Golub Capital Private Credit Fund 8-K

What Happened
Golub Capital Private Credit Fund filed an 8-K on December 22, 2025 disclosing Regulation FD information and other events: it declared December 2025 regular distributions for Class I and Class S shares and provided a portfolio and business update as of November 30, 2025. The fund reported a portfolio fair value of approximately $9,642 million across 448 portfolio companies and an estimated net asset value based on the Net Offering Price of about $4,361 million.

Key Details

• Distribution: December 2025 regular distribution per share — Class I: $0.1875 (net $0.1875); Class S: $0.1875 gross, $0.0178 fee, net $0.1697. Record date: open of business Dec 31, 2025; payable on or around Jan 29, 2026. Shareholders may receive cash or reinvest via the fund’s distribution reinvestment plan.
• Portfolio composition (by fair value as of Nov 30, 2025): First lien senior secured 96%, junior debt 1%, equity & other 3%. About 99% of debt investments are floating rate; seven investments (~1%) are fixed rate.
• Size and leverage: Portfolio fair value $9,642 million; debt and short-term borrowings $5,303 million; estimated NAV (Net Offering Price basis) $4,361 million; debt-to-equity leverage ratio 1.23x.
• Offering & share data: Net Offering Price per share $25.15 for both Class I and Class S. Public offering ongoing up to $5.0 billion; through Dec 1, 2025 the fund issued 140,623,753 Class I shares ($3,533,357,142) and 8,353,783 Class S shares ($209,961,990).

Why It Matters
This filing gives investors updated, specific figures on the fund’s distribution payments, portfolio mix, interest rate exposure (predominantly floating), NAV basis, and leverage — all key for assessing income expectations and risk. The continued public offering and large amount of shares sold year-to-date show ongoing capital raising; the high proportion of first‑lien, floating‑rate debt indicates the fund’s income should move with short‑term interest rates, while the reported leverage (1.23x) indicates the level of borrowing supporting returns.