Tender Offer - North Haven Private Income Fund LLC
Form Type: SC TO-I
Filing Date: 2025-05-08
Corporate Action: Tender-offer
Type: New
Accession Number: 000185132225000040
Filing Summary: North Haven Private Income Fund LLC is conducting a tender offer to purchase up to 9,057,442 Class S Units from its Unitholders, representing approximately 5% of the outstanding Units as of March 31, 2025. The tender offer will expire at 12:01 a.m. Eastern Time on June 7, 2025, unless extended. The purchase price for each Unit will be its net asset value determined on a valuation date of June 30, 2025, or later if extended. The Official Offer to Purchase details the terms and conditions for participating in the tender offer, and indicates that the offer is issuer-backed, as the company is tendering for its own securities. The company is a non-diversified, externally managed specialty finance company operating as a business development company under the Investment Company Act of 1940. The filing provides necessary information for Unitholders regarding the submission of tenders and the process for receiving payments post-acceptance. No officers, directors, or affiliates are expected to tender Units in the Offer, and the Board will determine the specific purchases at its discretion, based on ongoing evaluation of market conditions and other factors.
Additional details:
Title Of Class Of Securities: Class S Units
Cusp Number: N/A
Offer Amount: 9,057,442 Units
Percentage Of Units Outstanding: 5.0%
Tender Offer Expiration: 2025-06-07
Net Asset Value Date: 2025-06-30
Form Type: SC TO-I
Filing Date: 2025-02-05
Corporate Action: Tender-offer
Type: New
Accession Number: 000185132225000013
Filing Summary: North Haven Private Income Fund LLC is conducting a tender offer through the filing of this Schedule TO-I. The company, a non-diversified, externally managed specialty finance company regulated as a business development company, intends to repurchase up to 8,625,523 Class S Units from its unitholders, which represents approximately 5.0% of the units outstanding as of December 31, 2024. The tender offer is set to expire on March 7, 2025, at 12:01 a.m. Eastern Time. The purchase price for the units will be based on their net asset value as of March 31, 2025. The company aims to provide liquidity to its unitholders through this repurchase offer. Correspondence regarding the offer can be directed to MS Capital Partners Adviser Inc., the investment adviser for the company. The filing includes several reference sections detailing the offer terms, procedures for tenders, and additional information relevant to potential unitholders.
Additional details:
Title Of Class Of Securities: Class S Units
Cusip Number: N/A
Principal Executive Office: 1585 Broadway, New York, NY 10036
Investment Adviser: MS Capital Partners Adviser Inc.
Offer Amount: 8,625,523
Percentage Of Units Outstanding: 5.0%
Form Type: SC TO-I/A
Filing Date: 2025-01-30
Corporate Action: Tender-offer
Type: Update
Accession Number: 000185132225000008
Filing Summary: This document is the first amendment to the Issuer Tender Offer Statement on Schedule TO initially filed on November 6, 2024, by North Haven Private Income Fund LLC. The company offered to purchase up to 8,265,924 of its outstanding Class S Units at a price reflecting the net asset value per Unit as of December 31, 2024. The tender offer expired on December 7, 2024, with approximately 2,942,591 Units validly tendered and not withdrawn. On January 30, 2025, the company paid a total of approximately $55,791,523 to the tendering unitholders, which equates to a repurchase price of $18.96 per Unit based on the net asset value at the end of December 2024.
Additional details:
Issuer Tender Offer Subject: Class S Units
Tender Offer Expiration Date: 2024-12-07
Units Tendered: 2,942,591
Total Payment To Unitholders: $55,791,523
Price Per Unit: $18.96
Filing Persons Name: North Haven Private Income Fund LLC
Contact Person Name: Jeffrey S. Levin
Contact Person Phone: (212) 761-3580
Company Representative Name: David Pessah
Company Representative Title: Chief Financial Officer
Amendment Type: Final Amendment
Form Type: SC TO-I/A
Filing Date: 2024-11-01
Corporate Action: Tender-offer
Type: Update
Accession Number: 000185132224000132
Filing Summary: North Haven Private Income Fund LLC announced a final amendment to their issuer tender offer statement for the purchase of up to 7,883,037 Class S Units at a price equal to the net asset value per unit as of September 30, 2024. The offer expired on September 7, 2024, and approximately 1,980,872 units were tendered. The company paid $37,636,559 to the tendering unitholders, based on a repurchase price of $19.00 per unit. The document serves as a final amendment reporting the results of the tender offer, originally filed on August 8, 2024.
Additional details:
Acquirer Cik: 1851322
Target Cik: 1851322
: 0
Price: 19
Form Type: SC TO-I/A
Filing Date: 2024-01-31
Corporate Action: Tender-offer
Type: New
Accession Number: 000185132224000004
Filing Summary: North Haven Private Income Fund LLC announced the final amendment to its issuer tender offer statement connected to its offer to purchase up to 4,973,247 Class S Units. The Units were to be acquired at their net asset value per Unit as of December 31, 2023. The offer expired on December 5, 2023, with a total repurchase of approximately 1,444,053 Units for roughly $27,595,845.03. This announcement is the final amendment reporting the results of the tender offer.
Additional details:
Acquirer Cik: 1851322
Target Cik: 1851322
: stock
Price: 19.11
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