---
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"
generated_at: "2026-05-17T06:23:46.783786+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 completes $298.87M CLO (2025-I) debt securitization

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-206237
- form_type: 8-K
- cik: 0001950803
- company_name: Stepstone Private Credit Fund LLC
- filed_at: 2025-09-17T23:59:59+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/1950803/000119312525206237/0001193125-25-206237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1950803/000119312525206237/d72433d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-206237
- JSON: https://secwatch.observer/filing/0001193125-25-206237.json
- Plain text: https://secwatch.observer/filing/0001193125-25-206237.txt

## Key facts
- Debt Financings
  Stepstone Private Credit Fund LLC incurred debt of $94,870,000 with UMB Bank, National Association maturing August 20, 2037.
  - Principal: $94,870,000
  - Counterparty: UMB Bank, National Association
  - Maturity: August 20, 2037
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1950803/000119312525206237/0001193125-25-206237-index.htm
- Debt Financings
  Stepstone Private Credit Fund LLC incurred debt of $174,000,000 with UMB Bank, National Association at SOFR + 1.68% maturing August 20, 2037.
  - Principal: $174,000,000
  - Counterparty: UMB Bank, National Association
  - Rate: SOFR + 1.68%
  - Maturity: August 20, 2037
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1950803/000119312525206237/0001193125-25-206237-index.htm
- Debt Financings
  Stepstone Private Credit Fund LLC incurred debt of $30,000,000 with UMB Bank, National Association at SOFR + 2.00% maturing August 20, 2037.
  - Principal: $30,000,000
  - Counterparty: UMB Bank, National Association
  - Rate: SOFR + 2.00%
  - Maturity: August 20, 2037
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1950803/000119312525206237/0001193125-25-206237-index.htm

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