DFX Intelligence

Data Factory

Private creditBorrowerhealth care technologyaunknown

Therapy Brands Holdings LLC

Private Credit

Search this name across graphsid dfx:pc:3da70497-af9d-2448-717a-4351dc0bace1

Data as of Jun 30, 2026 (this record's last observation) from The BDC tape; Adviser-reported credit funds; Deal parties; Pending. Page built Sep 20, 2026, 6:19 AM UTC and rebuilt at most every 15 minutes.

Relationships: 0
Dated events: 40
On other graphs: 1
Observed: Dec 31, 2021 to Jun 30, 2026
5 observations

Right now

3 signals name this record (all private credit signals)

#1NewSignalPrivate creditCredit deterioration

Therapy Brands Holdings LLC: lender marks fell to 96 cents across 5 BDC lenders

State NEW at the 2022-09-30 quarter end, readable when the filing landed on 2022-11-08.

Exposure: $24.9M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.38x non accrual, 139d median

New Mountain Finance Corp · lender Franklin BSP Capital Corp · lender ARES CAPITAL CORP · lender New Mountain Private Credit Fund · lender

Credit Attention / portfolio monitorSep 30, 2022 · seen 2 days ago

#2NewSignalPrivate creditCredit deterioration

Therapy Brands Holdings LLC: lender marks fell to 84 cents across 5 BDC lenders

State NEW at the 2024-12-31 quarter end, readable when the filing landed on 2026-02-04.

Exposure: $52.8M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.38x non accrual, 139d median

New Mountain Finance Corp · lender Franklin BSP Capital Corp · lender ARES CAPITAL CORP · lender New Mountain Private Credit Fund · lender

Credit Attention / portfolio monitorDec 31, 2024 · seen 2 days ago

#3NewSignalPrivate creditCredit deterioration

Therapy Brands Holdings LLC: lender marks fell to 78 cents across 5 BDC lenders

State NEW at the 2025-06-30 quarter end, readable when the filing landed on 2025-08-13.

Exposure: $46.8M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.38x non accrual, 139d median

New Mountain Finance Corp · lender Franklin BSP Capital Corp · lender ARES CAPITAL CORP · lender New Mountain Private Credit Fund · lender

Credit Attention / portfolio monitorJun 30, 2025 · seen 2 days ago

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Private Equityidentity

Therapy Brands

name equal multitoken · confidence 50% · family precision 100%

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Lenders: 9
BDCs: 4
Facilities: 5
Principal, latest: $47.5Mpieces as filed; a lower bound
Fair value, latest: $40.4M
Mark ratio: 86%fair value over cost, latest
Next maturity: May 1, 2028
First on a schedule: Dec 31, 2021
Last on a schedule: Jun 30, 2026

Facilities

one facility is one borrower, one kind and one lien; its size is the sum of the BDC pieces the tape can see, a lower bound, never the commitment

Kind	Lien	Size, lower bound	Fair value	Maturity	Maturity basis	Spread	PIK	Lenders	BDCs	Status	Last seen
Term loan	Second lien	$41.1M	$34.4M	May 1, 2029	Html schedule	0	n/a	3	4	Unknown	Jun 30, 2026
other	unknown	$5.9M	$5.5M	May 18, 2028	Html schedule	0	n/a	1	5	Unknown	Jun 30, 2026
Term loan	First lien	$481,000	$481,000	May 1, 2028	Html schedule	0	n/a	1	3	Unknown	Jun 30, 2026
Delayed draw	Second lien	n/a	n/a	n/a	n/a	n/a	n/a	2	2	Unknown	Dec 31, 2021
Delayed draw	First lien	n/a	n/a	n/a	n/a	n/a	n/a	2	2	Unknown	Dec 31, 2021

Lenders holding it now

each BDC's own pieces on its latest schedule, folded to one row per lender; every amount is that BDC's piece as filed, so a sum is a lower bound; 10 rows folded into 7

BDC	Pieces	Principal	Fair value	Unfunded	Nearest maturity	As of
ARES CAPITAL CORP	1	$29.1M	$22.4M	$0	May 1, 2029	Jun 30, 2026
New Mountain Finance Corp	2	$9.8M	$9.1M	$0	May 1, 2028	Jun 30, 2026
Franklin BSP Lending Corp	2	$8.9M	$8.9M	$0	May 18, 2028	Sep 30, 2023
New Mountain Private Credit Fund	2	$6.5M	$6.5M	$0	May 1, 2028	Jun 30, 2026
New Mountain Guardian III BDC, L.L.C.	1	$6.0M	$5.0M	$0	May 1, 2029	Sep 30, 2024
NMF SLF I, Inc.	1	$6.0M	$6.0M	$0	May 1, 2029	Jun 30, 2026
Franklin BSP Capital Corp	1	$5.9M	$5.5M	$0	May 18, 2028	Jun 30, 2026

Relationships

No published relationship touches this entity yet.

