UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 5, 2021
AB PRIVATE CREDIT INVESTORS CORPORATION
(Exact name of registrant as specified in its charter)
Maryland | 814-01196 | 81-2491356 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
1345 Avenue of the Americas
New York, NY 10105
(Address of principal executive offices and zip code)
Registrants telephone number, including area code: (212) 969-1000
Check the appropriate box below if the Form 8-K 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:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
| | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. ☐
Item 3.03. | Material Modification to Rights of Security Holders. |
On November 11, 2021, the Board of Directors (the Board) of AB Private Credit Investors Corporation (the Fund) approved an amendment and restatement of the Funds Amended and Restated Dividend Reinvestment Plan (as amended and restated, the Second Amended and Restated DRIP). The Second Amended and Restated DRIP will be effective as of, and will first apply to the reinvestment of cash dividend distributions paid on or after, November 11, 2021. The Second Amended and Restated DRIP provides that, (i) in order to change their election of having cash dividend distributions reinvested or paid in cash, stockholders shall notify the Fund in writing no later than September 30 of the year prior to which the new election takes effect and (ii) the determination of the number of shares of common stock of the Fund to be issued to participating stockholders may result in the issuance of fractional shares, rather than payment of cash in lieu of such fractional shares.
The information set forth above with respect to the Second Amended and Restated DRIP does not purport to be complete in scope and is qualified in its entirety by the full text of the Second Amended and Restated DRIP, which is filed as Exhibit 4.1 hereto and is incorporated into this Current Report on Form 8-K by reference thereto.
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 11, 2021, the Fund and Mark Manley mutually agreed that Mr. Manley would resign from the position of Chief Compliance Officer of the Fund, effective November 11, 2021. Mr. Manleys resignation did not result from any disagreements with the Fund regarding its operations, policies, practices or any issues regarding financial disclosures, accounting or legal matters. Mr. Manleys resignation from the position of Chief Compliance Officer of the Fund does not have any impact on his employment or any other positions generally with AllianceBernstein L.P., or its affiliates.
Item 8.01 Other Events.
On November 5, 2021, ABPCIC Funding III LLC, a wholly-owned subsidiary of the Fund, entered into the second amendment (the Second Amendment) to that certain credit agreement (as amended, the Warehouse Credit Agreement) establishing its warehouse credit facility among the lenders referred to therein, Natixis, New York Branch, as administrative agent, and U.S. Bank National Association, as collateral agent, collateral administrator and custodian. The Second Amendment provides for, among other things, an upsize of the aggregate principal amount of the commitments under the Warehouse Credit Agreement from $150,000,000 to $225,000,000.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit |
Description | |
Exhibit 4.1 | Second Amended and Restated Dividend Reinvestment Plan, effective as of November 11, 2021 |
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.
Date: November 12, 2021 | AB PRIVATE CREDIT INVESTORS CORPORATION | |||||
By: | /s/ Neal Kalechofsky | |||||
Neal Kalechofsky | ||||||
Secretary |