11/27/2024 | Press release | Distributed by Public on 11/27/2024 13:06
Item 3.02 | Unregistered Sales of Equity Securities. |
On October 31, 2024, Lord Abbett Private Credit Fund (the "Company"), issued and sold approximately 1,119,255 of the Company's common shares of beneficial interest (the "Common Shares") for an aggregate offering price of $28,250,000 (with the final number of Common Shares issued being determined on November 22, 2024).
The offer and sale of Common Shares was made pursuant to subscription agreements entered into by the Company and its shareholders. The issuance of the Common Shares is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated 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.