Stepstone Private Credit Fund LLC Enters Material Agreement
| Field | Detail |
|---|---|
| Company | Stepstone Private Credit Fund LLC |
| Form Type | 8-K |
| Filed Date | Aug 25, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $174.0 million, $30.0 million, $94.87 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Stepstone Private Credit Fund LLC just signed a big deal and took on new financial obligations.
AI Summary
On August 22, 2025, Stepstone Private Credit Fund LLC entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.
Why It Matters
This filing signifies a new material agreement and potential financial obligations for Stepstone Private Credit Fund LLC, which could impact its financial structure and operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet those obligations.
Key Players & Entities
- Stepstone Private Credit Fund LLC (company) — Registrant
- August 22, 2025 (date) — Date of earliest event reported
- 277 Park Avenue, 44th Floor, New York, New York 10172 (address) — Principal executive offices
FAQ
What type of material definitive agreement did Stepstone Private Credit Fund LLC enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on August 22, 2025.
What are the details of the direct financial obligation or off-balance sheet arrangement created?
The filing indicates the creation of such an obligation but does not provide specific details regarding its nature or terms.
What is the primary purpose of this 8-K filing?
The primary purpose is to report the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on August 22, 2025.
Where is Stepstone Private Credit Fund LLC's principal executive office located?
Stepstone Private Credit Fund LLC's principal executive office is located at 277 Park Avenue, 44th Floor, New York, New York 10172.
Filing Stats: 1,201 words · 5 min read · ~4 pages · Grade level 13.2 · Accepted 2025-08-25 13:44:20
Key Financial Figures
- $174.0 million — ritization. The 2025 Notes consist of $174.0 million of Class A Senior Secured Floating Rate
- $30.0 million — -month term SOFR plus 1.68% per annum ; $30.0 million of Class B Senior Secured Floating Rate
- $94.87 million — th term SOFR plus 2.00% per annum ; and $94.87 million of Subordinated Notes (the "Subordinate
Filing Documents
- d940831d8k.htm (8-K) — 31KB
- d940831dex101.htm (EX-10.1) — 145KB
- 0001193125-25-187441.txt ( ) — 319KB
- ea0236175-20250822.xsd (EX-101.SCH) — 3KB
- ea0236175-20250822_lab.xml (EX-101.LAB) — 16KB
- ea0236175-20250822_pre.xml (EX-101.PRE) — 10KB
- d940831d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Purchase Agreement, dated August 22, 2025, by and among StepStone CLO 2025-I LLC, as issuer, StepStone Private Credit Fund LLC, as retention holder, and Wells Fargo Securities, LLC, as initial purchaser 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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: August 25, 2025 StepStone Private Credit Fund LLC By: /s/ Joseph Cambareri Name: Joseph Cambareri Title: Chief Financial Officer and Corporate Secretary