StepStone establishes USD 250 million Wells Fargo financing facility

StepStone disclosed a revolving facility entered December 1, 2023 by StepStone SPV Facility III LLC. Wells Fargo was administrative agent and initial sole lender for USD 250 million. Original terms included Daily Simple SOFR plus 2.65%, December 1, 2026 reinvestment expiry and December 1, 2028 maturity. Subsequent amendments changed the facility; this news preserves the original event.