UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
(Exact Name of Registrant as Specified in Its Charter)
(Commission File Number)
| (State or Other Jurisdiction of Incorporation) |
(I.R.S. Employer Identification No.) |
(Address of principal executive offices) (Zip code)
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
| None | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 7.01. | Regulation FD Disclosure |
Recent Developments
On March 25, 2026, the Company sold approximately $231.8 million in loans at fair value to AGL Enhanced PC Income I LLC, a newly-formed unconsolidated entity. The Company used net proceeds from the sale to pay down indebtedness of the Company.
Subsequent to December 31, 2025, we committed to the following additional investment transactions, representing aggregate commitments of approximately $152.0 million. The $77.0 million in debt investments carry a weighted average spread of 4.7% and a weighted average loan-to-value ratio of 43.4%, based upon portfolio company financial statements.
| Investments |
Reference Rate and Spread |
Acquisition Date |
Maturity Date |
Commitment ($) | Initial Funded Amount ($) |
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| Non-controlled/Non-affiliated |
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| Debt Investments |
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| Insurance |
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| Galway Borrower LLC |
SOFR + 4.50 | % | 2/23/2026 | 9/29/2028 | 1,241 | — | ||||||||||||||
| Trading Companies & Distributors |
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| Radwell Parent, LLC |
SOFR + 4.75 | % | 3/2/2026 | 4/1/2030 | 50,000 | — | ||||||||||||||
| Software |
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| Apple BidCo Holdings, Inc. |
SOFR + 4.50 | % | 1/22/2026 | 1/22/2033 | 25,750 | 18,040 | ||||||||||||||
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| Total Non-controlled/Non-affiliated Debt Investments |
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76,991 | 18,040 | |||||||||||||||||
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| Non-controlled/affiliated |
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| Equity Investments |
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| Investment Fund |
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| AGL Enhanced PC Income I LLC |
N/A | 3/9/2026 | N/A | 75,000 | 21,275 | |||||||||||||||
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| Total Investments |
$ | 151,991 | $ | 39,315 | ||||||||||||||||
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The following table sets forth certain characteristics of our investment portfolio as of March 26, 2026. Weightings in this table are based on the funded par value of each respective investment as of March 26, 2026. All portfolio company information is presented as of the origination date of each investment.
| As of March 26, 2026 | ||||
| Weighted average net leverage |
5.6 | x | ||
| Weighted average loan-to-value |
41.9 | % | ||
| Weighted average interest coverage |
2.0 | x | ||
| Financial sponsor backed |
93.1 | % | ||
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, as amended, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such a filing.
| Item 8.01. | Other Events. |
On March 30, 2026, the Board of Trustees of AGL Private Credit Income Fund (the “Company”) declared a distribution on the Company’s common shares of beneficial interest, par value $0.001 per share (the “Common Shares”), from taxable earnings, which may include a return of capital and/or capital gains, in an amount equal to $0.60 per share, payable on April 30, 2026 to shareholders of record as of March 30, 2026 (the “Distribution”).
The Distribution will be paid in cash or reinvested in additional Common Shares for shareholders participating in the Company’s dividend reinvestment plan.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: March 30, 2025
| AGL PRIVATE CREDIT INCOME FUND | ||
| By: | /s/ Taylor Boswell | |
| Taylor Boswell | ||
| Chief Executive Officer | ||