Tender Offer - Fidelity Private Credit Fund
Form Type: SC TO-I
Filing Date: 2025-01-31
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525017938
Filing Summary: Fidelity Private Credit Fund is initiating a tender offer for its own shares, specifically Class I, Class D, and Class S common shares of beneficial interest. The total number of shares outstanding as of December 31, 2024, is 30,097,549, and the fund intends to purchase up to 5% of these shares, equating to 1,504,877 shares, from its shareholders until February 28, 2025. The purchase price is based on the net asset value as of March 31, 2025, subject to conditions stipulated in the Offer to Purchase. The offer first published on January 31, 2025, and the internal mechanisms for tendering and acceptance, including cash payments equivalent to the value of accepted shares, have been outlined. The Fund's advisor is Fidelity Diversifying Solutions LLC, and key executives and board members involved in the offering are listed. The Fund's shares are not traded on any exchange, and the document emphasizes that its terms and conditions apply uniformly to all shareholders, ensuring no preferential treatment to insiders.
Document Link: View Document
Additional details:
Title Of Class Of Securities: Class I, Class D, and Class S Shares of Beneficial Interest
Cusip Numbers: 31634E306, 31634E207, and 31634E108
Offer Amount: 1,504,877 Shares
Expiration Date: 2025-02-28
Net Asset Value Date: 2025-03-31
Total Shares Outstanding: 30,097,549 Shares
Form Type: SC TO-I/A
Filing Date: 2025-01-31
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525017911
Filing Summary: Fidelity Private Credit Fund (the 'Fund') filed a Final Amendment to the Issuer Tender Offer Statement on Schedule TO to report the results of an offer to purchase up to 1,311,157 of its outstanding shares of beneficial interest. The Offer expired on November 29, 2024, and a total of 217,354 Shares were validly tendered and accepted for purchase at a price of $25.75 per Share, calculated as of the Valuation Date of December 31, 2024. The total payment of $5,590,585, which is 99.9% of the net asset value of the total amount of the Shares tendered, was made in cash to Shareholders on or about January 30, 2025. The document certifies the accuracy of the information provided and confirms that there are no changes to the previously reported information in the Statement or the Transmittal Letter.
Document Link: View Document
Additional details:
Title Of Class Of Securities: Class I, Class D, and Class S Shares of Beneficial Interest
Cusip Number Of Class Of Securities: 31634E306, 31634E207, and 31634E108
Tender Offer First Published Date: 2024-10-31
Expiration Date Of Offer: 2024-11-29
Shares Validly Tendered: 217,354
Net Asset Value Of Shares Tendered: 25.75
Total Payment To Tendering Shareholders: 5,590,585
Payment Date To Shareholders: 2025-01-30
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