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Private creditBorrowerdiversified consumer servicesaunknown

Whele, LLC

Private Credit

Search this name across graphsid dfx:pc:d8860463-b421-44d5-9b72-324d96cd075a

Data as of Mar 31, 2024 (this record's last observation) from The BDC tape; Adviser-reported credit funds; Deal parties; Pending. Page built Sep 21, 2026, 5:09 AM UTC and rebuilt at most every 15 minutes.

Relationships: 0
Dated events: 27
On other graphs: 0
Observed: Dec 31, 2022 to Mar 31, 2024
2 observations

Right now

3 signals name this record (all private credit signals)

#1IntensifiedSignalPrivate creditCredit deterioration (intensified)

Whele, LLC: lender marks fell to 76 cents across 3 BDC lenders, second consecutive quarter

State INTENSIFIED at the 2023-09-30 quarter end, readable when the filing landed on 2023-11-08.

Exposure: $28.7M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.53x non accrual, 138d median

BlackRock TCP Capital Corp. · lender BlackRock Direct Lending Corp. · lender BlackRock Capital Investment Corp · lender

Credit Attention / portfolio monitorSep 30, 2023 · seen 3 days ago

#2IntensifiedSignalPrivate creditCredit deterioration (intensified)

Whele, LLC: lender marks fell to 68 cents across 3 BDC lenders, second consecutive quarter

State INTENSIFIED at the 2023-12-31 quarter end, readable when the filing landed on 2025-02-27.

Exposure: $28.7M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.53x non accrual, 138d median

BlackRock TCP Capital Corp. · lender BlackRock Direct Lending Corp. · lender BlackRock Capital Investment Corp · lender

Credit Attention / portfolio monitorDec 31, 2023 · seen 3 days ago

#3NewSignalPrivate creditCredit deterioration

Whele, LLC: lender marks fell to 83 cents across 3 BDC lenders

State NEW at the 2023-06-30 quarter end, readable when the filing landed on 2023-08-03.

Exposure: $26.0M 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

BlackRock TCP Capital Corp. · lender BlackRock Direct Lending Corp. · lender BlackRock Capital Investment Corp · lender

Credit Attention / portfolio monitorJun 30, 2023 · seen 3 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: 3
BDCs: 1
Facilities: 2
First on a schedule: Dec 31, 2022
Last on a schedule: Mar 31, 2024

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	$31.3M	$21.3M	Oct 15, 2025	Xbrl fact	n/a	0	3	3	Unknown	Dec 31, 2023
Common equity	equity	n/a	n/a	Dec 31, 1899	Xbrl fact	n/a	n/a	1	1	Unknown	Mar 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
BlackRock Capital Investment Corp	1	$6.5M	$4.4M	$0	Oct 15, 2025	Dec 31, 2023

Relationships

No published relationship touches this entity yet.

