AB Private Lending Fund 8-K

What Happened
AB Private Lending Fund filed an 8‑K on January 22, 2026, reporting three material items: a private (unregistered) sale of Class I common shares, its net asset value (NAV) as of December 31, 2025, and a January 2026 distribution. The Fund sold 94,010 Class I shares in the private offering as of January 2, 2026 (final share count determined January 22, 2026) for $2,369,086.96. The Fund declared a January 2026 distribution of $0.20 per Class I share (gross and net), payable to holders of record as of January 30, 2026 and payable on or about February 27, 2026 (cash or reinvested). NAV per Class I share was $25.20 as of December 31, 2025; aggregate NAV was approximately $163.0 million, the investment portfolio fair value was about $339.3 million, and debt outstanding (principal) was about $181.5 million.

Key Details

• Unregistered sale: 94,010 Class I shares sold as of Jan 2, 2026 for $2,369,086.96 (finalized Jan 22, 2026).
• January distribution: $0.20 per Class I share declared Jan 22, 2026; record date Jan 30, 2026; pay/reinvest date ~Feb 27, 2026.
• NAV and capital structure (Dec 31, 2025): Class I NAV $25.20; aggregate NAV ≈ $163.0M; portfolio fair value ≈ $339.3M; debt outstanding ≈ $181.5M.
• Offerings: Fund is continuously offering up to $1.0 billion in Shares and has issued 6,529,182 Class I shares in the Private Offering for total consideration of $163,806,658.21 (does not include DRIP sales).

Why It Matters
These disclosures tell investors how the Fund is funding operations and returning cash to holders. The declared $0.20 distribution provides a near-term cash or reinvestment option for shareholders. The NAV, portfolio fair value, and debt figures give a snapshot of the Fund’s size and capital structure as of Dec 31, 2025. The private sale and ongoing public offering show the Fund continues to raise capital, which can affect share count and future distributions.