StepStone Private Credit Fund LLC has entered into a definitive agreement to establish a new revolving credit facility for its special purpose subsidiary. The filing, dated September 14, 2026, details the terms of the agreement between the collateral manager and Goldman Sachs Bank USA, which serves as the administrative agent and syndication agent.
The facility, known as the GS SPV VII Credit Facility, was established with a total commitment of $250.0 million. This capital is available for borrowing in U.S. dollars and is secured by all assets held by the borrower, StepStone SPV Facility VII LLC.
Borrowings under the facility will generally accrue interest at a rate equal to term SOFR plus a margin of 1.90%. The facility includes a borrowing base that applies a variable advance rate based on the type of assets held by the SPV. The agreement sets a reinvestment period ending on September 14, 2029, and a maturity date of September 14, 2031.
In addition to the credit facility, the Company and its subsidiary, StepStone SPV Facility VII Intermediate Holdco LLC, have entered into a Non-Recourse Carveout Guaranty Agreement with UMB Bank, National Association, and Goldman Sachs. This agreement requires the Company to guarantee losses related to instances of gross negligence, willful misconduct, fraud, or intentional misrepresentation, as well as the misappropriation of funds.
