UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
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Item 1.01-- Entry into a Material Definitive Agreement.
On September 15, 2025, AB Private Lending Fund (the “Company”) entered into the First Amendment to that certain Amended and Restated Senior Secured Credit Agreement (the “First Amendment”), which amends that certain Senior Secured Credit Agreement, dated as of May 2, 2024 (as amended, the “Credit Agreement”). The parties to the First Amendment include the Company, as Borrower, the lenders party thereto and The Bank of Nova Scotia, as Administrative Agent, and, solely with respect to Section 5.11 therein, as Collateral Agent. The First Amendment, among other things, (i) extends the revolver availability period from May 2, 2028 to September 14, 2029, (ii) extends the scheduled maturity date from May 2, 2029 to September 13, 2030, (iii) increases the total facility amount from $100,000,000 to $125,000,000, (iv) reduces the unused fee from 0.375% to 0.325% on all unused commitments, (v) reduces the applicable margin to (a) if the Gross Borrowing Base (as defined in the Credit Agreement) is equal to or greater than 1.60 times the Combined Debt Amount (as defined in the Credit Agreement), (x) with respect to any ABR Loan (as defined in the Credit Agreement), 0.825% per annum, (y) with respect to any Term Benchmark Loan (as defined in the Credit Agreement), 1.825% per annum, and (z) with respect to any RFR Loan (as defined in the Credit Agreement), 1.825% per annum, and (b) if the Gross Borrowing Base is less than 1.60 times the Combined Debt Amount, (x) with respect to any ABR Loan, 0.950% per annum, (y) with respect to any Term Benchmark Loan, 1.950% per annum, and (z) with respect to any RFR Loan, 1.950% per annum and (vi) resets the minimum shareholders’ equity test.
The information set forth above with respect to the Amendment does not purport to be complete in scope and is qualified in its entirety by the full text of the Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03 -- Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
| Exhibit |
Description | |
| 10.1* | First Amendment to Credit Agreement, dated as of September 15, 2025, among AB Private Lending Fund, as borrower, the Bank of Nova Scotia, as administrative agent and, solely with respect to Section 5.11, as collateral agent and the lenders signatory thereto. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) | |
| * | Exhibits and/or schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted exhibits and/or schedules to the SEC upon its request. |
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.
| Date: September 19, 2025 | AB PRIVATE LENDING FUND | |||||
| By: | /s/ Leon Hirth | |||||
| Leon Hirth | ||||||
| Secretary | ||||||