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Private creditBorrowerindustrialsaunknown

H.W. Lochner, Inc

Private Credit

Search this name across graphsid dfx:pc:8bbf3644-2123-85b5-f75c-295e59c6f10e

Data as of Jun 30, 2025 (this record's last observation) from The BDC tape; Adviser-reported credit funds; Deal parties; Pending. Page built Sep 21, 2026, 5:13 PM UTC and rebuilt at most every 15 minutes.

Relationships: 0
Dated events: 40
On other graphs: 0
Observed: Dec 31, 2021 to Jun 30, 2025
10 observations

Right now

one signal names this record (all private credit signals)

#1NewSignalPrivate creditCredit deterioration

H.W. Lochner, Inc: lender marks fell to 101 cents across 4 BDC lenders

State NEW at the 2023-09-30 quarter end, readable when the filing landed on 2023-11-09.

Exposure: $19.6M 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

BC Partners Lending Corp · lender CION Investment Corp · lender BCP Investment Corp · lender Lafayette Square USA, Inc. · lender

Credit Attention / portfolio monitorSep 30, 2023 · seen 4 days ago

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

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

Lenders: 5
BDCs: 4
Facilities: 3
Principal, latest: $51.8Mpieces as filed; a lower bound
Fair value, latest: $59.4M
Mark ratio: 101%fair value over cost, latest
Next maturity: Jul 2, 2027
First on a schedule: Dec 31, 2021
Last on a schedule: Jun 30, 2025

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	First lien	$51.8M	$59.4M	Jul 2, 2027	Html schedule	0	n/a	4	5	Unknown	Jun 30, 2025
revolver	First lien	$8.0M	$7.9M	Jul 2, 2027	Xbrl fact	0	n/a	1	1	Unknown	Sep 30, 2024
other	unknown	n/a	n/a	n/a	n/a	n/a	n/a	1	1	Unknown	Dec 31, 2024

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

BDC	Pieces	Principal	Fair value	Unfunded	Nearest maturity	As of
Logan Ridge Finance Corp.	1	$2.5M	$2.5M	$0	Jul 2, 2027	Mar 31, 2025

Relationships

No published relationship touches this entity yet.

Dated events

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

Occurred
Jun 30, 2025
Borrower left every BDC schedule
H.W. Lochner, Inc term loan (first lien) left every BDC schedule after 2025-06-30 (3 lenders, $30.2M last held)
BDC schedule of investments
$30.2M
Occurred
Dec 31, 2024
Coupon changed
H.W. Lochner, Inc term loan: spread moved from 6.75% to 6.25%
BDC schedule of investments
$56.1M
Occurred
Dec 31, 2024
Spread decreased
Logan Ridge Finance Corp.: spread decreased in H.W. Lochner, Inc (6.75% to 6.25%)
BDC schedule of investmentsobserved 1.4 years ago
0.0625 usd
Occurred
Dec 31, 2024
Spread decreased
CION Investment Corp: spread decreased in H.W. Lochner, Inc (6.75% to 6.25%)
BDC schedule of investmentsobserved 6 months ago
0.0625 usd
Occurred
Dec 31, 2024
Spread decreased
Lafayette Square USA, Inc.: spread decreased in H.W. Lochner, Inc (6.75% to 6.25%)
BDC schedule of investmentsobserved 6 months ago
0.0625 usd
Occurred
Sep 30, 2024
Borrower left every BDC schedule
H.W. Lochner, Inc revolver (first lien) left every BDC schedule after 2024-09-30 (1 lender, $8.0M last held)
BDC schedule of investments
$8.0M
Occurred
Mar 31, 2024
Coupon changed
H.W. Lochner, Inc term loan: spread moved from 6.25% to 6.75%
BDC schedule of investments
$28.8M
Occurred
Dec 31, 2023
Coupon changed
H.W. Lochner, Inc term loan: spread moved from 6.75% to 6.25%
BDC schedule of investments
$43.5M
Occurred
Dec 31, 2023
BDC joined a facility
BCP Investment Corp joins H.W. Lochner, Inc term loan (first lien) held by 4 other BDCs
BDC schedule of investments
$17.4M
Occurred
Sep 30, 2023
Spread increased
BC Partners Lending Corp: spread increased in H.W. Lochner, Inc (5.75% to 6.75%)
BDC schedule of investmentsobserved 2.9 years ago
0.0675 usd
Occurred
Jun 30, 2023
Coupon changed
H.W. Lochner, Inc term loan: spread moved from 5.75% to 6.75%
BDC schedule of investments
$23.1M
Occurred
Jun 30, 2023
BDC joined a facility
Logan Ridge Finance Corp. joins H.W. Lochner, Inc term loan (first lien) held by 3 other BDCs
BDC schedule of investments
$2.5M
Occurred
Mar 31, 2023
BDC joined a facility
Lafayette Square USA, Inc. joins H.W. Lochner, Inc term loan (first lien) held by 2 other BDCs
BDC schedule of investments

