---
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"
generated_at: "2026-05-17T10:22:32.991736+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-25-187441
- form_type: 8-K
- cik: 0001950803
- company_name: Stepstone Private Credit Fund LLC
- filed_at: 2025-08-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-187441
- JSON: https://secwatch.observer/filing/0001193125-25-187441.json
- Plain text: https://secwatch.observer/filing/0001193125-25-187441.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $174.0 million of Class A Senior Secured Floating Rate Notes, $30.0 million of Class B Senior Secured Floating Rate Note
  - Counterparty: Wells Fargo Securities, LLC
  - Rate: Class A Notes bear interest at a rate equal to the sum of three-month term SOFR
  - Maturity: stated maturity date in 2037
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1950803/000119312525187441/0001193125-25-187441-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.