{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-151025","form_type":"8-K","ticker":null,"cik":"0001950803","company_name":"Stepstone Private Credit Fund LLC","filed_at":"2026-04-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.313071+00:00","generated_at":"2026-05-15T06:43:18.427687+00:00","sec_items":["1.02"],"event_type":"other","sentiment":"neutral","materiality_score":0.05,"calibrated_materiality_score":0.05,"confidence":"high","headline":"StepStone Private Credit Fund terminates MassMutual SPV I Facility with no borrowings outstanding","bullets":["Terminated Loan and Servicing Agreement dated April 3, 2023 among SPV Facility I, company, Barings, and MassMutual affiliates.","No outstanding borrowings existed prior to reinvestment period expiration on April 3, 2026.","All remaining fees paid on April 6, 2026; related security interests and liens released and terminated."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-151025","json":"https://secwatch.observer/filing/0001193125-26-151025.json","markdown":"https://secwatch.observer/filing/0001193125-26-151025.md","text":"https://secwatch.observer/filing/0001193125-26-151025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/0001193125-26-151025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/d19031d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T06:43:18.427687+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":"f7808517b4435cc4d3955bbf9ac32e9e80d4758d","claim":"Stepstone Private Credit Fund LLC terminated MassMutual SPV I Facility with Massachusetts Mutual Life Insurance Company and Massachusetts Ascend Life Insurance Company (effective 2026-04-06).","evidence_excerpt":"On April 6, 2026, SPV Facility I LLC (“SPV Facility I”), a wholly-owned subsidiary of StepStone Private Credit Fund LLC (the “Company”), and the Company executed a termination agreement (the “Termination Agreement”), terminating the Loan and Servicing Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/0001193125-26-151025-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001193125-26-251741","ticker":"NVRI","company_name":"ENVIRI Corp","filed_at":"2026-06-01T21:15:54+00:00","headline":"Enviri completes sale of Clean Earth to Veolia for $3.04B; spins off remaining businesses as New Enviri","event_type":"m_and_a","sec_items":["1.02","2.01","3.01","3.03","5.01","9.01"],"materiality_score":0.9,"calibrated_materiality_score":0.9,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-251741","json":"https://secwatch.observer/filing/0001193125-26-251741.json","markdown":"https://secwatch.observer/filing/0001193125-26-251741.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/45876/000119312526251741/0001193125-26-251741-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/45876/000119312526251741/d129138d8k.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 6, 2026, SPV Facility I LLC (“SPV Facility I”), a wholly-owned subsidiary of StepStone Private Credit Fund LLC (the “Company”), and the Company executed a termination agreement (the “Termination Agreement”), terminating the Loan and Servicing Agreement","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/0001193125-26-151025-index.htm","comparable_excerpt":"On June 1, 2026, in connection with the Transactions, Enviri repaid all amounts owing under that certain Receivables Purchase Agreement, dated as of June 24, 2022 (as amended, restated, supplemented or otherwise modified from time to time, the “AR Facility”), among Harsco Receivables LLC, Enviri, the purchasers party thereto, and PNC Bank, National Association, as agent, and terminated all other documents entered into in connection therewith.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/45876/000119312526251741/0001193125-26-251741-index.htm"}},{"accession":"0001140361-26-023577","ticker":"TCPC","company_name":"BlackRock TCP Capital Corp.","filed_at":"2026-06-01T20:50:02+00:00","headline":"BlackRock TCP Capital closes $535.8M CLO securitization, repays existing debt facilities","event_type":"debt","sec_items":["1.01","1.02","2.03","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02"],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-023577","json":"https://secwatch.observer/filing/0001140361-26-023577.json","markdown":"https://secwatch.observer/filing/0001140361-26-023577.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126023577/0001140361-26-023577-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126023577/ef20075169_8k.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 6, 2026, SPV Facility I LLC (“SPV Facility I”), a wholly-owned subsidiary of StepStone Private Credit Fund LLC (the “Company”), and the Company executed a termination agreement (the “Termination Agreement”), terminating the Loan and Servicing Agreement","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/0001193125-26-151025-index.htm","comparable_excerpt":"On the Closing Date, TCPC II entered into a payoff letter (“ Payoff Letter ”) to terminate the Loan and Servicing Agreement dated as of August 4, 2020 (as amended, modified, supplemented, restated or replaced from time to time, the “ LSA ”) among TCPC II, as borrower, Special Value Continuation Partners LLC, as servicer, Morgan Stanley Asset Funding Inc., as administrative agent and Morgan Stanley Bank, N.A., City National Bank, as lenders and Wells Fargo Bank, National Association, as the collateral agent, the account bank and the collateral custodian.