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

H••••••••• M••••••••• L••

Oil, Gas & Consumable Fuelsgroup grade Aon a schedule nowsponsor unattributed
Also written as: LLC Bridge
Principal held
at least $54.8M
sum of BDC pieces, a lower bound
Fair value
$52.7M
99c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Apr 30, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2025
latest Jun 30, 2026
Events
4
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
term loan lien unstatedat least $46.5M99cSOFR+1100 bpApr 30, 20313
delayed draw term loan lien unstatedat least $7.3M97cSOFR+1100 bpApr 30, 20313
revolver lien unstatedat least $974,35796cSOFR+1050 bpApr 30, 20313
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
T•• D••••• L•••••• V••• L••delayed draw term loan lien unstated
Delayed Draw Term Loan - 14.91%
n/an/a
T•• D••••• L•••••• V••• L••term loan lien unstated
Acquisition Date 04/30/26 Term Loan - 14.93% inc PIK (SOFR + 11.00%, 2.50% Floor, all PIK)
$18.1M$17.4M
99c
SOFR+1100 bp
T•• D••••• L•••••• V••• L••term loan lien unstated
Acquisition Date 04/30/26 Bridge Term Loan - 14.43% (SOFR + 10.50%, 2.50% Floor) Net Asset
$1.4M$1.3M
101c
SOFR+1050 bp
T•• D••••• L•••••• V••• L••term loan lien unstated
Term Loan - 14.43%
n/an/a
T•• D••••• L•••••• V••• L••delayed draw term loan lien unstated
Acquisition Date 04/30/26 Delayed Draw Term Loan - 14.91% inc PIK (SOFR + 11.00%, 2.50% Fl
$3.1M$2.9M
97c
SOFR+1100 bp
T•• D••••• L•••••• V••• L••term loan lien unstated
Term Loan - 14.93%
n/an/a
T•• D••••• L•••••• V••• L••revolver lien unstated
Acquisition Date 04/30/26 Revolver - 14.43% (SOFR + 10.50%, 2.50% Floor) Net Assets 0.1% M
$407,265$391,382
96c
SOFR+1050 bp
T•• D••••• L•••••• V••• L••revolver lien unstated
Revolver - 14.43%
n/an/a
T•• S•••••••• L•••••• L••delayed draw term loan lien unstated
Delayed Draw Term Loan - 14.91%
n/an/a14.91%
T•• S•••••••• L•••••• L••revolver lien unstated
Revolver - 14.43%
n/an/a14.43%
T•• S•••••••• L•••••• L••term loan lien unstated
Acquisition Date 04/30/26 Bridge Term Loan - 14.43% inc PIK (SOFR + 10.50%, 2.50% Floor, a
$1.4M$1.4M
101c
SOFR+1050 bp
T•• S•••••••• L•••••• L••term loan lien unstated
Term Loan - 14.43%
n/an/a
T•• S•••••••• L•••••• L••term loan lien unstated
Acquisition Date 04/30/26 Term Loan - 14.93% inc PIK (SOFR + 11.00%, 2.50% Floor, all PIK)
$18.9M$18.1M
99c
SOFR+1100 bp
T•• S•••••••• L•••••• L••term loan lien unstated
Term Loan - 14.43%
n/an/a14.43%
T•• S•••••••• L•••••• L••delayed draw term loan lien unstated
Acquisition Date 04/30/26 Delayed Draw Term Loan - 14.91% inc PIK (SOFR + 11.00%, 2.50% Fl
$3.2M$3.1M
97c
SOFR+1100 bp
T•• S•••••••• L•••••• L••revolver lien unstated
Acquisition Date 04/30/26 Revolver - 14.43% inc PIK (SOFR + 10.50%, 2.50% Floor, all PIK)
$424,603$408,043
96c
SOFR+1050 bp
T•• S•••••••• L•••••• L••term loan lien unstated
Term Loan - 14.94%
n/an/a
T•• S•••••••• L•••••• L••delayed draw term loan lien unstated
Delayed Draw Term Loan - 14.91%
n/an/a
T•• S•••••••• L•••••• L••revolver lien unstated
Revolver - 14.43%
n/an/a
T•• S•••••••• L•••••• L••term loan lien unstated
Term Loan - 14.94%
n/an/a14.94%
T•• S••• D••••• L•••••• L••revolver lien unstated
Acquisition Date 04/30/26 Investment Revolver - 14.43% (SOFR + 10.50%, 2.50% Floor) % of N
$142,489$136,932
96c
SOFR+1050 bp
T•• S••• D••••• L•••••• L••delayed draw term loan lien unstated
Acquisition Date 04/30/26 Investment Delayed Draw Term Loan - 14.91% inc PIK (SOFR + 11.00
$1.1M$1.0M
97c
SOFR+1100 bp
T•• S••• D••••• L•••••• L••term loan lien unstated
Acquisition Date 04/30/26 Investment Term Loan - 14.93% inc PIK (SOFR + 11.00%, 2.50% Floo
$6.3M$6.1M
99c
SOFR+1100 bp
T•• S••• D••••• L•••••• L••term loan lien unstated
Acquisition Date 04/30/26 Investment Bridge Term Loan - 14.43% (SOFR + 10.50%, 2.50% Floor
$474,963$471,164
101c
SOFR+1050 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20263$54.8M$52.7M99c0
Dec 31, 20252$0$0n/a0
What changed
Identity
Group key
HYDROSOURCE MIDSTREAMderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 3 BDCsderived
Industry
Oil, Gas & Consumable Fuelsreportedas one filer wrote it