PGIM Private Credit Fund [PGIM] - self-tender offer
PGIM Private Credit Fund is initiating a self-tender offer for its Class I, Class D, and Class S Shares of Beneficial Interest, with no specific tender price disclosed in the filing excerpt.
Why this matters
PGIM Private Credit Fund, formerly known as PGIM Senior Loan Opportunities Fund, is a Delaware-incorporated investment fund specializing in private credit opportunities. The fund has announced a self-tender offer for its Class I, Class D, and Class S Shares of Beneficial Interest. This action allows shareholders to tender their shares back to the fund, although the specific tender price has not been disclosed in the filing. Depending on the amount of shares tendered and market conditions, the fund may borrow money to finance the purchase, with repayment expected from contributions by existing or new shareholders.