# EDGAR Filing Document

**Accession Number:** 0001920453
**File Stem:** 0000950170-25-094229
**Filing Date:** 2025-7
**Character Count:** 13537
**Document Hash:** 44a2005ffc7ce2206da8b423726a7f68
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-094229.hdr.sgml**: 20250707

**ACCESSION NUMBER**: 0000950170-25-094229

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20250702

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250707

**DATE AS OF CHANGE**: 20250707

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fidelity Private Credit Fund
- **CENTRAL INDEX KEY:** 0001920453

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01571
- **FILM NUMBER:** 251108196

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Fidelity Private Credit Trust
- **DATE OF NAME CHANGE:** 20220330

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549** 

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**FORM** 8-K

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**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported):** July 2, 2025

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Fidelity Private Credit Fund

**(Exact name of Registrant as Specified in Its Charter)** 

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| | | |
|:---|:---|:---|
| Delaware | 814-01571 | 88-6585799 |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission File Number)** | **(IRS Employer**<br>**Identification No.)** |
| 245 Summer Street<br>Boston**,** Massachusetts |  | 02210 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code: (**617**)** 563-7000

**Not Applicable** 

**(Former Name or Former Address, if Changed Since Last Report)** 

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange on which registered** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.01 Entry into a Material Definitive Agreement** 

On July 2, 2025, in connection with the Amended and Restated Senior Secured Revolving Credit Agreement, dated as of April 10, 2025 (as amended, supplemented and/or otherwise modified and in effect from time to time, the "JPM Revolving Credit Facility") by and among Fidelity Private Credit Fund (the "Fund"), as borrower, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, the Fund exercised its right pursuant to the terms of the JPM Revolving Credit Facility to request a commitment increase and U.S. Bank, National Association agreed to participate in an increase of its Multicurrency Commitments from $90 million to $100 million. As a result, the total Commitments under the JPM Revolving Credit Facility increased from $1,130 million to $1,140 million. Pursuant to the accordion feature in the JPM Revolving Credit Facility, the aggregate amount of all Commitments thereunder may be further increased up to $1,695 million. Capitalized terms used but not defined herein have the meanings ascribed thereto in the JPM Revolving Credit Facility.

The foregoing description is only a summary of the material provisions of the commitment increase agreement (the "Commitment Increase Agreement") and is qualified in its entirety by reference to a copy of the Commitment Increase Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant**

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

**Item 9.01 Financial Statements and Exhibits**

(d) Exhibits*.*

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| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| 10.1 | [<u>Commitment Increase Agreement, dated as of July 2, 2025, by and among</u> <u>Fidelity Private Credit Fund</u><u>, as borrower, the lenders party thereto, and</u> <u>JPMorgan Chase Bank, N.A.</u><u>, as administrative agent and as collateral agent.</u>](ck0001920453-ex10_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **Fidelity Private Credit Fund** | **Fidelity Private Credit Fund** |
| Date: July 7, 2025 | By: | /s/ Heather Bonner |
|  |  | Name: Heather Bonner |
|  |  | Title: President and Treasurer |

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## Exhibit 10.1

**Exhibit 10.1**

COMMITMENT INCREASE AGREEMENT

July 2, 2025

JPMorgan Chase Bank, N.A., as Administrative Agent

500 Stanton Christiana Road

NCC 5, Floor 1

Newark, DE 19713-2107

Attention: Thomas Trullinger

Attention: Christopher Draper

Ladies and Gentlemen:

We refer to the Amended and Restated Senior Secured Revolving Credit Agreement dated as of April 10, 2025 (as amended, modified or supplemented from time to time, the "<u>Credit Agreement</u>"; the terms defined therein being used herein as therein defined) among Fidelity Private Credit Fund (the "<u>Borrower</u>"), the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent for said Lenders. You have advised us that the Borrower has requested in a letter dated July 2, 2025 (the "<u>Increase Request</u>") from the Borrower to the Administrative Agent that the aggregate amount of the Commitments be increased on the terms and subject to the conditions set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. <u>Commitment Increase</u>. Pursuant to Section 2.08(e) of the Credit Agreement, U.S. Bank National Association (the "<u>Increasing Lender</u>"), hereby agrees to make additional Commitments in the amount set forth opposite the name of the Increasing Lender in <u>Schedule I</u> hereto pursuant to the instruction of the Administrative Agent, such additional Commitments to be effective as of the Increase Date (as defined in the Increase Request); <u>provided</u> that the Administrative Agent shall have received a duly executed officer's certificate from the Borrower, dated the Increase Date, in substantially the form of <u>Exhibit I</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. <u>Confirmation of Increasing Lender</u>. The Increasing Lender agrees that, from and after the Increase Date, its additional Commitment, set forth in <u>Schedule I</u> hereto, shall be included in its Commitment and be governed for all purposes by the Credit Agreement and the other Loan Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. <u>Acknowledgement by Administrative Agent</u>. Notwithstanding anything to the contrary in Section 2.08(e)(i)(A) of the Credit Agreement, the Administrative Agent hereby acknowledges that the Commitment Increase is in an aggregate principal amount of $10,000,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. <u>Counterparts</u>. This Commitment Increase Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. The words "execution," "signed," "signature," and words of like import in or related to any document to be signed in connection with this Commitment Increase Agreement and the transactions contemplated hereby shall be deemed to include electronic signatures (including, for the avoidance of doubt, electronic signatures utilizing the DocuSign platform) or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system,

