secwatch.observer — SEC 8-K summary
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Issuer:     Stepstone Private Credit Fund LLC (—)
CIK:        0001950803
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001193125-25-328294
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1950803/000119312525328294/0001193125-25-328294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1950803/000119312525328294/d140525d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-328294

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