Dated events

17 bookkeeping events (roster, classification and holdings changes) folded below

Scheduled
May 18, 2028
Facility matures inside 24 months
Therapy Brands Holdings LLC other (unknown) matures 2028-05-18 (inside 24 months; $5.9M held by 5 BDCs)
BDC schedule of investments
$5.9M
Scheduled
May 1, 2028
Facility matures inside 24 months
Therapy Brands Holdings LLC term loan (first lien) matures 2028-05-18 (inside 24 months; $2.3M held by 3 BDCs)
BDC schedule of investments
$481,000
Occurred
Jun 30, 2026
Mark recovered
New Mountain Private Credit Fund: fair value recovery in Therapy Brands Holdings LLC (80 to 100 cents on cost)
BDC schedule of investmentsobserved 1 months ago
1.00300902708124 usd
Occurred
Jun 30, 2026
Maturity shortened
Franklin BSP Capital Corp: maturity shortened in Therapy Brands Holdings LLC (2029-05-18 to 2028-05-18)
BDC schedule of investmentsobserved 1 months ago
Occurred
Jun 30, 2026
Mark recovered
NMF SLF I, Inc.: fair value recovery in Therapy Brands Holdings LLC (85 to 100 cents on cost)
BDC schedule of investmentsobserved 1 months ago
1.00300902708124 usd
Occurred
Jun 30, 2026
Spread decreased
Franklin BSP Capital Corp: spread decreased in Therapy Brands Holdings LLC (6.75% to 4.00%)
BDC schedule of investmentsobserved 1 months ago
0.04 usd
Occurred
Mar 31, 2026
Mark recovered
NMF SLF I, Inc.: fair value recovery in Therapy Brands Holdings LLC (80 to 85 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.851864236749707 usd
Occurred
Mar 31, 2026
Mark recovered
New Mountain Private Credit Fund: fair value recovery in Therapy Brands Holdings LLC (80 to 85 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.851864236749707 usd
Occurred
Dec 31, 2025
Mark recovered
New Mountain Private Credit Fund: fair value recovery in Therapy Brands Holdings LLC (64 to 80 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.797457768857669 usd
Occurred
Dec 31, 2025
Mark recovered
NMF SLF I, Inc.: fair value recovery in Therapy Brands Holdings LLC (64 to 80 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.797157190635452 usd
Occurred
Dec 31, 2025
Mark recovered
Franklin BSP Capital Corp: fair value recovery in Therapy Brands Holdings LLC (75 to 86 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.860743064193391 usd
Occurred
Sep 30, 2025
BDC left a facility
Audax Credit BDC Inc. no longer holds Therapy Brands Holdings LLC term loan after 2025-09-30; 1 BDC(s) still hold it
BDC schedule of investments
$1.8M
Occurred
Jun 30, 2025
Marked down across lenders
Therapy Brands Holdings LLC term loan: marked from 86 to 81 cents on cost across 2 lender(s)
BDC schedule of investments
$35.1M
Occurred
Jun 30, 2025
Coupon changed
Therapy Brands Holdings LLC term loan: spread moved from 6.75% to 4.00%
BDC schedule of investments
$8.3M
Occurred
Jun 30, 2025
Marked down by a BDC
Franklin BSP Capital Corp: fair value markdown in Therapy Brands Holdings LLC (82 to 75 cents on cost)
BDC schedule of investmentsobserved 1.1 years ago
0.750715648854962 usd
Occurred
Jun 30, 2025
Mark recovered
New Mountain Private Credit Fund: fair value recovery in Therapy Brands Holdings LLC (66 to 109 cents on cost)
BDC schedule of investmentsobserved 1.1 years ago
1.08908045977011 usd
Occurred
Jun 30, 2025
Marked down by a BDC
ARES CAPITAL CORP: fair value markdown in Therapy Brands Holdings LLC (90 to 85 cents on cost)
BDC schedule of investmentsobserved 1.1 years ago
0.851724137931035 usd
Occurred
Jun 30, 2025
Spread decreased
New Mountain Private Credit Fund: spread decreased in Therapy Brands Holdings LLC (6.75% to 4.00%)
BDC schedule of investmentsobserved 1.1 years ago
0.04 usd
Occurred
Jun 30, 2025
Maturity shortened
New Mountain Private Credit Fund: maturity shortened in Therapy Brands Holdings LLC (2029-05-01 to 2028-05-01)
BDC schedule of investmentsobserved 1.1 years ago
Occurred
Jun 30, 2025
BDC left a facility
NMF SLF I, Inc. no longer holds Therapy Brands Holdings LLC term loan after 2025-06-30; 1 BDC(s) still hold it
BDC schedule of investments
$6.0M
Occurred
Mar 31, 2025
Marked down across lenders
Therapy Brands Holdings LLC term loan: marked from 82 to 73 cents on cost across 2 lender(s)
BDC schedule of investments
$7.8M
Occurred
Mar 31, 2025
Coupon changed
Therapy Brands Holdings LLC term loan: spread moved from 4.00% to 6.75%
BDC schedule of investments
$7.8M
Occurred
Mar 31, 2025
Marked down by a BDC
New Mountain Private Credit Fund: fair value markdown in Therapy Brands Holdings LLC (73 to 66 cents on cost)
BDC schedule of investmentsobserved 1.4 years ago
0.657965194109772 usd

