Tender Offer - BlackRock Private Credit Fund
Form Type: SC TO-I/A
Filing Date: 2025-05-06
Corporate Action: Tender-offer
Type: Update
Accession Number: 000113322825005332
Filing Summary: BlackRock Private Credit Fund is filing this Amendment to its Tender Offer Statement on Schedule TO originally filed on January 31, 2025. The Amendment corrects certain information from the Original Final Amendment filed on April 24, 2025. The offer was made to purchase up to 1,313,484 of its outstanding shares of beneficial interest at a price reflecting the net asset value per Share as of March 31, 2025, which was $24.42. The offer expired on February 28, 2025, with 139,189.27 Shares being validly tendered and accepted for purchase. Payment to shareholders was made via non-interest bearing, non-transferable promissory notes, totaling $3,398,946.20 after deductions.
Additional details:
Date Tender Offer First Published: 2025-01-31
Shares Validly Tendered: 139,189.27
Net Asset Value Per Share: 24.42
Total Payment To Shareholders: 3398946.20
Offer Expiration Date: 2025-02-28
Form Type: SC TO-I
Filing Date: 2025-04-30
Corporate Action: Tender-offer
Type: New
Accession Number: 000113322825004823
Filing Summary: On April 30, 2025, BlackRock Private Credit Fund issued a Tender Offer Statement to purchase up to 1,569,926 shares of its own Class S, Class D, and Institutional Shares of beneficial interest. The purchase is scheduled to occur by 11:59 p.m., Eastern Time on May 28, 2025. The purchase price will be determined based on the net asset value as of June 30, 2025, or a later determined date, if applicable. Shareholders who tender their shares by the deadline will receive an Acceptance Letter along with a non-interest bearing, non-transferable promissory note that entitles them to the repurchase amount determined as of the Valuation Date. The document references certain procedures for the tender offer and conditions which could affect its execution and outlines that the Fund is organized as a Delaware statutory trust. The Offer to Purchase and related correspondence are incorporated by reference into the statement, and it was also disclosed that none of the officers, trustees, or affiliates intends to tender any of their shares. The offer's structure including withdrawal rights and conditions are detailed, and it was indicated that share transactions have occurred in the last sixty days, leading to significant issuance and repurchase actions.
Additional details:
Title Of Class: Class S, Class D and Institutional Shares of Beneficial Interest
Cusip Numbers: 09261Y308, 09261Y100 and 09261Y209
Total Shares Outstanding: 31,398,524
Tender Offer Expiration Date: 2025-05-28
Repurchase Instrument: non-interest bearing, non-transferable promissory note
Valuation Date: 2025-06-30
Form Type: SC TO-I/A
Filing Date: 2025-04-24
Corporate Action: Tender-offer
Type: Update
Accession Number: 000113322825004305
Filing Summary: This Final Amendment relates to the Issuer Tender Offer Statement on Schedule TO originally filed by BlackRock Private Credit Fund on January 31, 2025. The Offer allows the Fund to purchase up to 1,313,484 of its outstanding shares of beneficial interest at a price equal to the net asset value per Share as of March 31, 2025, which was calculated at $24.42 per Share. The Offer expired on February 28, 2025, with 100,693.86 Shares validly tendered and accepted for purchase by the Fund. Payment to the tendering shareholders will be made by way of non-interest bearing, non-transferable promissory notes, totaling $2,458,903.78, to be distributed on or about April 30, 2025. This amendment serves to report the results of the Offer and state that the previous information remains unchanged.
Additional details:
Date Tender Offer First Published: 2025-01-31
Offer Expiration Date: 2025-02-28
Shares Validly Tendered: 100,693.86
Purchase Price Per Share: 24.42
Total Payment To Shareholders: 2458903.78
Form Type: SC TO-I
Filing Date: 2025-01-31
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525018424
Filing Summary: On January 31, 2025, BlackRock Private Credit Fund filed a Tender Offer Statement (Form SC TO-I) with the SEC pertaining to its issuer tender offer for up to 1,313,484 shares of its Class S, Class D, and Institutional Shares of beneficial interest. The shares will be purchased at their net asset value as determined on March 31, 2025, or a later date if the offer is extended. The tender offer is scheduled to expire on February 28, 2025, unless extended. The document includes details on the process for tendering shares, the issuance of Acceptance Letters to shareholders, and the nature of the promissory notes issued to tendering shareholders for accepted shares. The Offer aims to provide liquidity to shareholders by enabling them to sell their stake back to the Fund.
Additional details:
Title Of Class Of Securities: Class S, Class D and Institutional Shares of Beneficial Interest
Cusip Numbers: BRY4333P7, BRY42WTV3 and BRY13VCK2
Number Of Shares Outstanding: 26,269,689
Date Tender Offer Expires: 2025-02-28
Purchase Price Tendered Shares: net asset value as of March 31, 2025
Total Shares Tendered Previous Offer: 56,295
Purchase Price Previous Offer: $24.79 per share
Total Proceeds Previous Offer: $1,393,660.96
Form Type: SC TO-I/A
Filing Date: 2025-01-28
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525014439
Filing Summary: This document is a Final Amendment to the Issuer Tender Offer Statement on Schedule TO filed by BlackRock Private Credit Fund, which details the results of its offer to purchase up to 1,068,302 of its outstanding shares of beneficial interest. The offer was initially published on October 31, 2024, and expired on November 29, 2024, at 11:59 p.m. Eastern Time. A total of 56,295 shares were validly tendered and accepted by the Fund. Payment to shareholders for the accepted shares was made in the form of non-interest bearing, non-transferable promissory notes, with the net asset value calculated as $24.79 per share. The total payment to shareholders amounted to $1,393,660.96, payable around January 30, 2025.
Additional details:
Amount Of Shares Tendered: 56295
Total Payment To Shareholders: 1393660.96
Net Asset Value Per Share: 24.79
Valution Date: 2024-12-31
Form Type: SC TO-I/A
Filing Date: 2024-10-28
Corporate Action: Tender-offer
Type: Update
Accession Number: 000113322824009695
Filing Summary: BlackRock Private Credit Fund conducted an issuer tender offer subject to Rule 13e-4 to purchase up to 706,059 of its outstanding shares. The final amendment reports the results of the tender offer, confirming oversight of 112,300 shares validly tendered and accepted for purchase at a net asset value of $24.77 per share, totaling payments of $2,781,861.91. The offer commenced on July 31, 2024, and expired on August 30, 2024. Payment was executed via non-interest bearing promissory notes on or about October 31, 2024. This document reflects the final phase of the tender process.
Additional details:
Acquirer Cik: 1902649
Target Cik: 1902649
: 0
Price: 24.77
Form Type: SC TO-I/A
Filing Date: 2024-06-26
Corporate Action: Tender-offer
Type: New
Accession Number: 000113322824006168
Filing Summary: Final amendment related to an issuer tender offer by BlackRock Private Credit Fund to purchase its outstanding shares at net asset value as of June 30, 2024. The tender offer expired on May 31, 2024, and no shares were purchased since none were validly tendered. This filing reports the results of the tender offer and confirms that no shares were bought.
Additional details:
Acquirer Cik: 1902649
Target Cik: 1902649
: stock
Percentage: 100
Finished: 1
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