Dated events

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

Occurred
Dec 31, 2023
Marked down across lenders
Whele, LLC term loan: marked from 76 to 68 cents on cost across 3 lender(s)
BDC schedule of investments
$31.3M
Occurred
Dec 31, 2023
Borrower left every BDC schedule
Whele, LLC term loan (first lien) left every BDC schedule after 2023-12-31 (3 lenders, $31.3M last held)
BDC schedule of investments
$31.3M
Occurred
Dec 31, 2023
Marked down by a BDC
BlackRock Capital Investment Corp: fair value markdown in Whele, LLC (76 to 68 cents on cost)
BDC schedule of investmentsobserved 2.5 years ago
0.676795011809348 usd
Occurred
Dec 31, 2023
BDC left a facility
BlackRock Direct Lending Corp. no longer holds Whele, LLC term loan after 2023-12-31; 1 BDC(s) still hold it
BDC schedule of investments
$5.4M
Occurred
Dec 31, 2023
Marked down by a BDC
BlackRock Direct Lending Corp.: fair value markdown in Whele, LLC (76 to 68 cents on cost)
BDC schedule of investmentsobserved 1.6 years ago
0.676794912205885 usd
Occurred
Dec 31, 2023
PIK interest added
BlackRock Capital Investment Corp: pik added in Whele, LLC (0.00% to 11.50%)
BDC schedule of investmentsobserved 2.5 years ago
0.115 usd
Occurred
Dec 31, 2023
BDC left a facility
BlackRock TCP Capital Corp. no longer holds Whele, LLC term loan after 2023-12-31; 1 BDC(s) still hold it
BDC schedule of investments
$19.4M
Occurred
Dec 31, 2023
Marked down by a BDC
BlackRock TCP Capital Corp.: fair value markdown in Whele, LLC (76 to 68 cents on cost)
BDC schedule of investmentsobserved 1.6 years ago
0.677616765953852 usd
Occurred
Sep 30, 2023
Marked down across lenders
Whele, LLC term loan: marked from 92 to 76 cents on cost across 3 lender(s)
BDC schedule of investments
$28.6M
Occurred
Sep 30, 2023
PIK interest increased
Whele, LLC term loan: PIK interest rose from 3.00% to 11.50%
BDC schedule of investments
$28.6M
Occurred
Sep 30, 2023
PIK interest increased
BlackRock Direct Lending Corp.: pik increased in Whele, LLC (3.00% to 11.50%)
BDC schedule of investmentsobserved 2.9 years ago
0.115 usd
Occurred
Sep 30, 2023
Marked down by a BDC
BlackRock TCP Capital Corp.: fair value markdown in Whele, LLC (83 to 76 cents on cost)
BDC schedule of investmentsobserved 2.9 years ago
0.763278810052603 usd
Occurred
Sep 30, 2023
Marked down by a BDC
BlackRock Capital Investment Corp: fair value markdown in Whele, LLC (83 to 76 cents on cost)
BDC schedule of investmentsobserved 2.9 years ago
0.763278821183988 usd
Occurred
Sep 30, 2023
PIK interest increased
BlackRock TCP Capital Corp.: pik increased in Whele, LLC (3.00% to 11.50%)
BDC schedule of investmentsobserved 2.9 years ago
0.115 usd
Occurred
Jun 30, 2023
Marked down across lenders
Whele, LLC term loan: marked from 99 to 92 cents on cost across 3 lender(s)
BDC schedule of investments
$28.6M
Occurred
Jun 30, 2023
Marked down by a BDC
BlackRock Capital Investment Corp: fair value markdown in Whele, LLC (90 to 83 cents on cost)
BDC schedule of investmentsobserved 3.1 years ago
0.833368853716088 usd
Occurred
Jun 30, 2023
Marked down by a BDC
BlackRock TCP Capital Corp.: fair value markdown in Whele, LLC (90 to 83 cents on cost)
BDC schedule of investmentsobserved 3.1 years ago
0.833368876562446 usd
Occurred
Dec 31, 2022
Borrower first appears on a BDC schedule
Whele, LLC first appears in a BDC schedule (3 lenders)
BlackRock TCP Capital Corp.BDC schedule of investmentsobserved 3.4 years ago
$37.8M

Show 9 bookkeeping events

Occurred
Jun 30, 2024
BlackRock Direct Lending Corp.: position exited in Whele, LLC
Occurred
Mar 31, 2024
BlackRock TCP Capital Corp.: position exited in Whele, LLC ($19.4M principal)
Occurred
Mar 31, 2024
BlackRock Direct Lending Corp.: new position in Whele, LLC
Occurred
Mar 31, 2024
BlackRock Direct Lending Corp.: position exited in Whele, LLC ($5.4M principal)
Occurred
Dec 31, 2023
BlackRock Direct Lending Corp.: principal increased in Whele, LLC ($5.4M principal)
Occurred
Mar 31, 2023
BlackRock Direct Lending Corp.: principal decreased in Whele, LLC ($2.7M principal)
Occurred
Mar 31, 2023
BlackRock Capital Investment Corp: principal decreased in Whele, LLC ($6.5M principal)
Occurred
Dec 31, 2022
BlackRock TCP Capital Corp.: new position in Whele, LLC ($19.4M principal)
Occurred
Dec 31, 2022
BlackRock Capital Investment Corp: new position in Whele, LLC ($13.1M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:d8860463-b421-44d5-9b72-324d96cd075a
First observed: Dec 31, 2022
Last observed: Mar 31, 2024 30 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.

Whele, LLC

Private Credit

Search this name across graphsid dfx:pc:d8860463-b421-44d5-9b72-324d96cd075a

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

First lien

$31.3M

$21.3M

Oct 15, 2025

Xbrl fact

n/a

Unknown

Dec 31, 2023

Common equity

equity

n/a

Dec 31, 1899

Xbrl fact

n/a

Unknown

Mar 31, 2024

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

BlackRock Capital Investment Corp

$6.5M

$4.4M

Oct 15, 2025

Dec 31, 2023