---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-328294"
form_type: "8-K"
ticker: null
cik: "0001950803"
company_name: "Stepstone Private Credit Fund LLC"
filed_at: "2025-12-22T23:59:59+00:00"
generated_at: "2026-05-16T12:28:23.944788+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# StepStone Private Credit Fund issues $300M senior notes in four tranches

## Summary
- Issued $75M 5.94% Tranche A due 2028, $75M 5.94% Tranche B due 2029, $75M 6.32% Tranche C due 2030, $75M 6.32% Tranche D due 2031.
- Tranches A and C closed Dec 17, 2025; Tranches B and D expected to close Mar 17, 2026.
- Notes are unsecured, rank pari passu; rates may increase up to 2% if below investment grade or secured debt ratio thresholds are breached.
- Entered interest rate swaps converting fixed rates to floating (three-month SOFR plus spread) to align with floating-rate loan portfolio.
- Proceeds for general corporate purposes including investments, debt repayment, and distributions.

## SEC filing metadata
- accession: 0001193125-25-328294
- form_type: 8-K
- cik: 0001950803
- company_name: Stepstone Private Credit Fund LLC
- filed_at: 2025-12-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1950803/000119312525328294/0001193125-25-328294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1950803/000119312525328294/d140525d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-328294
- JSON: https://secwatch.observer/filing/0001193125-25-328294.json
- Plain text: https://secwatch.observer/filing/0001193125-25-328294.txt

## Key facts
- Debt Financings
  Stepstone Private Credit Fund LLC incurred senior notes of $75,000,000 at 6.32% maturing December 17, 2030.
  - Instrument: senior notes
  - Principal: $75,000,000
  - Rate: 6.32%
  - Maturity: December 17, 2030
  - Event: incurrence
  source text: $75,000,000 in aggregate principal amount of its 6.32% Series 2025 Senior Notes, Tranche C, due December 17, 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/1950803/000119312525328294/0001193125-25-328294-index.htm
- Debt Financings
  Stepstone Private Credit Fund LLC incurred senior notes of $75,000,000 at 6.32% maturing March 17, 2031.
  - Instrument: senior notes
  - Principal: $75,000,000
  - Rate: 6.32%
  - Maturity: March 17, 2031
  - Event: incurrence
  source text: $75,000,000 in aggregate principal amount of its 6.32% Series 2025 Senior Notes, Tranche D, due March 17, 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/1950803/000119312525328294/0001193125-25-328294-index.htm
- Debt Financings
  Stepstone Private Credit Fund LLC incurred senior notes of $75,000,000 at 5.94% maturing December 17, 2028.
  - Instrument: senior notes
  - Principal: $75,000,000
  - Rate: 5.94%
  - Maturity: December 17, 2028
  - Event: incurrence
  source text: $75,000,000 in aggregate principal amount of its 5.94% Series 2025 Senior Notes, Tranche A, due December 17, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/1950803/000119312525328294/0001193125-25-328294-index.htm
- Debt Financings
  Stepstone Private Credit Fund LLC incurred senior notes of $75,000,000 at 5.94% maturing March 17, 2029.
  - Instrument: senior notes
  - Principal: $75,000,000
  - Rate: 5.94%
  - Maturity: March 17, 2029
  - Event: incurrence
  source text: $75,000,000 in aggregate principal amount of its 5.94% Series 2025 Senior Notes, Tranche B, due March 17, 2029
  evidence_url: https://www.sec.gov/Archives/edgar/data/1950803/000119312525328294/0001193125-25-328294-index.htm

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