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
London Buyer, LLC
Advertisinggroup grade Aon a schedule nowsponsor unattributed
Also written as: Advertising
Principal held
at least $125M
sum of BDC pieces, a lower bound
Fair value
$124M
100c on cost, debt pieces
Unfunded
$32.9M
commitments not yet drawn
BDC lenders
8
8 on the latest quarter
Facilities
5
1 equity pieces beside them
Next maturity
Jun 24, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2025
latest Jun 30, 2026
Events
2
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 $125M | 100c | SOFR+500 bp | Jun 24, 2033 | 8 |
| first lien revolver first lien | at least $0 | n/a | SOFR+500 bp | Jun 24, 2033 | 5 |
| revolver lien unstated | at least $0 | n/a | S+500 bp | unstated | 3 |
| first lien delayed draw term loan first lien | at least $0 | n/a | SOFR+500 bp | Jun 30, 2028 | 2 |
| delayed draw term loan lien unstated | unknown | n/a | unstated | 3 |
Equity pieces beside the debt: other (n/a fair value, 3 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Barings BDC, Inc. | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| Barings BDC, Inc. | revolver lien unstated Revolver | $0 | $-22,000 100c | S+500 bp |
| Barings BDC, Inc. | term loan first lien First Lien Senior Secured Term Loan | $11.5M | $11.4M 100c | S+500 bp |
| Barings Capital Investment Corp | revolver lien unstated Revolver | $0 | $-4,000 100c | S+500 bp |
| Barings Capital Investment Corp | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| Barings Capital Investment Corp | term loan first lien First Lien Senior Secured Term Loan | $1.9M | $1.9M 100c | S+500 bp |
| Barings Private Credit Corp | revolver lien unstated Revolver | $0 | $-30,000 100c | S+500 bp |
| Barings Private Credit Corp | term loan first lien First Lien Senior Secured Term Loan | $15.3M | $15.1M 100c | S+500 bp |
| Barings Private Credit Corp | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| Oaktree Gardens OLP, LLC | unstated lien unstated | n/a | n/a | |
| Oaktree Gardens OLP, LLC | term loan first lien First Lien Term Loan 1 | $19.6M | $19.4M 100c | S+500 bp |
| Oaktree Gardens OLP, LLC | revolver first lien First Lien Revolver | $0 | $-33,000 100c | S+500 bp |
| Oaktree Gardens OLP, LLC | term loan first lien First Lien Term Loan 2 | $0 | $-11,000 100c | S+500 bp |
| Oaktree Specialty Lending Corp | unstated lien unstated | n/a | n/a | |
| Oaktree Specialty Lending Corp | term loan first lien First Lien Term Loan 1 | $16.4M | $16.2M 100c | S+500 bp |
| Oaktree Specialty Lending Corp | term loan first lien First Lien Term Loan 2 | $0 | $-9,000 100c | S+500 bp |
| Oaktree Specialty Lending Corp | revolver first lien First Lien Revolver | $0 | $-27,000 100c | S+500 bp |
| Oaktree Strategic Credit Fund | term loan first lien First Lien Term Loan 1 | $0 | $-24,000 100c | S+500 bp |
| Oaktree Strategic Credit Fund | term loan first lien First Lien Term Loan 2 | $43.0M | $42.6M 100c | S+500 bp |
| Oaktree Strategic Credit Fund | unstated lien unstated | n/a | n/a | |
| Oaktree Strategic Credit Fund | revolver first lien First Lien Revolver | $0 | $-72,000 100c | S+500 bp |
| Stone Point Credit Corp | delayed draw term loan first lien First Lien Delayed Draw Term Loan, Due 6/30/2028 | n/a | $-11,000 183c | SOFR+500 bp |
| Stone Point Credit Corp | revolver first lien First Lien Revolving Loan, Due 6/24/2033 | n/a | $-18,000 100c | SOFR+500 bp |
| Stone Point Credit Corp | term loan first lien First Lien Term Loan, Due 6/24/2033 | $10.2M | $10.1M 100c | SOFR+500 bp |
| Stone Point Credit Income Fund | delayed draw term loan first lien First Lien Delayed Draw Term Loan | $0 | $-8,317 201c | S+500 bp |
| Stone Point Credit Income Fund | term loan first lien First Lien Term Loan | $7.5M | $7.4M 100c | S+500 bp |
| Stone Point Credit Income Fund | revolver first lien First Lien Revolving Loan | n/a | n/a | |
| Stone Point Credit Income Fund | revolver first lien First Lien Revolver | $0 | $-12,976 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 | 8 | $125M | $124M | 100c | 0 |
| Dec 31, 2025 | 4 | $0 | $0 | n/a | 0 |
| Sep 30, 2025 | 3 | $0 | $0 | n/a | 0 |
What changed
- Maturity approachingJun 30, 2028
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleSep 30, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- LONDONderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 8 BDCsderived
- Industry
- Advertisingreportedas one filer wrote it