Stone Point Credit Corp - 8-K

Item 1.01.

Entry into a Material Definitive Agreement.

On March 23, 2026, Stone Point Credit Corporation (the “Company”)
entered into a Senior Secured Revolving Credit Agreement (the “Truist Credit Agreement”) by and among the Company, Truist
Bank, as administrative agent, and the lenders and issuing banks party thereto (the “Truist Facility”). Capitalized terms
used but not defined herein will have the meaning set forth in the Truist Credit Agreement.

The aggregate initial principal amount of the Truist Facility, subject
to availability under the borrowing base, is $250 million. Maximum capacity under the Truist Facility may be increased up to $450 million
through the exercise of an accordion that permits increases to the total facility amount, subject to the satisfaction of certain conditions.
Borrowings based on Term SOFR or another applicable benchmark or risk-free rate will bear interest at a rate of 1.75% plus Term SOFR or
the applicable benchmark rate. Borrowings based on the “alternate base rate” (as more fully described in the Truist Credit
Agreement) will bear interest at a rate of 0.75% plus the “alternate base rate”. The rate of all borrowings will be increased
by 0.125% if the Gross Borrowing Base is less than 1.6 times the Combined Debt Amount. All borrowings are subject to a credit adjustment
spread. The Company will also pay a commitment fee at a rate of 0.375% per annum on the daily unused amount of each lender’s revolving
commitment under the Truist Facility.

The revolving period under the Truist Facility will terminate on the
earlier of March 22, 2030 and the occurrence of a Trigger Event (which is defined in the Truist Credit Agreement in relation to the consummation
of an initial public offering of the Company’s common stock) and the Truist Facility will mature on March 21, 2031, unless earlier
terminated in accordance with the terms of the Truist Credit Agreement, including upon the occurrence of a Trigger Event. During the period
from the end of the revolving period to the maturity date, the Company will be obligated to make mandatory prepayments under the Truist
Facility out of the proceeds of certain asset sales, other recovery events and equity and debt issuances.

The Truist Facility is secured by a security interest in substantially
all of the portfolio investments held by the Company and each existing and future subsidiary that is a guarantor under the terms of the
Truist Credit Agreement, subject to certain exceptions.

The Truist Credit Agreement includes customary affirmative and negative
covenants, including financial covenants requiring the Company to maintain a minimum shareholders’ equity and asset coverage ratio,
and certain limitations on the incurrence of additional indebtedness and liens, as well as usual and customary events of default for revolving
credit facilities of this nature.

The description above is only a summary of the material provisions
of the Truist Facility and is qualified entirely by reference to the full text of such agreement, which is filed as Exhibit 10.1 to this
current report on Form 8-K and incorporated by reference herein.

Item 2.03.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

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

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

10.1*

Senior Secured Revolving Credit Agreement among Stone Point Credit Corporation, as Borrower, Truist Securities, Inc., BofA Securities, Inc., Wells Fargo Securities, LLC, Capital One, National Association, Goldman Sachs Bank USA and JPMorgan Chase Bank N.A., as Joint Book Runners and Joint Lead Arrangers, the Lenders and Issuing Banks party thereto and Truist Bank, as Administrative Agent, dated March 23, 2026.

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Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Certain schedules to this Exhibit have been omitted in accordance
with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted schedules to the SEC upon its request.