{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-187441","form_type":"8-K","ticker":null,"cik":"0001950803","company_name":"Stepstone Private Credit Fund LLC","filed_at":"2025-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.681412+00:00","generated_at":"2026-05-17T10:22:32.991736+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"StepStone Private Credit Fund prices $298.9M CLO with AAA/AA tranches","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-187441","json":"https://secwatch.observer/filing/0001193125-25-187441.json","markdown":"https://secwatch.observer/filing/0001193125-25-187441.md","text":"https://secwatch.observer/filing/0001193125-25-187441.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1950803/000119312525187441/0001193125-25-187441-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1950803/000119312525187441/d940831d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:22:32.991736+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0769ae852c4ab9c9811b9026b7dadc37459cb17d","claim":"Stepstone Private Credit Fund LLC incurred loan of $174.0 million of Class A Senior Secured Floating Rate Notes, $30.0 million of Class B Senior Secured Floating Rate Note with Wells Fargo Securities, LLC at Class A Notes bear interest at a rate equal to the sum of three-month term SOFR maturing stated maturity date in 2037.","evidence_excerpt":"to sell certain of the notes to be issued pursuant to an indenture (the “2025 Notes”) to the Initial Purchaser as part of the 2025 Debt Securitization. The 2025 Notes consist of $174.0 million of Class A Senior Secured Floating Rate Notes that are expected to be rated AAA(sf) by S&P Global Ratings, an S&P Global Inc. business (“S&P”) (the “Class A 2025 Notes”), which","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312525187441/0001193125-25-187441-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$174.0 million of Class A Senior Secured Floating Rate Notes, $30.0 million of Class B Senior Secured Floating Rate Note"},{"label":"Counterparty","value":"Wells Fargo Securities, LLC"},{"label":"Rate","value":"Class A Notes bear interest at a rate equal to the sum of three-month term SOFR"},{"label":"Maturity","value":"stated maturity date in 2037"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}