UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): February 27, 2024

LGAM Private Credit LLC

(Exact name of Registrant as Specified in Its Charter)

1 (212) 761-4000

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if changed since last report)

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:

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

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

Emerging growth company x

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. x

Item 8.01. Other Events.

Warehouse Transaction

As disclosed in its registration statement on Form 10, LGAM Private Credit LLC (the “Company”) entered into and subsequently amended a facility agreement on March 8, 2023, July 6, 2023, and October 6, 2023 with an unaffiliated third party to acquire its initial portfolio investments by purchasing certain investments owned and held by such third party concurrently with the initial closing of the Company’s private offering. The Company’s obligation to purchase such investments was conditional upon satisfying certain conditions, namely (1) the earlier of (a) September 1, 2023, so long as the Company has received aggregate subscriptions of $75 million or greater, or (b) the receipt of aggregate subscriptions of $500 million or greater, and (2) the Board of Directors’ approval of the Company’s acceptance of such capital subscriptions. The Company made customary representations and warranties in the facility agreement. On December 1, 2023, the Company satisfied the conditions set forth in the facility agreement and purchased an initial portfolio of approximately $81 million of gross commitments (funded and unfunded). The initial portfolio of investments consists primarily of directly originated senior secured term loans issued by U.S. middle-market companies backed by financial sponsors. The initial portfolio is comprised of primarily first lien senior secured floating rate loans. There are no material differences between the underwriting standards used in the acquisition of the investments the Company acquired pursuant to the facility agreement and the underwriting standards to be employed by the Company’s investment adviser on its behalf.

Below is an unaudited schedule of investments as of December 1, 2023 for the portfolio of investments the Company acquired pursuant to the facility agreement.

LGAM Private Credit LLC

Consolidated Schedule of Investments (Unaudited)
December 1, 2023
(In thousands)

SIGNATURE

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.