Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Stepstone Private Credit Fund LLC incurred revolving credit of $250.0 million with Wells Fargo Bank, National Association at Daily Simple SOFR plus a margin of 2.65%, with a 0.0% floor on Daily Simple SOFR maturing December 1, 2028.
- Instrument
- revolving credit
- Principal
- $250.0 million
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- Daily Simple SOFR plus a margin of 2.65%, with a 0.0% floor on Daily Simple SOFR
- Maturity
- December 1, 2028
- Event
- incurrence
Exact text from the filing
Credit Facility”). The Company serves as collateral manager and equityholder under the Wells Fargo Loan and Security Agreement. The lenders have made aggregate commitments of $250.0 million under the Wells Fargo SPV III Credit Facility. Borrowings under the Wells Fargo SPV III Credit Facility will generally bear interest at a rate per annum equal to Daily Simple
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Stepstone Private Credit Fund LLC entered into Wells Fargo Loan and Security Agreement with Wells Fargo Bank, National Association valued at $250.0 million (effective 2023-12-01).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- $250.0 million
- Effective
- 2023-12-01
Exact text from the filing
On December 1, 2023, Stepstone Private Credit Fund LLC (the “Company”), through a special purpose wholly-owned subsidiary, Stepstone SPV Facility III LLC (“SPV Facility III”), as borrower, entered into a Loan and Security Agreement (the “Wells Fargo Loan and Security Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as the administrative agent
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