Show 27 bookkeeping events

Occurred
Sep 30, 2025
CION Investment Corp: position exited in H.W. Lochner, Inc ($27.3M principal)
Occurred
Sep 30, 2025
BCP Investment Corp: position exited in H.W. Lochner, Inc ($17.4M principal)
Occurred
Sep 30, 2025
BC Partners Lending Corp: position exited in H.W. Lochner, Inc ($2.9M principal)
Occurred
Sep 30, 2025
Lafayette Square USA, Inc.: position exited in H.W. Lochner, Inc
Occurred
Mar 31, 2025
BC Partners Lending Corp: principal decreased in H.W. Lochner, Inc ($7.1M principal)
Occurred
Mar 31, 2025
Logan Ridge Finance Corp.: principal increased in H.W. Lochner, Inc ($2.5M principal)
Occurred
Mar 31, 2025
BCP Investment Corp: principal decreased in H.W. Lochner, Inc ($17.5M principal)
Occurred
Mar 31, 2025
CION Investment Corp: principal increased in H.W. Lochner, Inc ($27.4M principal)
Occurred
Mar 31, 2025
CION Investment Corp: position exited in H.W. Lochner, Inc
Occurred
Dec 31, 2024
BC Partners Lending Corp: principal increased in H.W. Lochner, Inc ($8.7M principal)
Occurred
Dec 31, 2024
BCP Investment Corp: principal increased in H.W. Lochner, Inc ($29.0M principal)
Occurred
Dec 31, 2024
Logan Ridge Finance Corp.: principal increased in H.W. Lochner, Inc ($1.8M principal)
Occurred
Dec 31, 2024
BCP Investment Corp: position exited in H.W. Lochner, Inc ($8.0M principal)
Occurred
Dec 31, 2024
CION Investment Corp: principal decreased in H.W. Lochner, Inc ($21.4M principal)
Occurred
Jun 30, 2024
BCP Investment Corp: new position in H.W. Lochner, Inc ($14.6M principal)
Occurred
Jun 30, 2024
BCP Investment Corp: new position in H.W. Lochner, Inc ($8.0M principal)
Occurred
Mar 31, 2024
BCP Investment Corp: position exited in H.W. Lochner, Inc ($3.9M principal)
Occurred
Mar 31, 2024
BCP Investment Corp: position exited in H.W. Lochner, Inc ($14.7M principal)
Occurred
Dec 31, 2023
BCP Investment Corp: new position in H.W. Lochner, Inc ($14.7M principal)
Occurred
Dec 31, 2023
BCP Investment Corp: new position in H.W. Lochner, Inc ($3.9M principal)
Occurred
Dec 31, 2023
CION Investment Corp: principal increased in H.W. Lochner, Inc ($23.6M principal)
Occurred
Sep 30, 2023
BC Partners Lending Corp: principal increased in H.W. Lochner, Inc ($4.3M principal)
Occurred
Jun 30, 2023
Logan Ridge Finance Corp.: new position in H.W. Lochner, Inc ($.9M principal)
Occurred
Jun 30, 2023
BC Partners Lending Corp: principal increased in H.W. Lochner, Inc ($2.9M principal)
Occurred
Jun 30, 2023
CION Investment Corp: principal increased in H.W. Lochner, Inc ($20.2M principal)
Occurred
Mar 31, 2023
Lafayette Square USA, Inc.: new position in H.W. Lochner, Inc
Occurred
Mar 31, 2023
BC Partners Lending Corp: principal decreased in H.W. Lochner, Inc ($.0M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:8bbf3644-2123-85b5-f75c-295e59c6f10e
First observed: Dec 31, 2021
Last observed: Jun 30, 2025 14 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.

H.W. Lochner, Inc

Private Credit

Search this name across graphsid dfx:pc:8bbf3644-2123-85b5-f75c-295e59c6f10e

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

First lien

$51.8M

$59.4M

Jul 2, 2027

Html schedule

n/a

Unknown

Jun 30, 2025

revolver

First lien

$8.0M

$7.9M

Jul 2, 2027

Xbrl fact

n/a

Unknown

Sep 30, 2024

other

unknown

n/a

Unknown

Dec 31, 2024

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

Logan Ridge Finance Corp.

$2.5M

Jul 2, 2027

Mar 31, 2025