secwatch.observer — SEC 8-K summary
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Issuer:     StepStone Group Inc. (STEP)
CIK:        0001796022
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001193125-24-241230
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

StepStone Group LP issues $175M 5.52% senior notes due 2029 for general corporate purposes
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- StepStone Group LP issued $175M aggregate principal of 5.52% Series A senior notes due October 22, 2029.
- Interest payable semi-annually; notes mature in five years.
- Net proceeds to be used for investments, debt repayment, and distributions.
- Covenants include max 3.5x net leverage and minimum $65.23B fee-paying AUM.
- Make-whole prepayment allowed; change of control triggers repurchase at 100%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796022/000119312524241230/0001193125-24-241230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796022/000119312524241230/d862000d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-241230

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer