PGIM Private Credit Fund, a Delaware-based entity, announced on November 12, 2026, that its wholly owned subsidiary, PGIM Private Credit Fund ABL LLC, entered into Amendment No. 2 to the Loan Financing and Servicing Agreement. The amendment modifies an existing credit facility originally established on May 5, 2026, which had previously been amended by Amendment No. 1 dated September 18, 2026.
The agreement involves Deutsche Bank AG, New York Branch, acting as the facility agent, agent, and committed lender. State Street Bank and Trust Company serves as the collateral agent and collateral custodian. The Fund acts as the equityholder and servicer, while the SPV functions as the borrower.
Key changes outlined in the amendment include an increase to the total facility amount, raising the borrowing capacity from $200 million to $300 million. Additionally, the amendment amended the applicable margin governing the facility.
The filing states that the foregoing description is a summary of the material provisions and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
