11/13/2026 | Press release | Distributed by Public on 11/13/2026 08:33
Item 3.02. Unregistered Sales of Equity Securities.
On October 1, 2026, Audax Private Credit Fund, LLC (the "Fund") sold limited liability company interest (the "Shares"). The purchase price per share and number of Shares issued was finalized on November 11, 2026. The purchase price per share was equal to $24.860. The following table details the Shares sold:
|
Date of Issuance |
Common Shares Issued |
Total Consideration (in millions) |
|||
|
October 1, 2026 |
1,697,178.962 |
$ |
42.2 |
||
The sale of Shares was made pursuant to subscription agreements entered into by the Fund and its investors. The issuance of the Shares is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) thereof and Regulation D or Regulation S thereunder, as applicable. The Fund relied upon representations from the shareholders in the subscription agreements that each shareholder was either (i) an accredited investor as defined in Regulation D under the Securities Act or (ii) not a "U.S. person" as defined in Regulation S under the Securities Act.
Item 8.01. Other Events.
Net Asset Value
The net asset value ("NAV") per share as of September 30, 2026, as determined in accordance with the Fund's valuation policy, is set forth below.
|
NAV per share as of September 30, 2026 |
||
|
Common Shares |
$ |
24.860 |
As of September 30, 2026, the Fund's aggregate NAV was $612.8 million, the fair value of its investment portfolio was $1,212.5 million and it had principal debt outstanding of $646.6 million, resulting in a debt-to-equity ratio of approximately 1.06x.