secwatch / observer
8-K filed May 16, 2025, 7:59 PM ET CIK 0001950803
debt confidence high sentiment neutral materiality 0.50

Stepstone Private Credit Fund LLC: debt financing — StepStone Private Credit Fund expands credit facility to $750M via Wells Fargo amendment

Stepstone Private Credit Fund LLC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Stepstone Private Credit Fund LLC amended revolving credit of $750,000,000 with Wells Fargo Bank, National Association at 0.50% on the difference between the daily outstanding balance...plus 2.00%.

Instrument
revolving credit
Principal
$750,000,000
Counterparty
Wells Fargo Bank, National Association
Rate
0.50% on the difference between the daily outstanding balance...plus 2.00%
Event
amendment
Exact text from the filing
On May 14, 2025, Stepstone Private Credit Fund LLC (the “Company”), through a special purpose wholly-owned subsidiary, Stepstone SPV Facility III LLC (“SPV Facility III”), as borrower, entered into an amendment agreement dated as of May 14, 2025 (the “Wells Fargo Third Amendment”) to that certain Loan and Security Agreement with Wells Fargo Bank, National Association, as the administrative agent, UMB Bank, National Association, as the collateral agent, and the lenders party thereto from time to time, dated as of December 1, 2023 (as amended, including by the Wells Fargo Third Amendment, the “Wells Fargo Loan and Security Agreement”), which provides SPV Facility III with a revolving credit facility (giving effect to the Wells Fargo Third Amendment, the “Wells Fargo SPV III Credit Facility”). The Wells Fargo Third Amendment, among other changes, increased the aggregate commitments by the lenders under the Wells Fargo SPV III Credit Facility to $750,000,000.
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Source: SEC EDGAR
accession 0001193125-25-121332
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