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
Iconix Brand Group IBG Borrower LLC
Textiles, Apparel & Luxury Goodsgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $221M
sum of BDC pieces, a lower bound
Fair value
$217M
99c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Aug 22, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2022
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 $221M | 99c | SOFR+515 bp | Aug 22, 2031 | 2 |
Equity pieces beside the debt: other ($112M fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Apollo Debt Solutions BDC | term loan first lien Investment Type First Lien Secured Debt - Term Loan Interest Rate S+515, 1.00% Floor Matur | $142M | $139M 100c | //gwms.apollo.com/20260630#Canadian Overnight Repo Rate Average+515 bp |
| Apollo Debt Solutions BDC | term loan first lien Investment Type First Lien Secured Debt - Term Loan Interest Rate S+515, 1.00% Floor Matur | $70.5M | $69.2M 99c | SOFR+515 bp |
| MidCap Financial Investment Corp | term loan first lien First Lien Secured Debt - Term Loan SOFR+515, 1.00% Floor Maturity Date 08/22/31 | $5.7M | $5.6M 99c | SOFR+515 bp |
| MidCap Financial Investment Corp | term loan first lien First Lien Secured Debt - Term Loan SOFR+500, 1.00% Floor Maturity Date 08/22/31 | $3.4M | $3.3M 100c | SOFR+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 | 2 | $221M | $217M | 99c | 0 |
| Mar 31, 2026 | 2 | $223M | $217M | 99c | 0 |
| Dec 31, 2025 | 2 | $224M | $220M | 99c | 0 |
| Sep 30, 2025 | 2 | $142M | $141M | 100c | 0 |
| Jun 30, 2025 | 2 | $118M | $117M | 100c | 0 |
| Mar 31, 2025 | 2 | $119M | $118M | 100c | 0 |
| Dec 31, 2024 | 2 | $234M | $232M | 100c | 0 |
| Sep 30, 2024 | 2 | $121M | $119M | 100c | 0 |
| Jun 30, 2024 | 1 | $90.4M | $89.5M | 100c | 0 |
| Mar 31, 2024 | 1 | $77.8M | $77.0M | 101c | 0 |
| Dec 31, 2023 | 1 | $78.3M | $77.5M | 101c | 0 |
| Sep 30, 2023 | 1 | $42.0M | $41.5M | 101c | 0 |
| Jun 30, 2023 | 1 | $42.3M | $41.4M | 100c | 0 |
| Mar 31, 2023 | 1 | $42.5M | $41.7M | n/a | 0 |
| Dec 31, 2022 | 1 | $42.8M | $42.0M | 100c | 0 |
What changed
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Spread changed (observed)Jun 30, 2025
- Spread changed (observed)Mar 31, 2025
- New lender joined a facilitySep 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- ICONIX BRAND IBGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Textiles, Apparel & Luxury Goodsreportedas one filer wrote it