Cook steaks in large skillet sprayed with cooking spray on medium-high heat 2 to 3 min. on each side or until evenly browned on both sides.
Meanwhile, combine cheese, bread crumbs, basil and peppercorns.
Transfer steaks to baking sheet sprayed with cooking spray; top with cheese mixture.
Bake steaks 8 to 10 min. or until medium doneness (160ºF). Meanwhile, cook pasta sauce and water in skillet on medium-low heat until heated through, stirring frequently.
Serve steaks topped with pasta sauce.