Stepstone Private Credit Fund LLC 8-K

What Happened
StepStone Private Credit Fund LLC (the Company) announced it and its wholly-owned subsidiary SPV Facility I LLC executed a Termination Agreement on April 6, 2026, terminating the Loan and Servicing Agreement dated April 3, 2023 (the MassMutual SPV I Facility) and all related loan documents. The facility had a reinvestment period that expired on April 3, 2026; prior to that expiration SPV Facility I had no outstanding borrowings. On April 6, 2026 SPV Facility I paid all remaining fees under the facility, and execution of the Termination Agreement released and terminated all related security interests, liens and obligations.

Key Details

• Parties: SPV Facility I LLC (borrower, wholly-owned subsidiary), StepStone Private Credit Fund LLC (the Company), Barings Finance LLC (administrative agent and facility servicer), Massachusetts Mutual Life Insurance Company and Massachusetts Ascend Life Insurance Company (lenders).
• Dates: Original facility dated April 3, 2023; reinvestment period expired April 3, 2026; Termination Agreement executed April 6, 2026.
• Financials: SPV Facility I had no outstanding borrowings under the facility prior to reinvestment-period expiration; all remaining fees were paid on April 6, 2026.
• Effect: All related security interests, liens and obligations under the MassMutual SPV I Facility were released and terminated upon execution.

Why It Matters
For investors, this filing confirms the Company and its SPV have formally closed out and removed a previously established borrowing facility, with no outstanding debt remaining under that facility. The termination eliminates the associated liens and obligations tied to the MassMutual SPV I Facility. The filing does not disclose any dollar amounts of outstanding debt (because there were none) or material new financing; any impacts on the Company’s overall liquidity or capital structure would depend on other funding sources not addressed in this 8-K.