CoverageForm 410-K10-Q8-K13D13G13F

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

Filed May 29, 2026. See issuer overview · financials · original on SEC.gov ↗
Accession
0000930413-26-001749
3.027.018.01

Item 3.02 - Unregistered Sales of Equity Securities

157 words

Item 3.02. Unregistered
Sales of Equity Securities.

As of May 1, 2026, Lord Abbett Private Credit
Fund (“we”, the “Company” or the “Fund”) issued and sold approximately 379,963 of the Company’s
common shares of beneficial interest (the “Common Shares”) for an aggregate offering price of approximately $9.4 million,
reflecting a purchase price of $24.78 per Common Share (with the final number of Common Shares being determined on May 26, 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

615 words

Item 7.01. Regulation FD Disclosure.

Company’s Portfolio:

As of April 30, 2026, the Company had made
loans to 56 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 $1,860 million and par value of approximately $1,395 million. The portfolio
consists of 96% senior secured debt investments and 4% investment in a joint venture, based on par value or in the case of investments
in a joint venture, cost. As of April 30, 2026, 100% of the debt investments, based on par value, in the Company’s portfolio were
at floating rates. As of April 30, 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:

$88 million (2)

Weighted average net leverage:

5.0x (2)(3)

Weighted average loan to value:

44% (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 April 1, 2026, through April 30, 2026. Amounts shown for commitment amount and par value are as of April
30, 2026:

Issuer

Commitment Amount

($ in millions)

Par Amount

($ in millions)

Bridgepointe Technologies, LLC

$55.1

$36.2

ClubCorp Holdings, Inc.

$15.0

$10.4

Dwyer Instruments, Inc

$13.0

$11.6

Empower Payments Investor, LLC

$17.5

$7.8

MAI Capital Management Intermediate LLC

$13.0

$11.5

Radwell Parent, LLC

$15.2

$11.1

Total

$128.8

$88.6

The table below describes investments by industry
composition based on par value or, in the case of equity investments, cost as of April 30, 2026:

Industry

Par or Cost

($ in millions)

% of Total

Health Care Providers & Services

$134.2

9.6%

IT Services

132.1

9.5

Electrical Equipment

130.9

9.4

Commercial Services & Supplies

122.0

8.7

Air Freight & Logistics

121.8

8.7

Software

108.0

7.7

Aerospace & Defense

99.3

7.1

Machinery

92.7

6.6

Professional Services

90.1

6.5

Real Estate Management & Development

66.2

4.7

Others

297.4

21.5

Total

$1,394.7

100.0%

Item 8.01 - Other Events

141 words

Item 8.01. Other Events.

Distribution:

On May 26, 2026,
the Company declared a distribution of approximately $0.22 per share to shareholders of record as of May 31, 2026 to be paid on
or about June 26, 2026.

Net
Asset Value

As
of April 30, 2026, the Company’s aggregate net asset value (“NAV”) was approximately $716 million. The NAV per
share of Common Shares as of April 30, 2026, as determined in accordance with the Company’s valuation policy, was $24.78
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 June 30, 2026.