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

Item 3.02. Unregistered Sales of Equity Securities.

As of May 1, 2026, Lord Abbett Private Credit
Fund S (“we”, the “Company” or the “Fund”), issued and sold approximately 102,024 of the Company’s
common shares of beneficial interest (the “Common Shares”) for an aggregate offering price of approximately $2.5 million,
reflecting a purchase price of $24.70 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.

Company’s Portfolio:

As of April 30, 2026, the Company had made loans
to 53 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 $497 million and par value of approximately $381 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 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:

45% (2)(4)

Weighted average interest coverage:

2.4x (2)(5)

Weighted average yield on debt investments, at cost:

9.2% (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

$18.7

$12.3

ClubCorp Holdings, Inc.

$9.2

$6.4

Dwyer Instruments, Inc

$8.0

$7.2

Empower Payments Investor, LLC

$10.8

$4.8

MAI Capital Management Intermediate LLC

$8.0

$7.1

Radwell Parent, LLC

$6.3

$5.0

Total

$61.0

$42.8

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

$47.8

12.5%

Commercial Services & Supplies

44.7

11.7

Air Freight & Logistics

39.8

10.4

Aerospace & Defense

34.9

9.2

Software

30.9

8.1

IT Services

27.3

7.2

Machinery

20.2

5.3

Electrical Equipment

16.8

4.4

Health Care Equipment & Supplies

15.1

4.0

Food Products

12.9

3.4

Others

90.7

23.8

Total

$381.1

100.0%

Item 8.01. Other Events.

Distribution:

On May 26, 2026, the
Company declared a distribution of approximately $0.19 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 $194 million. The NAV per share of Common Shares as of April 30, 2026, as determined
in accordance with the Company’s valuation policy, was $24.70 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.