StepStone Private Credit Fund prices $298.9M CLO with AAA/AA tranches

Stepstone Private Credit Fund LLC

$174M Class A notes at SOFR+1.68% rated AAA(sf); $30M Class B at SOFR+2.00% rated AA(sf).
$94.87M subordinated notes (no interest) also issued; total notes $298.87M with 2037 legal maturity.
Company retains all Class B and subordinated notes; non-call period of ~1.93 years.
Issuance expected to close by September 17, 2025; backed by senior secured middle-market loans.
StepStone will serve as collateral manager and waive management and incentive fees.

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