06/29/2026 | Press release | Distributed by Public on 06/29/2026 14:05
| Item 3.02. |
Unregistered Sales of Equity Securities. |
On June 26, 2026, AGL Private Credit Income Fund (the "Company") closed the sale of 1,289,767.84 of the Company's common shares of beneficial interest, par value $0.001 per share (the "Common Shares"), for an aggregate offering price of $30,000,000. This capital was called pursuant to a drawdown notice delivered to shareholders of the Company on June 11, 2026.
The sale of the Common Shares was made pursuant to subscription agreements entered into by the Company and its shareholders. Under the terms of the subscription agreements, shareholders are required to fund drawdowns to purchase Common Shares up to the amount of their respective capital commitments on an as-needed basis with a minimum of 10 days' prior notice to shareholders.
The issuance of the Common 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 thereunder. The Company relied, in part, upon representations from the shareholders in the subscription agreements that each shareholder was an accredited investor as defined in Regulation D under the Securities Act.
| Item 7.01. |
Regulation FD Disclosure |
Recent Developments
Subsequent to March 31, 2026, the Company committed to the following additional investment transactions, representing aggregate commitments of approximately $102.5 million. The debt investments carry a weighted average spread of 5.3% and a weighted average loan-to-value ratio of 60.5%, based upon portfolio company financial statements.
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Investments |
Reference Rate and Spread |
Acquisition Date |
Maturity Date |
Commitment ($) |
Initial Funded Amount ($) |
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Non-controlled/Non-affiliated |
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Debt Investments |
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Hotels, Restaurants & Leisure |
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Invited, Inc. |
SOFR + 5.25 | % | 6/9/2026 | 6/9/2032 | $ | 62,500 | $ | 53,442 | ||||||||||||
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Transportation Infrastructure |
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AWP Group Holdings, Inc. |
SOFR + 5.25 | % | 4/17/2026 | 12/22/2032 | 40,000 | 36,078 | ||||||||||||||
|
Total Non-controlled/Non-affiliated Debt Investments |
$ | 102,500 | $ | 89,520 | ||||||||||||||||
The following table sets forth certain characteristics of the Company's investment portfolio as of June 23, 2026. Weightings in this table are based on the funded par value of each respective investment as of June 23, 2026. All portfolio company information is presented as of the origination date of each investment.
| As of June 23, 2026 | ||||
|
Weighted average net leverage |
5.8x | |||
|
Weighted average loan-to-value |
40.3 | % | ||
|
Weighted average interest coverage |
2.0x | |||
|
Financial sponsor backed |
93.0 | % | ||
The information presented under Item 7.01 is being "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act, except as may be expressly set forth by specific reference in such a filing.