#4925-0729-4797v5

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as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. <u>Governing Law</u>. This Commitment Increase Agreement shall be construed in accordance with and governed by the law of the State of New York. Sections 9.09 and 9.10 of the Credit Agreement are incorporated herein by reference *mutatis mutandis*.

Commitment Increase Agreement

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Very truly yours,

<u>INCREASING LENDER</u>

**U.S. Bank National Association**

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| | |
|:---|:---|
| &nbsp;&nbsp;By:  | &nbsp;&nbsp;/s/ Kevin Shenoy |
| &nbsp;&nbsp;Name:  | &nbsp;&nbsp;Kevin Shenoy |
| &nbsp;&nbsp;Title:  | &nbsp;&nbsp;Senior Vice President |

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Accepted and agreed:

**FIDELITY PRIVATE CREDIT FUND**

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| | |
|:---|:---|
| &nbsp;&nbsp;By:  | &nbsp;&nbsp;/s/ Hadi Husain |
| &nbsp;&nbsp;Name:  | &nbsp;&nbsp;Hadi Husain |
| &nbsp;&nbsp;Title:  | &nbsp;&nbsp;Vice President |

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Acknowledged and consented to:

**JPMORGAN CHASE BANK, N.A.,**

as Administrative Agent

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| | |
|:---|:---|
| &nbsp;&nbsp;By:  | &nbsp;&nbsp;/s/ Kevin Faber |
| &nbsp;&nbsp;Name:  | &nbsp;&nbsp;Kevin Faber |
| &nbsp;&nbsp;Title:  | &nbsp;&nbsp;Executive Director |

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SCHEDULE I

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| | |
|:---|:---|
| &nbsp;&nbsp;**Increasing Lender** | &nbsp;&nbsp;**Commitment Increase** |
| &nbsp;&nbsp;U.S. Bank National Association | &nbsp;&nbsp;$10,000,000 (Multicurrency) |

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EXHIBIT I

OFFICER'S CERTIFICATE

July 2, 2025

JPMorgan Chase Bank, N.A., as Administrative Agent

500 Stanton Christiana Road

NCC 5, Floor 1

Attention: Thomas Trullinger

Attention: Christopher Draper

Ladies and Gentlemen:

On behalf of Fidelity Private Credit Fund (the "<u>Borrower</u>"), I, Hadi Husain as Vice President of the Borrower, refer to the Amended and Restated Senior Secured Revolving Credit Agreement dated as of April 10, 2025 (as amended, modified or supplemented from time to time, the "<u>Credit Agreement</u>; the terms defined therein being used herein as therein defined) among the Borrower, the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent for said Lenders. I also refer to the letter dated July 2, 2025 (the "<u>Increase Request</u>") from the Borrower to the Administrative Agent, requesting that the aggregate amount of the Commitments be increased as set forth therein on the Increase Date (as defined in the Increase Request).

With respect to the Increase Request, I hereby certify in my capacity as an authorized officer of the Borrower and not in any individual capacity that each of the conditions to the related Commitment Increase (as defined in each applicable Increase Request) set forth in Sections 2.08(e)(i)(B), (D) and (E) of the Credit Agreement have been satisfied as of the date hereof.

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Very truly yours,

**FIDELITY PRIVATE CREDIT FUND**

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| | |
|:---|:---|
| &nbsp;&nbsp;By:  | &nbsp;&nbsp;/s/ Hadi Husain |
| &nbsp;&nbsp;Name:  | &nbsp;&nbsp;Hadi Husain |
| &nbsp;&nbsp;Title:  | &nbsp;&nbsp;Vice President |

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