StepStone Private Credit Fund LLC: amends SPV III credit facility

What happened StepStone Private Credit Fund LLC reported that on Oct 15, 2026, through its special purpose wholly-owned subsidiary StepStone SPV Facility III LLC, it entered into an amendment agreement dated as of Oct 15, 2026 (the "Wells Fargo Fifth Amendment") to the Loan and Security Agreement dated Dec 1, 2023 with Wells Fargo Bank, National Association, UMB Bank, National Association, and the lenders party thereto, giving effect to a revolving credit facility for StepStone SPV Facility III (the "Wells Fargo SPV III Credit Facility").

Key details

• Aggregate commitments increased to $1,000,000,000 with an accordion feature to request increases up to $1,500,000,000.
• Scheduled reinvestment period end date extended to Oct 15, 2029 and scheduled maturity date extended to Oct 15, 2031.
• Applicable margin on borrowings decreased to 1.95%.
• Non-use fee: during the initial six-month period following Oct 15, 2026 and following the closing of any permitted securitization, 0.50% on the difference between the daily outstanding balance and available commitments up to 65% of available commitments, plus 1.50% on amounts in excess of 65%; on and after the initial six-month period, 0.50% on the difference up to 35% of available commitments, plus 1.50% on amounts in excess of 35%.

Why it may matter This 8-K reports Item 1.01 (entry into a material definitive agreement) describing the Wells Fargo Fifth Amendment and Item 2.03 (creation of a direct financial obligation) relating to the amended revolving credit facility. This filing does not show why the insider traded or why the company acted.