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
D•••• B•••• L••••••
Services: Businessgroup grade Aon a schedule nowsponsor unattributed
Also written as: RL D•••• Holdings, Inc; RLD••••
Principal held
at least $217M
sum of BDC pieces, a lower bound
Fair value
$214M
101c on cost, debt pieces
Unfunded
$47.1M
commitments not yet drawn
BDC lenders
11
6 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Oct 1, 2030
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Jun 30, 2026
Events
12
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 $217M | 101c | SOFR+500 bp | Apr 30, 2031 | 10 |
| first lien delayed draw term loan first lien | unknown | n/a | Apr 30, 2031 | 1 | |
| other lien unstated | unknown | n/a | unstated | 2 | |
| first lien revolver first lien | unknown | n/a | Oct 30, 2030 | 3 | |
| term loan lien unstated exited Dec 31, 2022 | at least $53.8M | 87c | S+450 bp | Apr 1, 2025 | 1 |
| second lien term loan second lien exited Mar 31, 2024 | at least $38.7M | 93c | S+775 bp | Apr 27, 2026 | 8 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien First lien senior secured loan 1 | $56.2M | $55.7M 105c | S+500 bp |
| A••• C•••••• C••• | unstated lien unstated | n/a | n/a | |
| A••• C•••••• C••• | term loan first lien First lien senior secured loan | $105M | $104M 99c | S+500 bp |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien First Lien Senior Secured Loan SOFR Floor 0.50 Spread 5.00% Interest Rate 8.73% Maturity D | $5.1M | $5.1M 101c | SOFR+500 bp |
| B••• C•••••• S•••••••• F••••••• I••• | revolver first lien First Lien Senior Secured Loan - Revolver Maturity Date 10/30/2030 | n/a | n/a n/a | |
| B••• C•••••• S•••••••• F••••••• I••• | delayed draw term loan first lien First Lien Senior Secured Loan - Delayed Draw Maturity Date 4/30/2031 | n/a | n/a n/a | |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 4 | $0 | $-15,000 125c | |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 3 | $5.0M | $4.9M 100c | S+500 bp |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 1 | $3.0M | $3.0M 105c | S+500 bp |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 2 | $0 | $-17,000 213c | |
| G•••• C•••••• B••• I••• | term loan first lien One stop 4 | Non-Affiliated Issuer | $0 | $-2,000 100c | |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | Non-Affiliated Issuer | $474,000 | $467,000 104c | S+500 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 3 | Non-Affiliated Issuer | $0 | $-3,000 300c | |
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | Non-Affiliated Issuer | $771,000 | $761,000 100c | S+500 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 4 | $0 | $-7,000 117c | |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 1 | $1.5M | $1.5M 105c | S+500 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 2 | $0 | $-8,000 267c | |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 3 | $2.5M | $2.4M 100c | S+500 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 3 | $0 | $-79,000 219c | |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 4 | $0 | $-69,000 128c | |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 2 | $14.3M | $14.1M 105c | S+500 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 1 | $23.3M | $22.9M 100c | S+500 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 | 6 | $217M | $214M | 101c | 0 |
| Mar 31, 2026 | 6 | $217M | $214M | 101c | 0 |
| Dec 31, 2025 | 6 | $230M | $230M | 103c | 0 |
| Sep 30, 2025 | 6 | $281M | $281M | 103c | 0 |
| Jun 30, 2025 | 6 | $237M | $237M | 104c | 0 |
| Mar 31, 2025 | 6 | $226M | $226M | 102c | 0 |
| Dec 31, 2024 | 6 | $228M | $227M | 100c | 0 |
| Sep 30, 2024 | 6 | $235M | $231M | 101c | 0 |
| Jun 30, 2024 | 6 | $239M | $236M | 99c | 0 |
| Mar 31, 2024 | 9 | $156M | $161M | 94c | 0 |
| Dec 31, 2023 | 9 | $159M | $163M | 95c | 0 |
| Sep 30, 2023 | 8 | $132M | $132M | 90c | 0 |
| Jun 30, 2023 | 8 | $138M | $135M | 92c | 0 |
| Mar 31, 2023 | 8 | $134M | $130M | 89c | 0 |
| Dec 31, 2022 | 6 | $92.2M | $89.6M | 88c | 0 |
| Sep 30, 2022 | 5 | $154M | $146M | 79c | 0 |
| Dec 31, 2021 | 2 | $325,000 | $352,000 | 139c | 0 |
| Sep 30, 2021 | 1 | $82.3M | $79.6M | 99c | 0 |
What changed
- Lender left a facilityJun 30, 2025
- New lender joined a facilityDec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- Mark recoveredJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Spread changed (observed)Jun 30, 2024
- New lender joined a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- New lender joined a facilityJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Facility left every BDC scheduleMar 31, 2024
- Lender left a facilityMar 31, 2024
- Lender left a facilityMar 31, 2024
- Lender left a facilityMar 31, 2024
- Lender left a facilityMar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Maturity shortened (observed)Jun 30, 2023
- Lender left a facilityJun 30, 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
- DATIX #UKderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 11 BDCsderived
- Industry
- Services: Businessreportedas one filer wrote it