{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-206237","form_type":"8-K","ticker":null,"cik":"0001950803","company_name":"Stepstone Private Credit Fund LLC","filed_at":"2025-09-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.681835+00:00","generated_at":"2026-05-17T06:23:46.783786+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 completes $298.87M CLO (2025-I) debt securitization","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-206237","json":"https://secwatch.observer/filing/0001193125-25-206237.json","markdown":"https://secwatch.observer/filing/0001193125-25-206237.md","text":"https://secwatch.observer/filing/0001193125-25-206237.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1950803/000119312525206237/0001193125-25-206237-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1950803/000119312525206237/d72433d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:23:46.783786+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":"06773adb1b96e5552553e74b8d02b3903db4c2a5","claim":"Stepstone Private Credit Fund LLC incurred debt of $94,870,000 with UMB Bank, National Association maturing August 20, 2037.","evidence_excerpt":"to all classes of Secured Debt) but not in part from sale proceeds, contributions of cash, refinancing proceeds and/or any other amounts available in accordance with the Indenture, dated as of the Closing Date (the “Indenture”), by and between the Issuer and UMB Bank, National Association, as Trustee or (ii) in part by class from refinancing proceeds, contributions of cash, partial refinancing interest proceeds and/or any other amounts available in accordance with the Indenture, and the Subordinated Notes may be redeemed, in whole but not in part, on any business day on or after the redemption of the Secured Debt in full.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312525206237/0001193125-25-206237-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$94,870,000"},{"label":"Counterparty","value":"UMB Bank, National Association"},{"label":"Maturity","value":"August 20, 2037"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ba5fcb259c8b7d94a2fb7913c9a6dd71a8af01fc","claim":"Stepstone Private Credit Fund LLC incurred debt of $174,000,000 with UMB Bank, National Association at SOFR + 1.68% maturing August 20, 2037.","evidence_excerpt":"to all classes of Secured Debt) but not in part from sale proceeds, contributions of cash, refinancing proceeds and/or any other amounts available in accordance with the Indenture, dated as of the Closing Date (the “Indenture”), by and between the Issuer and UMB Bank, National Association, as Trustee or (ii) in part by class from refinancing proceeds, contributions of cash, partial refinancing interest proceeds and/or any other amounts available in accordance with the Indenture, and the Subordinated Notes may be redeemed, in whole but not in part, on any business day on or after the redemption of the Secured Debt in full.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312525206237/0001193125-25-206237-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$174,000,000"},{"label":"Counterparty","value":"UMB Bank, National Association"},{"label":"Rate","value":"SOFR + 1.68%"},{"label":"Maturity","value":"August 20, 2037"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fca0893e188c651ffebcd825abc48405de5a2daa","claim":"Stepstone Private Credit Fund LLC incurred debt of $30,000,000 with UMB Bank, National Association at SOFR + 2.00% maturing August 20, 2037.","evidence_excerpt":"to all classes of Secured Debt) but not in part from sale proceeds, contributions of cash, refinancing proceeds and/or any other amounts available in accordance with the Indenture, dated as of the Closing Date (the “Indenture”), by and between the Issuer and UMB Bank, National Association, as Trustee or (ii) in part by class from refinancing proceeds, contributions of cash, partial refinancing interest proceeds and/or any other amounts available in accordance with the Indenture, and the Subordinated Notes may be redeemed, in whole but not in part, on any business day on or after the redemption of the Secured Debt in full.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312525206237/0001193125-25-206237-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$30,000,000"},{"label":"Counterparty","value":"UMB Bank, National Association"},{"label":"Rate","value":"SOFR + 2.00%"},{"label":"Maturity","value":"August 20, 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"}