Tender Offer - First Eagle Private Credit Fund
Form Type: SC TO-I
Filing Date: 2025-05-02
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525111273
Filing Summary: On May 2, 2025, First Eagle Private Credit Fund initiated a tender offer to purchase up to 622,236 shares of beneficial interest at their net asset value as of June 30, 2025, or a later determined date. This represents approximately 5% of the Fund's outstanding shares as of March 31, 2025, with a total of 12,444,713 shares. The offer is open until May 30, 2025, unless extended. The offer is issued by the Fund itself, managed by First Eagle Investment Management, LLC, with additional advisory support from First Eagle Alternative Credit, LLC. Shareholders can expect to receive a non-interest-bearing, non-transferable promissory note for their accepted shares, which will be held by the Fund's transfer agent, SS&C GIDS, Inc. The filing notes that the Fund has the discretion to conduct purchases and states that no officers or trustees intend to tender shares in the offer. Further details, including procedures and conditions of the offer, are specified in the attached Offer to Purchase documents.
Additional details:
Title Of Class Of Securities: Shares of Beneficial Interest
Cusip Number: 32008T101
Offer Amount: 622236
Percentage Of Outstanding Shares: 5
Expected Expiration Date: 2025-05-30
Net Asset Value Date: 2025-06-30
Form Type: SC TO-I/A
Filing Date: 2025-04-04
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525073469
Filing Summary: This document is a Final Amendment to the Issuer Tender Offer Statement on Schedule TO, originally filed on January 31, 2025, by First Eagle Private Credit Fund. The Fund sought to purchase up to 620,368 of its outstanding shares of beneficial interest at a price equal to the net asset value per share as of March 31, 2025. The tender offer expired at 11:59 p.m. on February 28, 2025, and no shares were validly tendered and not withdrawn prior to the expiration. The amendment reports these results and confirms that no changes have been made to the previously reported information, except for this final report of the offer’s outcome.
Additional details:
Date Tender Offer First Published: 2025-01-31
Offer Expiration Date: 2025-02-28
Number Of Shares Offered: 620368
Price Per Share: net asset value as of March 31, 2025
Counsel Name: Christopher P. Healey
Counsel Firm: Davis Polk & Wardwell LLP
Filing Person Name: Sabrina Rusnak-Carlson
Filing Person Name: David P. O'Connor
Address Of Filing Person: 500 Boylston Street Suite 1250 Boston, MA 02116
Address Of Filing Person: 1345 Avenue of the Americas New York, NY 10105
Company Name: First Eagle Private Credit Fund
Form Type: SC TO-I
Filing Date: 2025-01-31
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525018461
Filing Summary: First Eagle Private Credit Fund has filed a Tender Offer Statement to purchase up to 620,368 shares of its outstanding common shares of beneficial interest, representing approximately 5% of the total shares outstanding as of December 31, 2024. The offer will expire at 11:59 p.m., Eastern Time, on February 28, 2025, unless extended. The purchase price for the tendered shares will be determined based on the net asset value as of March 31, 2025, or another later date if the offer is extended. Offer communications are being directed towards shareholders and the fund emphasizes that shares are not traded in any market. The Fund appointed First Eagle Investment Management, LLC to oversee its activities. The filing reaffirms that no officers or trustees of the Fund intend to tender their shares during this offer, and it highlights the procedures for share tenders, withdrawal rights, and the potential borrowing of funds to finance share purchases if necessary.
Additional details:
Issuer Name: First Eagle Private Credit Fund
Cusip Number: 32008T101
Total Shares Outstanding: 12407361
Tender Offer Amount: 620368
Percentage Of Total Shares: 5%
Purchase Price Date: March 31, 2025
Offer Expiration Date: February 28, 2025
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