Material Agreement, Financial Obligation (Form 8-K)

On October 15, 2026, 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 an amendment agreement dated as of October 15, 2026 (the "Wells Fargo Fifth Amendment") to that certain Loan and Security Agreement with Wells Fargo Bank, National Association, as the administrative agent ("Wells Fargo"), UMB Bank, National Association, as the collateral agent, and the lenders party thereto from time to time, dated as of December 1, 2023 (as amended, including by the Wells Fargo Fifth Amendment, the "Wells Fargo Loan and Security Agreement"), which provides SPV Facility III with a revolving credit facility (giving effect to the Wells Fargo Fifth Amendment, the "Wells Fargo SPV III Credit Facility"). The Wells Fargo Fifth Amendment, among other changes, (i) increased the aggregate commitments by the lenders under the Wells Fargo SPV III Credit Facility to $1.0 billion, with an accordion feature providing SPV Facility III the right to request increases in commitments under the facility from new and existing lenders on the same terms and conditions as the existing commitments up to an aggregate maximum of $1.5 billion, (ii) extended the scheduled reinvestment period end date (after which no borrowings may be drawn under the Wells Fargo SPV III Credit Facility) and the scheduled maturity date under the Wells Fargo SPV III Credit Facility to October 15, 2029 and October 15, 2031, respectively, unless the Wells Fargo Loan and Security Agreement is sooner terminated in accordance with its terms, and (iii) decreased the applicable margin on borrowings under the Wells Fargo SPV III Credit Facility to 1.95%.

The Wells Fargo SPV III Credit Facility requires payment of a non-use fee by SPV Facility III equal to, (i) during the six-month period following (a) the date of the Wells Fargo Fifth Amendment and (b) the closing date of any private or public term or conduit securitization transaction undertaken by SPV Facility III or certain affiliates thereof, for which Wells Fargo has provided its consent, and that is secured, directly or indirectly, by any loan currently included in the collateral under the Wells Fargo SPV III Credit Facility or any portion thereof or any interest therein released from the lien of the Wells Fargo Loan and Security Agreement (a "Permitted Securitization"), 0.50% on the difference between the daily outstanding balance under the Wells Fargo SPV III Credit Facility relative to the maximum amount of available commitments at such time up to 65% of the maximum amount of available commitments, plus 1.50% on any such amount in excess of 65% of the maximum amount of available commitments, and (ii) on and after the initial six-month period following (a) the date of the Wells Fargo Fifth Amendment and (b) the closing date of any Permitted Securitization, 0.50% on the difference between the daily outstanding balance under the Wells Fargo SPV III Credit Facility relative to the maximum amount of available commitments at such time up to 35% of the maximum amount of available commitments, plus 1.50% on any such amount in excess of 35% of the maximum amount of available commitments.

The foregoing description of the Wells Fargo Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Wells Fargo Fifth Amendment attached hereto as Exhibit 10.1.

The disclosure set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.