First Eagle Private Credit Fund Form 8-K — Oct 5, 2026
On October 1, 2026, First Eagle Private Credit Fund's financing subsidiary entered a Fourth Amendment to its loan and servicing agreement, cutting the applicable margin on outstanding advances from 2.55% to 2.25% per annum during the revolving period and from 3.05% to 2.75% during amortization. The amendment also extends the commitment termination date to October 1, 2027 and the stated maturity to October 1, 2029, lowers the unused fee to 0.50%, and reduces the advance rate on recurring revenue loans from 60.0% to 50.0%. Western Alliance Bank was joined as a new lender.
Key figures
- Stated maturity
- October 1, 2029
- Unused fee rate
- reduced from 0.60% to 0.50% per annum
- Prepayment premium
- 1.0% for termination/reduction of commitments prior to April 1, 2027
- Applicable margin revolving
- reduced from 2.55% to 2.25% per annum
- Commitment termination date
- October 1, 2027
- Applicable margin amortization
- reduced from 3.05% to 2.75% per annum
- Recurring revenue loan advance rate
- reduced from 60.0% to 50.0%
AI analysis
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