Loan & DebtSep 24, 2026, 05:41 PM
PGIM Private Credit Fund Increases Facility to $200M from $100M
AI Summary
PGIM Private Credit Fund announced an amendment to its Loan and Servicing Agreement through its wholly owned subsidiary, PGIM Private Credit Fund ABL LLC. The amendment, effective September 18, 2026, increases the facility amount from $100 million to $200 million. It also includes adjustments to the applicable margin and revisions to certain concentration and reporting requirements. This move signifies an expansion of the credit facility available to the SPV.
Key Highlights
- PGIM Private Credit Fund ABL LLC amended its Loan and Servicing Agreement.
- The facility amount was increased from $100 million to $200 million.
- The amendment also adjusted the applicable margin.
- Certain concentration and reporting requirements were revised.
- The amendment was entered into on September 18, 2026.
Price Impact
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