Tender Offer - First Trust Enhanced Private Credit Fund

Form Type: SC TO-I

Filing Date: 2025-05-16

Corporate Action: Tender-offer

Type: New

Accession Number: 000110465925050099

Filing Summary: First Trust Enhanced Private Credit Fund has announced a tender offer to purchase Shares of beneficial interest in the Fund, with a total of approximately 3.5% of the Fund’s outstanding Shares targeted for repurchase. The fund is offering up to $2,200,000 or 90,497 shares based on the net asset value calculated as of June 30, 2025. Shareholders must submit their tenders by 11:59 p.m. Eastern Time on June 16, 2025, though this date may be extended at the discretion of the Board of Trustees. The offer is not contingent on a minimum number of Shares being tendered and will be funded through available cash, portfolio sales, or borrowings. Shareholders can tender all or part of their Shares, with the repurchase taking place on a pro rata basis if demand exceeds the 3.5% limit. Payment will be made in cash through a promissory note that entitles tendering shareholders to an initial payment of 95% of the estimated value of their accepted Shares, followed by an adjustment payment after the next audit of the Fund's financials. The primary aim of this offer is to provide liquidity for Shareholders, and there are no significant changes anticipated for the Fund's structure or management as part of this process.