04/10/2026 | Press release | Distributed by Public on 04/10/2026 12:16
| Item 1.02. |
Termination of Material Definitive Agreement. |
On April 6, 2026, SPV Facility I LLC ("SPV Facility I"), a wholly-owned subsidiary of StepStone Private Credit Fund LLC (the "Company"), and the Company executed a termination agreement (the "Termination Agreement"), terminating the Loan and Servicing Agreement, dated as of April 3, 2023, by and among SPV Facility I, as borrower, the Company, Barings Finance LLC, as administrative agent and facility servicer, and Massachusetts Mutual Life Insurance Company and Massachusetts Ascend Life Insurance Company, as lenders (as amended, restated and supplemented, the "MassMutual SPV I Facility"), and the related loan documents.
Prior to the expiration of the reinvestment period under the MassMutual SPV I Facility on April 3, 2026 (after which no additional borrowings were permitted to be drawn under the MassMutual SPV I Facility), SPV Facility I had no outstanding borrowings under the MassMutual SPV I Facility. On April 6, 2026, SPV Facility paid all remaining fees under the MassMutual SPV I Facility, and upon execution of the Termination Agreement, all related security interests, liens in favor of any secured party thereunder, and all obligations thereunder, were released and terminated.