StepStone expands Wells Fargo-administered credit facility

StepStone SPV Facility III LLC amended its credit facility on October 15, 2026, increasing aggregate capacity from USD 750 million to USD 1 billion. Annex B increased Wells Fargo's own commitment from USD 650 million to USD 700 million. Wells remains administrative agent and swingline lender; its USD 50 million swingline is a sublimit. The amendment reduced the spread to 1.95%, extended reinvestment to October 15, 2029 and maturity to October 15, 2031, and permits a conditional USD 1.5 billion maximum.