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

N••••••

Healthcare & Pharmaceuticalsgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $3.4M
sum of BDC pieces, a lower bound
Fair value
$3.8M
106c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Aug 29, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2024
latest Jun 30, 2026
Events
3
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien delayed draw term loan first lienat least $1.9M108cEURIBOR+525 bpAug 29, 20312
first lien term loan first lienat least $1.5M104cEURIBOR+525 bpAug 29, 20312
first lien revolver first lien
exited Mar 31, 2026
at least $126,000109c//www.baincapital.com/20260331#Euro Interbank Offered Rate+525 bpMay 30, 20312
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
B••• C•••••• P•••••• C•••••delayed draw term loan first lien
First Lien Senior Secured Loan - Delayed Draw EURIBOR Floor 1.00% Spread 5.25% Interest Ra
$283,000$319,000
107c
EURIBOR+525 bp
B••• C•••••• P•••••• C•••••term loan first lien
First Lien Senior Secured Loan EURIBOR Floor 1.00% Spread 5.25% Interest Rate 7.85% Maturi
$1.5M$1.7M
104c
EURIBOR+525 bp
B••• C•••••• S•••••••• F••••••• I•••delayed draw term loan first lien
First Lien Senior Secured Loan - Delayed Draw EURIBOR Floor 1.00% Spread 5.25% Interest Ra
$1.6M$1.8M
108c
//www.baincapital.com/20260630#Euro Interbank Offered Rate+525 bp
B••• C•••••• S•••••••• F••••••• I•••term loan first lien
First Lien Senior Secured Loan EURIBOR Floor 1.00% Spread 5.25% Interest Rate 7.85% Maturi
$52,000$59,000
105c
//www.baincapital.com/20260630#Euro Interbank Offered Rate+525 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20262$3.4M$3.8M106c0
Mar 31, 20262$3.4M$3.8M107c0
Dec 31, 20252$3.5M$4.1M110c0
Sep 30, 20252$3.4M$3.9M110c0
Jun 30, 20252$3.4M$3.9M110c0
Mar 31, 20252$3.5M$3.7M100c0
Dec 31, 20242$1.8M$1.7M92c0
Sep 30, 20241$8.1M$8.8M101c0
What changed
Identity
Group key
NAFINCOderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 2 BDCsderived
Industry
Healthcare & Pharmaceuticalsreportedas one filer wrote it