{"url_path":"/sec/cik-0001876255/8-k/2026-05-12/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/1876255/0001193125-26-219189-index.html","accession_number":"0001193125-26-219189","cik":"0001876255","ticker":null,"issuer_name":"AB Commercial Real Estate Private Debt Fund, LLC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1876255/0001193125-26-219189-index.html","primary_entity_key":"0001876255","primary_entity_name":"AB Commercial Real Estate Private Debt Fund, LLC"},"word_count":524,"has_tables":true,"body_markdown":"Item 1.01.\n\nEntry into a Material Definitive Agreement.\n\nOn May 6, 2026, AB Commercial Real Estate Private Debt Fund, LLC (the “Company”) became party to that certain Master Repurchase Agreement, dated September 29, 2015 (the “Initial Agreement”) by and between Morgan Stanley Bank N.A. (“Morgan Stanley”) and the counterparties thereto, pursuant to that Second Amendment to the Initial Agreement, executed May 6, 2026 and dated May 1, 2026 (the “Second Amendment”). The Initial Agreement had been amended prior to the Second Amendment by that certain First Amendment to the Master Repurchase Agreement, dated June 1, 2021 (the “First Amendment”). The Initial Agreement as amended by the First Amendment and the Second Amendment is referred to herein as the “Repurchase Agreement.” Any capitalized terms used herein and not defined herein shall have the meanings ascribed to them in the Repurchase Agreement.\n\nPursuant to the Repurchase Agreement, from time to time, the Company (as Seller) may enter into transactions with Morgan Stanley (as Buyer) in which the Company sells securities or other assets to Morgan Stanley against the payment of funds, with a simultaneous agreement by Morgan Stanley to transfer such securities or other assets back to the Company at a date certain or on demand, against the transfer of funds by the Company (each, a “Transaction”).\n\nUnder the Repurchase Agreement, the purchase price to be paid by Morgan Stanley to the Company shall be an amount to be agreed upon for each Transaction. The Repurchase Price for each Transaction shall equal the sum of (i) the applicable purchase price for such Transaction, plus (ii) the accrued and unpaid Purchase Price Differential applicable to the Transaction (calculated as (a) a per annum rate equal to Term SOFR on a 360-day per year basis for the actual number of days during the period commencing on the purchase date of the Transaction and ending on the repurchase date applicable thereto, plus (b) an additional margin rate to be agreed upon for such Transaction), plus or minus (iii) any amounts paid by Morgan Stanley or the Company to one another in connection with a Margin Call exercised in connection with such Transaction. There is no set maturity date under the Repurchase Agreement, and the Repurchase Agreement may be terminated upon written notice delivered by either party.\n\nAmong other things, the First Amendment adjusted the base rate applicable to the Purchase Price Differential from LIBOR to an alternative reference rate (SOFR) and established mandatory passthrough of income derived from the assets underlying Transactions under the Repurchase Agreement. The Second Amendment, among other things, added the Company as a party to the Repurchase Agreement and set the minimum trigger amount for a Margin Call to $250,000.\n\nThe Repurchase Agreement contains representations, warranties, covenants, events of default and indemnities that are customary for an agreement of its type. The foregoing description is only a summary of the material terms of the Repurchase Agreement and is qualified in its entirety by reference to a copy of the agreements forming the Repurchase Agreement which are filed as Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K and incorporated by reference herein."}