DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
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Borrower
S•••••• L•••• U••••• S••••• o• A•••••• W••••••• T••••• L••
Software & Services Rate S+5.50%, 1.00% Floor (1.00% on unfunded)group grade Aon a schedule nowsponsor unattributed
Principal held
at least $15.9M
sum of BDC pieces, a lower bound
Fair value
$13.8M
98c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Sep 20, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
3
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $13.6M | 98c | SOFR+550 bp | Sep 20, 2029 | 1 |
| first lien revolver first lien | at least $1.5M | n/a | SOFR+550 bp | Sep 20, 2029 | 1 |
| first lien delayed draw term loan first lien | at least $745,813 | 97c | SOFR+550 bp | Sep 20, 2029 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S••••• P•••• S•••••••• L•••••• F••• | revolver first lien 1st Lien Instrument 1st Lien Revolver Industry Software & Services Rate S+5.50%, 1.00% Flo | $1.5M | $-51,274 261c | SOFR+550 bp |
| S••••• P•••• S•••••••• L•••••• F••• | delayed draw term loan first lien 1st Lien Instrument 1st Lien Delayed Draw Term Loan Industry Software & Services Rate S+5. | $745,813 | $720,795 97c | SOFR+550 bp |
| S••••• P•••• S•••••••• L•••••• F••• | term loan first lien 1st Lien Instrument 1st Lien Term Loan Industry Software & Services Rate S+5.50%, 1.00% Fl | $13.6M | $13.2M 98c | SOFR+550 bp |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $15.9M | $13.8M | 98c | 0 |
| Mar 31, 2026 | 1 | $15.9M | $13.8M | 98c | 0 |
| Dec 31, 2025 | 1 | $16.3M | $14.3M | 101c | 0 |
| Sep 30, 2025 | 1 | $16.3M | $14.3M | 101c | 0 |
| Jun 30, 2025 | 1 | $16.4M | $14.4M | 101c | 0 |
| Mar 31, 2025 | 1 | $16.4M | $14.4M | 101c | 0 |
| Dec 31, 2024 | 1 | $32.9M | $27.3M | 101c | 0 |
| Sep 30, 2024 | 1 | $16.5M | $13.7M | 101c | 0 |
| Jun 30, 2024 | 1 | $13.2M | $11.7M | 100c | 0 |
| Mar 31, 2024 | 1 | $13.2M | $11.8M | 101c | 0 |
| Dec 31, 2023 | 1 | $13.2M | $11.6M | 100c | 0 |
What changed
- Spread changed (observed)Sep 30, 2024
- Spread changed (observed)Sep 30, 2024
- New borrower on a BDC scheduleDec 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SECURED LOANS UNITED STATES OF AMERICA WRANGLERderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Software & Services Rate S+5.50%, 1.00% Floor (1.00% on unfunded)reportedas one filer wrote it