---
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"
generated_at: "2026-06-07T17:31:20.147482+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# StepStone Private Credit Fund secures $250M revolving credit facility with Wells Fargo

## Summary
- $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.

## SEC filing metadata
- accession: 0001213900-23-093539
- form_type: 8-K
- cik: 0001950803
- company_name: Stepstone Private Credit Fund LLC
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-093539
- JSON: https://secwatch.observer/filing/0001213900-23-093539.json
- Plain text: https://secwatch.observer/filing/0001213900-23-093539.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1950803/000121390023093539/0001213900-23-093539-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1950803/000121390023093539/0001213900-23-093539-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.