Lord Abbett Private Credit Fund S 8-K

What Happened
Lord Abbett Private Credit Fund S filed an 8‑K (Mar 27, 2026) announcing that the fund issued ~1,149,666 common shares for aggregate proceeds of approximately $28.6 million (purchase price $24.87/share; final share count determined Mar 23, 2026) in an unregistered private offering. The filing also discloses portfolio and loan activity as of Feb 28, 2026, and announces a distribution and NAV information.

Key Details

• Unregistered share sale: ~1,149,666 Common Shares for ~$28.6M (purchase price $24.87/share); offering relied on Section 4(a)(2)/Reg D and investor accredited‑status representations. (Sale effective Mar 2; final share count Mar 23, 2026.)
• Distribution declared: ~$0.19 per share declared Mar 23, 2026; record date Mar 31, 2026; payable on or about Apr 29, 2026.
• NAV and pricing: Aggregate NAV ≈ $158 million and NAV per share $24.87 as of Feb 28, 2026 (per the Company’s valuation policy).
• Portfolio (as of Feb 28, 2026): loans to 44 portfolio companies, 1 equity position, 1 joint venture; total loan commitments ≈ $384M and par value ≈ $296M; portfolio is ~93% senior secured debt and 100% of debt investments (by par) are floating‑rate. Key metrics: weighted average yield on debt (at cost) 9.2%; weighted average net leverage 4.5x; median 12‑month EBITDA $78M.
• Feb 2026 loan activity: new commitments $44.0M and par $28.0M across three issuers (Association Resource Group, Frozen Garlic Bread Holdings, MGS Mfg. Group). Top industry exposures by par/cost include Health Care Providers & Services ($48.0M, 16.2%), Commercial Services & Supplies ($43.1M, 14.6%), Air Freight & Logistics ($39.5M, 13.3%), Software ($30.3M, 10.2%).

Why It Matters
For investors, the filing shows the fund raised additional capital (~$28.6M) via a private share sale priced at the reported NAV per share ($24.87), declared a cash distribution ($0.19/share), and provided updated portfolio-level metrics and recent loan activity. The portfolio’s large share of floating‑rate, senior secured loans and a reported 9.2% weighted average yield (at cost) are material portfolio characteristics that affect interest income and sensitivity to rate changes. The company cautions final figures may change pending financial close and the March quarter 10‑Q.