Show 17 bookkeeping events

Occurred
Jun 30, 2026
Franklin BSP Capital Corp: principal decreased in Therapy Brands Holdings LLC ($5.9M principal)
Occurred
Mar 31, 2026
New Mountain Private Credit Fund: principal decreased in Therapy Brands Holdings LLC ($6.0M principal)
Occurred
Mar 31, 2026
New Mountain Private Credit Fund: principal decreased in Therapy Brands Holdings LLC ($.5M principal)
Occurred
Mar 31, 2026
Franklin BSP Capital Corp: principal decreased in Therapy Brands Holdings LLC ($12.5M principal)
Occurred
Dec 31, 2025
New Mountain Private Credit Fund: principal increased in Therapy Brands Holdings LLC ($12.0M principal)
Occurred
Dec 31, 2025
Franklin BSP Capital Corp: principal increased in Therapy Brands Holdings LLC ($18.5M principal)
Occurred
Dec 31, 2025
Audax Credit BDC Inc.: position exited in Therapy Brands Holdings LLC ($1.8M principal)
Occurred
Dec 31, 2025
New Mountain Private Credit Fund: principal increased in Therapy Brands Holdings LLC ($1.0M principal)
Occurred
Sep 30, 2025
Therapy Brands Holdings LLC term loan: marked from 71 to 100 cents on cost
Occurred
Sep 30, 2025
NMF SLF I, Inc.: new position in Therapy Brands Holdings LLC ($6.0M principal)
Occurred
Sep 30, 2025
NMF SLF I, Inc.: position exited in Therapy Brands Holdings LLC ($6.0M principal)
Occurred
Jun 30, 2025
NMF SLF I, Inc.: new position in Therapy Brands Holdings LLC ($6.0M principal)
Occurred
Jun 30, 2025
New Mountain Private Credit Fund: principal decreased in Therapy Brands Holdings LLC ($.5M principal)
Occurred
Jun 30, 2025
New Mountain Private Credit Fund: new position in Therapy Brands Holdings LLC ($6.0M principal)
Occurred
Jun 30, 2025
NMF SLF I, Inc.: position exited in Therapy Brands Holdings LLC ($6.0M principal)
Occurred
Mar 31, 2025
NMF SLF I, Inc.: principal decreased in Therapy Brands Holdings LLC ($6.0M principal)
Occurred
Mar 31, 2025
New Mountain Private Credit Fund: position exited in Therapy Brands Holdings LLC ($12.0M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:3da70497-af9d-2448-717a-4351dc0bace1
First observed: Dec 31, 2021
Last observed: Jun 30, 2026 2 months ago
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Therapy Brands Holdings LLC

Private Credit

Search this name across graphsid dfx:pc:3da70497-af9d-2448-717a-4351dc0bace1

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

Second lien

$41.1M

$34.4M

May 1, 2029

Html schedule

n/a

Unknown

Jun 30, 2026

other

unknown

$5.9M

$5.5M

May 18, 2028

Html schedule

n/a

Unknown

Jun 30, 2026

Term loan

First lien

$481,000

May 1, 2028

Html schedule

n/a

Unknown

Jun 30, 2026

Delayed draw

Second lien

n/a

Unknown

Dec 31, 2021

Delayed draw

First lien

n/a

Unknown

Dec 31, 2021

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

ARES CAPITAL CORP

$29.1M

$22.4M

May 1, 2029

Jun 30, 2026

New Mountain Finance Corp

$9.8M

$9.1M

May 1, 2028

Jun 30, 2026

Franklin BSP Lending Corp

$8.9M

May 18, 2028

Sep 30, 2023

New Mountain Private Credit Fund

$6.5M

May 1, 2028

Jun 30, 2026

New Mountain Guardian III BDC, L.L.C.

$6.0M

$5.0M

May 1, 2029

Sep 30, 2024

NMF SLF I, Inc.

$6.0M

May 1, 2029

Jun 30, 2026

Franklin BSP Capital Corp

$5.9M

$5.5M

May 18, 2028

Jun 30, 2026