secwatch.observer — SEC 8-K summary
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Issuer:     Stepstone Private Credit Fund LLC (—)
CIK:        0001950803
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001213900-23-036664
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

StepStone Private Credit Fund subsidiary enters $81.25M BMO credit facility, SOFR+2.50%, 2030 maturity
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- Initial commitment $81.25M, accordion to $100M; advance rate 65% against eligible loan assets.
- Interest rate Term SOFR + 2.50% (subject to adjustment based on weighted average spread of loan assets).
- Maturity May 1, 2030; facility secured by assets of SPV Facility II and pledge of equity.
- Proceeds used to purchase 100% participation interests in loans from BMO under Master Participation Agreement.
- Customary covenants, representations, and events of default; governed by Loan and Security Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1950803/000121390023036664/0001213900-23-036664-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1950803/000121390023036664/ea177975-8k_stepstone.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-036664

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