10/24/2025 | Press release | Distributed by Public on 10/24/2025 14:14
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 29, 2025
StepStone Private Credit Fund LLC
(Exact name of registrant as specified in its charter)
| Delaware | 814-01624 | 92-0758580 | ||
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
|
277 Park Avenue 44th Floor New York, New York |
10172 | |
| (Address of principal executive offices) | (Zip Code) |
(212) 351-6100
(Registrant's telephone number, including area code)
n/a
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Exchange Act:
Indicate by check mark
|
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
||
| N/A | N/A | N/A |
Check the appropriate box below if the Form 8-Kfiling is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ |
Soliciting material pursuant to Rule 14a-12under the Exchange Act (17 CFR 240.14a-12) |
| ☐ |
Pre-commencementcommunications pursuant to Rule 14d-2(b)under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ |
Pre-commencementcommunications pursuant to Rule 13e-4(c)under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2of the Securities Exchange Act of 1934 (§ 240.12b-2of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
EXPLANATORY NOTE
This amendment (this "Amendment") is being filed by Stepstone Private Credit Fund LLC (the "Company") to amend Item 8.01 Other Events of that certain Current Report on Form 8-Koriginally filed by the Company with the U.S. Securities and Exchange Commission on July 29, 2025 (the "Original Form 8-K").This Amendment is being filed to correct the amount of the Company's net investment income per unit of limited liability company interests of the Company (the "Shares") for the three months ended June 30, 2025 using weighted average Shares outstanding for the period, as set forth in Item 8.01 of the Original Form 8-K.The net investment income per Share for the three months ended June 30, 2025 using weighted average Shares outstanding for the period, as set forth in Item 8.01 of the Original Form 8-K,inadvertently reflected $0.67 per Share, which was the amount of the Company's second quarter 2025 distribution per Share using weighted average Shares outstanding for the three months ended June 30, 2025, which was paid on August 1, 2025 to shareholders of record on June 27, 2025. Except as set forth in this paragraph, no other changes shall be deemed to be made to the Original Form 8-Kby this Amendment.
| Item 3.02 |
Unregistered Sales of Equity Securities. |
As of July 1, 2025, Stepstone Private Credit Fund LLC (the "Company") sold 1,526,434 unregistered shares (the "Sold Shares") of the Company's limited liability company interests (the "Shares") (with the final number of Sold Shares issued being determined on July 29, 2025) pursuant to subscription agreements entered into with the participating investors for aggregate consideration of $39.7 million.
The offer and sale of the Sold Shares were conducted in connection with the Company's continuous private offering of Shares in reliance on the exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), provided by Section 4(a)(2) of the Securities Act, Regulation D promulgated thereunder and/or Regulation S under the Securities Act (the "Private Offering").
| Item 8.01 |
Other Events. |
Net Asset Value
The Company's net asset value per Share as of June 30, 2025, as determined in accordance with the Company's valuation policy, was $25.98.
As of June 30, 2025, the Company's aggregate net asset value was approximately $1,254.9 million, the fair value of its investment portfolio was approximately $2,137.9 million, and it had $924.2 million in debt outstanding (at principal).
Net Investment Income
The Company's net investment income per Share for the three months ended June 30, 2025 is $0.63 using weighted average Shares outstanding for the period.
Status of Offering
The Company is currently conducting the Private Offering on a continuous basis for up to $10 billion in Shares. As of the date hereof, the Company has issued an aggregate of 47,989,212 Shares in the Private Offering for total consideration of approximately $1,249.8 million. These figures do not include any Shares issued in connection with the Company's distribution reinvestment plan (if any) and do not account for Shares repurchased by the Company in connection with the Company's discretionary quarterly share repurchase program. The Company intends to continue selling Shares in the Private Offering on a monthly basis.
| Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits
|
Exhibit No. |
Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 24, 2025
| StepStone Private Credit Fund LLC | ||
| By: |
/s/ Joseph Cambareri |
|
| Name: | Joseph Cambareri | |
| Title: | Chief Financial Officer | |