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126023577/0001140361-26-023577-index.htm"}},{"accession":"0000893538-26-000071","ticker":"SM","company_name":"SM Energy Co","filed_at":"2026-06-01T20:25:05+00:00","headline":"SM Energy redeems $419M of 6.75% senior notes due 2026","event_type":"debt","sec_items":["1.02"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02"],"urls":{"canonical":"https://secwatch.observer/filing/0000893538-26-000071","json":"https://secwatch.observer/filing/0000893538-26-000071.json","markdown":"https://secwatch.observer/filing/0000893538-26-000071.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/893538/000089353826000071/0000893538-26-000071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/893538/000089353826000071/sm-20260601.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 6, 2026, SPV Facility I LLC (“SPV Facility I”), a wholly-owned subsidiary of StepStone Private Credit Fund LLC (the “Company”), and the Company executed a termination agreement (the “Termination Agreement”), terminating the Loan and Servicing Agreement","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/0001193125-26-151025-index.htm","comparable_excerpt":"On June 1, 2026, SM Energy Company (“ Company ”) paid $419,235,000 to redeem all of the aggregate principal amount outstanding of its 6.75% Senior Notes due 2026 (the “ 2026 Senior Notes ”), plus accrued and unpaid interest, pursuant to the terms of the Indenture, dated as of May 21, 2015 (the “ Base Indenture ”), by and between the Company and U.S. Bank National Association, (including its successor in interest, U.S. Bank Trust Company, National Association, the “ Trustee ”), as amended and supplemented by the Third Supplemental Indenture, dated as of September 12, 2016, by and between the Company and the Trustee (the “ Third Supplemental Indenture ”), and as further amended and supplemented by the Sixth Supplemental Indenture, dated as of January 30, 2026, by and among the Company, the guarantors party thereto and the Trustee (the “ Sixth Supplemental Indenture ” and, collectively with the Base Indenture and the Third Supplemental Indenture, the “ Indenture Documents ”), all of which","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/893538/000089353826000071/0000893538-26-000071-index.htm"}},{"accession":"0001379785-26-000024","ticker":"BBDC","company_name":"Barings BDC, Inc.","filed_at":"2026-06-01T20:15:45+00:00","headline":"Barings BDC receives $67M cash from adviser, enters new $11M credit support for Sierra legacy investments","event_type":"other_material","sec_items":["1.01","1.02","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02"],"urls":{"canonical":"https://secwatch.observer/filing/0001379785-26-000024","json":"https://secwatch.observer/filing/0001379785-26-000024.json","markdown":"https://secwatch.observer/filing/0001379785-26-000024.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1379785/000137978526000024/0001379785-26-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1379785/000137978526000024/bbdc-20260529.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 6, 2026, SPV Facility I LLC (“SPV Facility I”), a wholly-owned subsidiary of StepStone Private Credit Fund LLC (the “Company”), and the Company executed a termination agreement (the “Termination Agreement”), terminating the Loan and Servicing Agreement","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/0001193125-26-151025-index.htm","comparable_excerpt":"Barings BDC, Inc. (the “Company”) and Barings LLC (the “Adviser”) entered into a new Credit Support Agreement (the “New CSA”). The New CSA provides similar credit support as previously provided under the Prior CSA for the remaining unrealized investments in two portfolio companies previously covered by the Prior CSA in an amount equal to the $10,994,928 fair value of such investments as of May 29, 2026 (the “Remaining Obligation”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1379785/000137978526000024/0001379785-26-000024-index.htm"}},{"accession":"0001193125-26-251442","ticker":"RPAY","company_name":"Repay Holdings Corp","filed_at":"2026-06-01T20:14:04+00:00","headline":"REPAY closes $372M acquisition of KUBRA, funded with new $500M term loan","event_type":"m_and_a","sec_items":["1.01","2.01","1.02","9.01","2.03","7.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-251442","json":"https://secwatch.observer/filing/0001193125-26-251442.json","markdown":"https://secwatch.observer/filing/0001193125-26-251442.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1720592/000119312526251442/0001193125-26-251442-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1720592/000119312526251442/rpay-20260601.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 6, 2026, SPV Facility I LLC (“SPV Facility I”), a wholly-owned subsidiary of StepStone Private Credit Fund LLC (the “Company”), and the Company executed a termination agreement (the “Termination Agreement”), terminating the Loan and Servicing Agreement","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/0001193125-26-151025-index.htm","comparable_excerpt":"On June 1, 2026 (the “Closing Date”), Repay Holdings Corporation (the “Company” or “REPAY”), its wholly owned subsidiary, Hawk Parent Holdings LLC, a Delaware limited liability company (the “Borrower”) and certain subsidiaries of the Company party thereto, as guarantors, entered into a Credit Agreement (the “Credit Agreement”) with certain financial institutions party thereto, as lenders, and Truist Bank, as administrative agent.