Stepstone Private Credit Fund LLC: debt financing — StepStone Private Credit Fund enters $250M JPMorgan revolving credit facility

Stepstone Private Credit Fund LLC

Aggregate lender commitments of $250M under JPM SPV V Credit Facility.
Borrowings bear interest at applicable benchmark plus 1.85% (to Jan 2027) then 1.90%.
Maturity date July 25, 2030; reinvestment period ends July 25, 2028.
Advances secured by all assets of SPV Facility V; borrowing base advance rate 62.5%.
Non-use fee of 0.60% per annum on unused commitments during first three years.

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 incurred revolving credit of $250.0 million with JP Morgan Chase Bank, National Association, as the administrative agent at Term SOFR plus a margin of (a) 1.85% until January 24, 2027, or (b) 1.90% for th maturing July 25, 2030.

Instrument: revolving credit
Principal: $250.0 million
Counterparty: JP Morgan Chase Bank, National Association, as the administrative agent
Rate: Term SOFR plus a margin of (a) 1.85% until January 24, 2027, or (b) 1.90% for th
Maturity: July 25, 2030
Event: incurrence

Exact text from the filing

(the “JPM SPV V Credit Facility”). The Company serves as portfolio manager and parent under the JPM Loan and Security Agreement. The lenders have made aggregate commitments of $250.0 million under the JPM SPV V Credit Facility, which will be available to draw in U.S. dollars and, subject to agreed limits, Euros, sterling, Canadian dollars and/or Swiss francs (the

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Source: SEC EDGAR

accession 0001193125-25-167875

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