debt
confidence high
sentiment neutral
materiality 0.65
StepStone Private Credit Fund completes $298.87M CLO (2025-I) debt securitization
Stepstone Private Credit Fund LLC
- Completed $298.87M CLO (2025-I) on Sept 17, 2025; issued via StepStone CLO 2025-I LLC.
- Class A Notes $174M (SOFR+1.68%, AAA(sf)), Class B $30M (SOFR+2.00%, AA(sf)), Sub Notes $94.87M.
- Company retained all Class B and Subordinated Notes; waived collateral management fees.
- CLO backed by diversified broadly syndicated and middle-market commercial loans; matures Aug 20, 2037.
- Optional redemption of secured debt after Aug 20, 2027; sub notes redeemable after secured redeemed.
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