareholders in the subscription agreements that each shareholder was an accredited investor
as defined in Regulation D under the Securities Act.

Item 7.01 - Regulation FD Disclosure

603 words

Item 7.01. Regulation FD Disclosure.

Company’s Portfolio:

As of March 31, 2026, the Company had made
loans to 51 portfolio companies, held an equity position in one portfolio company, and held one investment in a joint venture,
with an aggregate loan commitment amount of approximately $1,767 million and par value of approximately $1,328 million. The portfolio
consists of 95% senior secured debt investments and 5% investment in a joint venture, based on par value or in the case of investments
in a joint venture, cost. As of March 31, 2026, 100% of the debt investments, based on par value, in the Company’s portfolio were
at floating rates. As of March 31, 2026, 99% of the Company’s total loan commitments were in private senior secured loans.
The following table presents information concerning portfolio companies to which the Company has made loans.

Portfolio
Company Metrics (1) :

Median
12-month EBITDA:

$84
million (2)

Weighted average net leverage:

4.9x (2)(3)

Weighted average loan to
value:

43% (2)(4)

Weighted average interest
coverage:

2.3x (2)(5)

Weighted average yield on
debt investments, at cost:

9.4% (6)

(1)

Amounts were derived from
the most recently available financial statements provided by portfolio companies which
have not been independently verified by us and may reflect a normalized or adjusted amount.
Such amounts have not been independently estimated by us, and accordingly, we take no
responsibility for such numbers and make no representation or warranty in respect of
this information.

(2)

Metrics exclude one liquid loan. Metrics also
exclude one recurring revenue investment, which are investments in portfolio companies
in which the Company lends based on a multiple of recurring revenue generated by the
portfolio company and not based on a multiple of EBITDA. Weighted average metrics are
calculated as a percentage of funded par value of debt investments.

(3)

Net leverage is the ratio of total senior debt
minus cash divided by EBITDA and taking into account leverage through the tranche to
which the Company is a lender.

(4)

Calculated using total senior debt minus cash
divided by total enterprise value estimated by the private equity sponsor or market comparables
and taking into account leverage through the tranche to which the Company is a lender.

(5)

Interest coverage for a particular
portfolio company is calculated by taking EBITDA and dividing by annualized latest reported
interest expense.

(6)

Computed as (a) the annual stated spread, plus
reference rate, as applicable, plus the annual accretion of discounts, plus the annual
unused fees, as applicable on debt securities divided by (b) total debt investments at
cost included in such securities. Actual yields earned over the life of each investment
could differ materially from the yields presented herein.

The table below shows the Company’s loan investment
activity during the period March 1, 2026, through March 31, 2026. Amounts shown for commitment amount and par value are as of March
31, 2026:

Issuer

Commitment Amount

($ in millions)

Par
Amount

($ in millions)

AMP Purchaser LLC

$24.2

$21.5

Databricks Inc

$10.8

$2.2

LR Purchaser LLC

$26.7

$21.8

NDT Global Holding Inc

$17.6

$0.0

Total

$79.3

$45.5

The table below describes investments by industry
composition based on par value or, in the case of equity investments, cost as of March 31, 2026:

Industry

Par or Cost

($ in millions)

%
of Total

Health Care Providers & Services

$134.5

10.1%

Electrical Equipment

131.9

9.9

Air Freight & Logistics

122.2

9.2

Commercial Services & Supplies

118.5

8.9

Software

107.2

8.1

Aerospace & Defense

99.3

7.5

IT Services

96.1

7.2

Professional Services

91.1

6.9

Machinery

90.4

6.8

Real Estate Management & Development

64.8

4.9

Others

271.7

20.5

Total

$1,327.7

100.0 %

Item 8.01 - Other Events

141 words

Item 8.01. Other Events.

Distribution:

On April 20,
2026, the Company declared a distribution of approximately $0.22 per share to shareholders of record as of April 30, 2026 to be
paid on or about May 29, 2026.

Net
Asset Value

As
of March 31, 2026, the Company’s aggregate net asset value (“NAV”) was approximately $672 million. The NAV per
share of Common Shares as of March 31, 2026, as determined in accordance with the Company’s valuation policy, was $24.79
per Common Share.

Final results related to all
of the above information and other information may differ materially as a result of the completion of the Company’s financial
closing procedures, which will occur between the date hereof and the completion of the financial statements and the filing of the
Company’s quarterly report on Form 10-Q for the quarter ending March 31, 2026.