{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-093539","form_type":"8-K","ticker":null,"cik":"0001950803","company_name":"Stepstone Private Credit Fund LLC","filed_at":"2023-12-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.447772+00:00","generated_at":"2026-06-07T17:31:20.147482+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"StepStone Private Credit Fund secures $250M revolving credit facility with Wells Fargo","bullets":["$250M aggregate lender commitments under Wells Fargo SPV III Credit Facility, maturing Dec 1, 2028.","Interest at Daily Simple SOFR + 2.65% floor 0.00%; non-use fee 0.50% in first six months.","Reinvestment period ends Dec 1, 2026; loans secured by SPV Facility III assets.","Borrower is wholly owned special purpose subsidiary; StepStone serves as collateral manager and equityholder.","Facility for general business purposes; includes customary covenants and events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-093539","json":"https://secwatch.observer/filing/0001213900-23-093539.json","markdown":"https://secwatch.observer/filing/0001213900-23-093539.md","text":"https://secwatch.observer/filing/0001213900-23-093539.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1950803/000121390023093539/0001213900-23-093539-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1950803/000121390023093539/ea189520-8k_stepstone.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T17:31:20.147482+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":"e5e95b8a74292f03c0b355d686d1749e532de7df","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000121390023093539/0001213900-23-093539-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$250.0 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Daily Simple SOFR plus a margin of 2.65%, with a 0.0% floor on Daily Simple SOFR"},{"label":"Maturity","value":"December 1, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"565a732c723c6f25c62ddea415114ad52ab54994","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1950803/000121390023093539/0001213900-23-093539-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$250.0 million"},{"label":"Effective","value":"2023-12-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}