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

G••• A••••••• P•••••••• L••

Commercial Services & Suppliesgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $183M
sum of BDC pieces, a lower bound
Fair value
$176M
97c on cost, debt pieces
Unfunded
$30.4M
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
7
0 equity pieces beside them
Next maturity
Jul 1, 2030
no dated debt inside 24 months
On the tape since
Jun 30, 2025
latest Jun 30, 2026
Events
4
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
other lien unstatedat least $121M97cS+475 bpJul 1, 20322
first lien term loan first lienat least $61.0M97cSOFR+475 bpJul 1, 20321
first lien revolver first lienat least $1.3M80cSOFR+475 bpJul 1, 20301
delayed draw term loan lien unstatedunknownn/aunstated3
first lien delayed draw term loan first lienunknownn/aSOFR+475 bpJul 1, 20301
revolver lien unstatedunknownn/aunstated3
term loan lien unstated
exited Jun 30, 2025
unknownn/aunstated2
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
B••••••••• P•••••• C••••• F•••unstated lien unstated
Non-Affiliated Issuer
$2.1M$1.7M
83c
S+475 bp
B••••••••• P•••••• C••••• F•••unstated lien unstated
Non-Affiliated Issuer
$98.7M$95.6M
98c
S+475 bp
B••••••••• P•••••• C••••• F•••delayed draw term loan lien unstated
Delayed Draw Term Loan
n/an/a
B••••••••• P•••••• C••••• F•••revolver lien unstated
Revolver
n/an/a
B••••••••• S•••••• L•••••• F•••unstated lien unstated
Non-Affiliated Issuer
$19.4M$18.8M
98c
S+475 bp
B••••••••• S•••••• L•••••• F•••revolver lien unstated
Revolver
n/an/a
B••••••••• S•••••• L•••••• F•••unstated lien unstated
Non-Affiliated Issuer
$417,000$328,000
83c
S+475 bp
B••••••••• S•••••• L•••••• F•••delayed draw term loan lien unstated
Delayed Draw Term Loan
n/an/a
D••••••• C••••• C•revolver first lien
First Lien Debt Revolving Line of Credit Interest Rate 8.42% Reference Rate SOFR Spread 4.
$1.3M$984,000
80c
SOFR+475 bp
D••••••• C••••• C•term loan first lien
First Lien Debt Term Loan Interest Rate 8.48% Reference Rate SOFR Spread 4.75% Acquisition
$61.0M$58.9M
97c
SOFR+475 bp
D••••••• C••••• C•delayed draw term loan first lien
Delayed Draw Term Loan
n/an/a
D••••••• C••••• C•revolver first lien
Revolving Line of Credit
n/an/a
D••••••• C••••• C•delayed draw term loan first lien
First Lien Debt Delayed Draw Term Loan Reference Rate SOFR Spread 4.75% Acquisition Date 7
n/a$-80,000
800c
SOFR+475 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20263$183M$176M97c0
Mar 31, 20263$182M$180M100c0
Dec 31, 20253$144M$143M100c0
Sep 30, 20253$145M$143M100c0
Jun 30, 20252$0$0n/a0
What changed
Every change including routine ones
Identity
Group key
GRID ALLIANCE PARTNERSderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 3 BDCsderived
Industry
Commercial Services & Suppliesreportedas one filer wrote it