UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
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Item 1.01 – Entry into a Material Definitive Agreement.
On December 12, 2023, AB Commercial Real Estate Private Debt Fund, LLC (the “Fund”) entered into an amendment (the “Amendment”) to the revolving credit agreement (as amended, the “Agreement”) establishing its revolving credit facility (the “Credit Facility”), by and among the Fund, as the Initial Borrower, State Street Bank and Trust Company, as the Administrative Bank and as a Lender, and each other Lender from time to time a party thereto (each, a “Lender” and collectively, the “Lenders”). Any capitalized terms used herein and not defined herein shall have the meanings ascribed to them in the Agreement.
The Amendment, among other changes, (i) extended the maturity date of the Credit Facility from December 12, 2023 to December 10, 2024 and (ii) increased the Borrowing Base from 60 percent of the aggregate Unfunded Capital Commitments to 70 percent of the aggregate Unfunded Capital Commitments.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment attached hereto as Exhibit 10.1.
Item 2.03 – Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Item 9.01 – Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 10.1 | Second Amendment to Revolving Credit Agreement, dated as of December 12, 2023, by and among the Fund, as Borrower, and State Street Bank and Trust Company, as the administrative bank and as a Lender.* | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
| * | Schedules and/or exhibits to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted schedules to the SEC upon its request. |
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: December 15, 2023 | AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC | |||||
| By: | /s/ Neal Kalechofsky | |||||
| Neal Kalechofsky | ||||||
| Secretary | ||||||