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.
Borrower
WPEngine, Inc
group grade Aon a schedule nowsponsor unattributed
Principal held
at least $174M
sum of BDC pieces, a lower bound
Fair value
$169M
100c on cost, debt pieces
Unfunded
$16.5M
commitments not yet drawn
BDC lenders
10
8 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Aug 1, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2026
Events
7
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| revolver lien unstated | at least $148M | 99c | S+575 bp | Aug 14, 2029 | 2 |
| first lien term loan first lien | at least $24.6M | 101c | S+575 bp | Aug 14, 2029 | 8 |
| first lien revolver first lien | at least $1.6M | n/a | S+575 bp | Aug 14, 2029 | 1 |
| other lien unstated exited Sep 30, 2023 | at least $148M | 100c | S+650 bp | Aug 14, 2029 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Blackstone Private Credit Fund | revolver lien unstated Revolver | n/a | n/a | |
| Blackstone Private Credit Fund | revolver lien unstated Non-Affiliated Issuer | $81.4M | $79.5M 99c | S+575 bp |
| Blackstone Secured Lending Fund | revolver lien unstated Revolver | n/a | n/a | |
| Blackstone Secured Lending Fund | revolver lien unstated Non-Affiliated Issuer | $66.7M | $65.1M 99c | S+575 bp |
| Golub Capital BDC 4, Inc. | term loan first lien One stop 2 | $0 | $0 | |
| Golub Capital BDC 4, Inc. | term loan first lien One stop 1 | $1.1M | $1.1M 100c | S+575 bp |
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 1 | Non-Affiliated Issuer | $5.4M | $5.4M 99c | S+575 bp |
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 2 | Non-Affiliated Issuer | $0 | $0 | |
| GOLUB CAPITAL DIRECT LENDING CORP | term loan first lien One stop 1 | $443,000 | $439,000 100c | S+575 bp |
| GOLUB CAPITAL DIRECT LENDING CORP | term loan first lien One stop 2 | $0 | $0 | |
| Golub Capital Direct Lending Unlevered Corp | term loan first lien One stop 1 | $244,000 | $242,000 100c | S+575 bp |
| Golub Capital Direct Lending Unlevered Corp | term loan first lien One stop 2 | $0 | $0 | |
| Golub Capital Private Credit Fund | term loan first lien One stop 2 | $0 | $0 | |
| Golub Capital Private Credit Fund | term loan first lien One stop 1 | $953,000 | $943,000 100c | S+575 bp |
| Monroe Capital Income Plus Corp | revolver first lien Revolver) | Senior Secured Loans | $1.6M | $0 | S+575 bp |
| Monroe Capital Income Plus Corp | term loan first lien Senior Secured Loans | $16.5M | $16.5M 102c | S+575 bp |
| Monroe Capital Income Plus Corp | revolver first lien Revolver) | n/a | n/a |
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 | 8 | $174M | $169M | 100c | 0 |
| Mar 31, 2026 | 8 | $174M | $172M | 101c | 0 |
| Dec 31, 2025 | 8 | $174M | $172M | 102c | 0 |
| Sep 30, 2025 | 8 | $183M | $180M | 102c | 0 |
| Jun 30, 2025 | 8 | $174M | $172M | 102c | 0 |
| Mar 31, 2025 | 8 | $174M | $172M | 102c | 0 |
| Dec 31, 2024 | 8 | $341M | $337M | 102c | 0 |
| Sep 30, 2024 | 8 | $174M | $172M | 102c | 0 |
| Jun 30, 2024 | 8 | $174M | $172M | 103c | 0 |
| Mar 31, 2024 | 9 | $174M | $171M | 102c | 0 |
| Dec 31, 2023 | 9 | $211M | $202M | 101c | 0 |
| Sep 30, 2023 | 9 | $174M | $167M | 100c | 0 |
| Jun 30, 2023 | 1 | $55.2M | $54.6M | 99c | 0 |
| Mar 31, 2023 | 1 | $55.2M | $54.6M | 99c | 0 |
| Dec 31, 2022 | 1 | $40.5M | $40.1M | 100c | 0 |
| Sep 30, 2022 | 1 | $81.1M | $80.3M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Facility left every BDC scheduleSep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- Spread changed (observed)Jun 30, 2023
- Lender left a facilityJun 30, 2023
- Spread increasedJun 30, 2023
- New borrower on a BDC scheduleSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- WPENGINEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 10 BDCsderived