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1720592/000119312526251442/0001193125-26-251442-index.htm"}},{"accession":"0001104659-26-068666","ticker":"THR","company_name":"Thermon Group Holdings, Inc.","filed_at":"2026-06-01T13:24:24+00:00","headline":"CECO Environmental completes acquisition of Thermon Group; THR shares delisted from NYSE","event_type":"m_and_a","sec_items":["1.02","2.01","3.01","3.03","5.01","5.02","7.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-068666","json":"https://secwatch.observer/filing/0001104659-26-068666.json","markdown":"https://secwatch.observer/filing/0001104659-26-068666.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1489096/000110465926068666/0001104659-26-068666-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1489096/000110465926068666/tm2616040d1_8k.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 6, 2026, SPV Facility I LLC (“SPV Facility I”), a wholly-owned subsidiary of StepStone Private Credit Fund LLC (the “Company”), and the Company executed a termination agreement (the “Termination Agreement”), terminating the Loan and Servicing Agreement","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/0001193125-26-151025-index.htm","comparable_excerpt":"In connection with the consummation of the Mergers, CECO paid or caused to be paid, on behalf of Thermon, all amounts necessary to satisfy and discharge in full the then-outstanding obligations of Thermon under that certain Amended and Restated Credit Agreement, dated September 29, 2021, by and among Thermon Holding Corp., Thermon Canada Inc., the other financial institutions or entities party thereto from time to time and JPMorgan Chase Bank, N.A., as Administrative Agent, which was further amended on November 19, 2021, March 7, 2023, and December 29, 2023 (as amended, restated, supplemented or otherwise modified from time to time, together with all related credit documentation, the “Credit Agreement”). In connection therewith, the Credit Agreement and all commitments thereunder were terminated.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1489096/000110465926068666/0001104659-26-068666-index.htm"}},{"accession":"0001213900-26-054200","ticker":"SERV","company_name":"Serve Robotics Inc. /DE/","filed_at":"2026-05-11T23:59:59+00:00","headline":"Serve Robotics ends $150M ATM sales agreement, reports pro forma Q1 net loss of $51M from Diligent acquisition","event_type":"other_material","sec_items":["1.02","8.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-054200","json":"https://secwatch.observer/filing/0001213900-26-054200.json","markdown":"https://secwatch.observer/filing/0001213900-26-054200.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832483/000121390026054200/0001213900-26-054200-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832483/000121390026054200/ea028960901-8k_serve.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 6, 2026, SPV Facility I LLC (“SPV Facility I”), a wholly-owned subsidiary of StepStone Private Credit Fund LLC (the “Company”), and the Company executed a termination agreement (the “Termination Agreement”), terminating the Loan and Servicing Agreement","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/0001193125-26-151025-index.htm","comparable_excerpt":"On May 7, 2026, Serve Robotics Inc. (the “Company”) and each of Cantor Fitzgerald & Co., Wedbush Securities Inc., Northland Securities, Inc., Ladenburg Thalmann & Co. Inc. and Seaport Global Securities LLC (collectively, the “Agents”) agreed to terminate the Controlled Equity Offering SM Agreement, dated as of March 6, 2025 (the “Prior Sales Agreement”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1832483/000121390026054200/0001213900-26-054200-index.htm"}},{"accession":"0001104659-26-057953","ticker":"ILPT","company_name":"Industrial Logistics Properties Trust","filed_at":"2026-05-08T23:59:59+00:00","headline":"ILPT Mountain JV closes $1.62B loan at 5.71% fixed, repays $1.6B existing debt","event_type":"debt","sec_items":["1.01","1.02","2.03","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-057953","json":"https://secwatch.observer/filing/0001104659-26-057953.json","markdown":"https://secwatch.observer/filing/0001104659-26-057953.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/0001104659-26-057953-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/tm2613865d1_8k.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 6, 2026, SPV Facility I LLC (“SPV Facility I”), a wholly-owned subsidiary of StepStone Private Credit Fund LLC (the “Company”), and the Company executed a termination agreement (the “Termination Agreement”), terminating the Loan and Servicing Agreement","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000119312526151025/0001193125-26-151025-index.htm","comparable_excerpt":"and then terminated the agreement governing the floating rate mortgage loan in accordance with its terms and without penalty.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/0001104659-26-057953-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}