Golub Capital Private Credit Fund 8-K

What Happened
Golub Capital Private Credit Fund filed an 8‑K (Jan 21, 2026) disclosing its January 2026 regular distributions for Class I and Class S shares and providing portfolio and business commentary as of December 31, 2025. The Fund declared gross January distributions of $0.1875 per share for both Class I and Class S; the Class S distribution includes a $0.0178 shareholder servicing/distribution fee yielding a net $0.1697 per Class S share. Distributions are payable on or around February 26, 2026 to holders of record as of the open of business on January 31, 2025 (per the filing) and may be paid in cash or reinvested.

Key Details

• Portfolio size: 458 portfolio companies with total fair value ≈ $9,913 million as of December 31, 2025.
• Investment mix (by fair value): First‑lien senior secured 96%, junior debt 1%, equity & other 3%.
• Interest rate profile: 99% of debt investments (by fair value) are floating‑rate; six investments (1%) are fixed‑rate.
• Financials and leverage: Aggregate NAV ≈ $4,473 million; portfolio fair value ≈ $9,913 million; debt & short‑term borrowings ≈ $5,553 million; debt‑to‑equity leverage ratio 1.25x. NAV per share (Dec 31, 2025): Class I $25.15, Class S $25.15.
• Public offering: Continuing a continuous public offering (up to $5.0 billion). Through the Jan 1, 2026 subscription date the Fund issued Class S: 8,695,824 shares for $218,545,294; Class I: 146,167,332 shares for $3,672,582,182.

Why It Matters
The filing updates shareholders on near‑term cash distributions and provides a current snapshot of the Fund’s portfolio composition, interest‑rate exposure and leverage—key factors for income‑focused investors assessing yield stability and credit risk. The high proportion of first‑lien, senior secured loans and predominantly floating‑rate debt indicates the portfolio’s orientation toward secured, variable‑rate credit; investors should note the Fund’s leverage (1.25x) and the scale of its ongoing public offering when evaluating liquidity and capital structure.