LGAM Private Credit LLC 8-K

What Happened
LGAM Private Credit LLC announced that, as of January 1, 2026 (final count determined Jan 26, 2026), it sold approximately 773,332 common units for an aggregate offering price of about $15.4 million (purchase price $19.93 per unit). The unit issuance was made under subscription agreements and relied on Regulation S exemptions (sold to non‑U.S. persons). The Fund also declared a regular distribution of $0.1412 per unit on January 26, 2026, payable on or about February 4, 2026 to holders of record as of January 31, 2026. In addition, the Company provided a portfolio snapshot as of December 31, 2025.

Key Details

• Unit sale: ~773,332 common units for ~ $15.4 million; $19.93 per unit; issuance exempt under Regulation S (sales to non‑U.S. persons).
• Distribution: $0.1412 per unit declared Jan 26, 2026; payable ~Feb 4, 2026 to holders of record Jan 31, 2026.
• Portfolio (as of Dec 31, 2025): 132 portfolio companies across 32 industries; aggregate par value ≈ $585.7 million; ~99.4% first‑lien debt and ~99.9% of debt at floating rates.
• Financial position: estimated aggregate net asset value ≈ $220.9 million; debt outstanding ≈ $261.7 million (principal). Final NAV may change after financial close and subsequent events.

Why It Matters
These items affect unitholders’ cash returns and the Fund’s capital structure. The unit sale raised about $15.4M of capital (sold offshore under Regulation S), which may support new investments or operations. The declared distribution signals a near‑term cash payout to investors. The portfolio and NAV disclosure give investors updated scale, sector mix (largest industry exposure: Software ~19.2%), credit posture (predominantly first‑lien, floating‑rate loans), and leverage context (debt > estimated NAV). Note the NAV is preliminary and may be revised when year‑end financials are completed.