10/29/2025 | Press release | Distributed by Public on 10/29/2025 13:08
Item 1.01. Entry into a Material Definitive Agreement.
On October 23, 2025, AGL Private Credit Income Fund (the "Fund") entered into that certain Amendment No. 5 to the Loan and Servicing Agreement (the "Amendment"), among the Fund, as equity holder and servicer, PCIF Vigilant Funding LLC ("Vigilant Funding"), a wholly-owned subsidiary of the Fund, as borrower, Société Générale, as agent (the "Agent"), U.S. Bank Trust Company, National Association, as collateral agent ("Collateral Agent") and collateral administrator, U.S. Bank National Association, as document custodian, and the lenders party thereto, amending that certain Loan and Servicing Agreement, dated October 18, 2024 among the Fund, Vigilant Funding, the Agent, the Collateral Agent, U.S. Bank National Association, as document custodian, and the lenders party thereto (as amended by the Amendment, the "Loan Facility"). Capitalized terms used but not defined herein shall have the meanings set forth in the Loan Facility.
The Amendment provides for, among other things, an increase in the aggregate commitments of the lenders under the Loan Facility from $400.0 million to $500.0 million, a revision of the margin applicable to borrowings under the facility from 2.05% to 1.90% during the revolving period, and from 2.50% to 2.25% after the revolving period, and an extension of each of the revolving period and the facility maturity date by one year.
The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to a copy of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-Kand incorporated by reference herein.
Item 2.03. Creation of Direct Financial Obligation
The information included under Item 1.01 above regarding the Loan Facility and the Amendment is incorporated by reference into this Item 2.03.
Item 7.01. Regulation FD Disclosure
Recent Developments
Subsequent to June 30, 2025, through October 24, 2025, the Company committed to the following additional investment transactions, representing aggregate commitments of approximately $502.5 million. These investments carry a weighted average loan-to-valueratio of 44.7%, based upon portfolio company financial statements.
|
Investments |
Reference Rate and Spread |
Acquisition Date |
Maturity Date |
Commitment ($) |
Initial Funded Par ($) |
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Non-controlled/Non-affiliated |
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Debt investments |
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Aerospace & Defense |
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Titan BW Borrower L.P. |
SOFR + 4.75 | % | 7/24/2025 | 7/23/2032 | $ | 52,855 | $ | 42,141 | ||||||||||||
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Automotive Components |
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First Brands Group, LLC1 |
SOFR + 10.00 | % | 9/25/2025 | 9/26/2026 | 379 | 379 | ||||||||||||||
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First Brands Group, LLC1 |
SOFR + 10.00 | % | 10/2/2025 | 6/29/2026 | 12,622 | 12,622 | ||||||||||||||
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Diversified Consumer Services |
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Wrench Group LLC |
SOFR + 4.75 | % | 10/1/2025 | 9/3/2032 | 35,000 | 27,500 | ||||||||||||||
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Diversified Financial Services |
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Cliffwater LLC |
SOFR + 5.00 | % | 7/28/2025 | 4/22/2032 | 8,000 | 7,305 | ||||||||||||||
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Cliffwater LLC |
SOFR + 5.00 | % | 8/20/2025 | 4/22/2032 | 8,000 | 7,305 | ||||||||||||||
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Health Care Equipment & Supplies |
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Paradigm Parent, LLC |
SOFR + 4.50 | % | 7/24/2025 | 4/19/2032 | 50,000 | 50,000 | ||||||||||||||
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Health Care Providers & Services |
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Star Holdings BidCo, Inc. |
SOFR + 5.25 | % | 9/2/2025 | 7/2/2030 | 15,000 | 8,357 | ||||||||||||||
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Health Care Technology |
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Continental Buyer, Inc. |
SOFR + 4.75 | % | 10/21/2025 | 4/2/2031 | 45,000 | 35,000 | ||||||||||||||
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Xifin, Inc |
SOFR + 5.00 | % | 8/5/2025 | 7/31/2031 | 20,000 | 16,923 | ||||||||||||||
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Hotels, Restaurants and Leisure |
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Cooper's Hawk Intermediate Holding, LLC |
SOFR + 5.50 | % | 7/29/2025 | 7/29/2031 | 25,000 | 19,211 | ||||||||||||||
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Insurance |
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Koala Investment Holdings, Inc. |
SOFR + 4.50 | % | 8/29/2025 | 8/29/2032 | 50,000 | 39,109 | ||||||||||||||
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IT Services |
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Olo Parent, Inc. |
SOFR + 4.50 | % | 9/12/2025 | 9/13/2032 | 47,917 | 43,750 | ||||||||||||||
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Personal Products |
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Vivos Holdings, LLC |
SOFR + 6.00 | % | 8/13/2025 | 8/13/2030 | 25,000 | 25,000 | ||||||||||||||
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Software |
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Flexera Software LLC |
SOFR + 4.75 | % | 8/15/2025 | 8/15/2032 | 37,822 | 35,127 | ||||||||||||||
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Flexera Software LLC2 |
EURIBOR + 4.75 | % | 8/15/2025 | 8/15/2032 | 12,416 | 12,416 | ||||||||||||||
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MRI Software LLC |
SOFR + 4.75 | % | 10/2/2025 | 2/10/2028 | 2,690 | 28 | ||||||||||||||
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NAVEX Global Holdings Corporation |
SOFR + 5.00 | % | 10/14/2025 | 10/14/2032 | 24,760 | 16,610 | ||||||||||||||
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Specialty Retail |
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Spotless Brands, LLC |
SOFR + 5.00 | % | 9/25/2025 | 7/25/2028 | 30,000 | - | ||||||||||||||
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Total debt investments |
$ | 502,461 | $ | 398,783 | ||||||||||||||||
| 1. |
On September 29, 2025, First Brands Group, LLC filed for bankruptcy. The Company is currently assessing the full impact of this bankruptcy on its investments. |
| 2. |
Par value of 10.6 million euros translated using the exchange rate of 1.1712 as of the acquisition date. |
The following table is a summary of certain characteristics of our investment portfolio as of October 24, 2025. Weightings are based on the funded par value of each respective investment as of that date. All portfolio company information is presented as of the initial origination date of each investment.
| As of October 24, 2025 | ||||
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Weighted average net leverage |
5.6x | |||
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Weighted average loan-to-value |
42.9 | % | ||
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Weighted average interest coverage |
1.9x | |||
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Financial sponsor backed |
94.1 | % | ||
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 of 1933, except as may be expressly set forth by specific reference in such a filing.