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
Tgnl Purchaser LLC
Building Productsgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $32.3M
sum of BDC pieces, a lower bound
Fair value
$32.3M
101c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jun 25, 2031
no dated debt inside 24 months
On the tape since
Jun 30, 2025
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 |
|---|---|---|---|---|---|
| term loan lien unstated | at least $31.5M | 101c | SOFR+450 bp | Jun 25, 2031 | 2 |
| revolver lien unstated | at least $848,080 | 109c | SOFR+450 bp | Jun 25, 2031 | 2 |
| delayed draw term loan lien unstated exited Sep 30, 2025 | at least $826,657 | 100c | SOFR+500 bp | Jun 25, 2031 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Fidelity Private Credit Fund | revolver lien unstated Revolving Credit Facility Reference Rate and Spread SOFR + 4.50% Interest Rate 8.14% Matur | $848,080 | $848,080 109c | SOFR+450 bp |
| Fidelity Private Credit Fund | term loan lien unstated Term Loan Reference Rate and Spread SOFR + 4.50% Interest Rate 8.14% Maturity Date 6/25/20 | $31.5M | $31.5M 101c | SOFR+450 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 | 1 | $32.3M | $32.3M | 101c | 0 |
| Mar 31, 2026 | 2 | $32.4M | $32.4M | 101c | 0 |
| Dec 31, 2025 | 2 | $32.5M | $32.5M | 101c | 0 |
| Sep 30, 2025 | 2 | $32.6M | $32.1M | 100c | 0 |
| Jun 30, 2025 | 2 | $33.3M | $32.8M | 100c | 0 |
What changed
- Spread changed (observed)Dec 31, 2025
- Facility left every BDC scheduleSep 30, 2025
- New borrower on a BDC scheduleJun 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
- TGNL PURCHASERderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Building Productsreportedas one filer wrote it