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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

Borrower

S•••• B••••••••• L••

group grade Aon a schedule nowsponsor V••• C••••••• L•• carried

Also written as: 666; Equity Securities; Equity Security; LLC (26; LLC 1; LLC 2; LLC 3; S•••• Bio Science

Principal held

at least $6.5M

sum of BDC pieces, a lower bound

Fair value

$6.2M

99c on cost, debt pieces

Unfunded

$800,000

commitments not yet drawn

BDC lenders

1 on the latest quarter

Facilities

1 equity pieces beside them

Next maturity

Jul 8, 2027

$6.5M inside 24 months

On the tape since

Dec 31, 2021

latest Jun 30, 2026

Events

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 $5.7M	99c	S+550 bp	Jul 8, 2027	2
first lien revolver first lien	at least $800,000	n/a	S+550 bp	Jul 8, 2027	2
first lien delayed draw term loan first lien exited Sep 30, 2025	at least $8.0M	n/a	S+550 bp	Jul 8, 2027	2
delayed draw term loan lien unstated exited Mar 31, 2025	unknown	n/a		unstated	2

Equity pieces beside the debt: equity ($466,000 fair value, 2 BDCs)

Lenders

every BDC piece at the latest quarter end

BDC	Instrument	Principal	Fair value	Rate
M••••• C•••••• I••••• P••• C•••	term loan first lien Senior Secured Loans	$4.3M	$4.2M 99c	S+550 bp
M••••• C•••••• I••••• P••• C•••	revolver first lien Revolver)	n/a	n/a
M••••• C•••••• I••••• P••• C•••	term loan first lien Senior Secured Loans	$511,000	$507,000 99c	S+550 bp
M••••• C•••••• I••••• P••• C•••	equity equity Common units) \| Equity Securities	$0	$466,000 119c
M••••• C•••••• I••••• P••• C•••	revolver first lien Revolver) \| Senior Secured Loans	$800,000	$0	S+550 bp
M••••• C•••••• I••••• P••• C•••	term loan first lien Senior Secured Loans	$970,000	$964,000 99c	S+550 bp

Through time

the borrower's pieces summed across BDCs, every quarter end

Quarter end	BDCs	Principal held	Fair value	On cost
Jun 30, 2026	1	$6.5M	$5.7M	99c
Mar 31, 2026	1	$2.9M	$2.5M	99c
Dec 31, 2025	2	$6.6M	$5.7M	99c
Sep 30, 2025	2	$14.6M	$5.7M	99c
Jun 30, 2025	2	$14.6M	$5.8M	100c
Mar 31, 2025	2	$14.6M	$5.8M	100c
Dec 31, 2024	2	$38.8M	$36.8M	100c
Sep 30, 2024	2	$12.7M	$11.8M	100c
Jun 30, 2024	2	$12.7M	$11.9M	100c
Mar 31, 2024	2	$12.7M	$11.9M	100c
Dec 31, 2023	2	$26.0M	$19.1M	100c
Sep 30, 2023	2	$12.8M	$8.9M	100c
Jun 30, 2023	2	$10.2M	$7.9M	100c
Mar 31, 2023	2	$10.2M	$8.0M	100c
Dec 31, 2022	2	$20.4M	$13.5M	100c
Sep 30, 2022	1	$5.7M	$3.3M	101c
Dec 31, 2021	1	$2.9M	$2.5M	102c

What changed

Maturity approachingJul 8, 2027
S•••• B••••••••• L•• term loan (first lien) matures 2027-07-08 (inside 24 months; $5.7M held by 2 BDCs)
Maturity approachingJul 8, 2027
S•••• B••••••••• L•• term loan (first lien) matures 2027-07-08 (inside 18 months; $5.7M held by 2 BDCs)
Maturity approachingJul 8, 2027
S•••• B••••••••• L•• revolver (first lien) matures 2027-07-08 (inside 24 months; $.8M held by 2 BDCs)
Maturity approachingJul 8, 2027
S•••• B••••••••• L•• revolver (first lien) matures 2027-07-08 (inside 18 months; $.8M held by 2 BDCs)
Facility left every BDC scheduleSep 30, 2025
S•••• B••••••••• L•• delayed draw (first lien) left every BDC schedule after 2025-09-30 (2 lenders, $8.0M last held)
Spread changed (observed)Jun 30, 2025
S•••• B••••••••• L•• delayed draw: spread moved from 6.25% to 5.50%
Spread changed (observed)Jun 30, 2025
S•••• B••••••••• L•• term loan: spread moved from 6.25% to 5.50%
Spread changed (observed)Jun 30, 2025
S•••• B••••••••• L•• revolver: spread moved from 6.25% to 5.50%
Spread changed (observed)Mar 31, 2025
S•••• B••••••••• L•• term loan: spread moved from 7.25% to 6.25%
Spread changed (observed)Mar 31, 2025
S•••• B••••••••• L•• revolver: spread moved from 7.25% to 6.25%
New lender joined a facilityMar 31, 2025
M••••• C•••••• I••••• P••• C••• joins S•••• B••••••••• L•• delayed draw (unknown) held by 1 other BDC
Facility left every BDC scheduleMar 31, 2025
S•••• B••••••••• L•• delayed draw (unknown) left every BDC schedule after 2025-03-31 (2 lenders, $.0M last held)
Spread changed (observed)Jun 30, 2024
S•••• B••••••••• L•• term loan: spread moved from 6.25% to 7.25%
Spread changed (observed)Jun 30, 2024
S•••• B••••••••• L•• revolver: spread moved from 6.25% to 7.25%
Spread increasedJun 30, 2024
M••••• C•••••• C•••: spread increased in S•••• B••••••••• L•• (6.25% to 7.25%)
Spread increasedJun 30, 2024
M••••• C•••••• C•••: spread increased in S•••• B••••••••• L•• (6.25% to 7.25%)
Spread increasedJun 30, 2024
M••••• C•••••• I••••• P••• C•••: spread increased in S•••• B••••••••• L•• (6.25% to 7.25%)
Spread increasedJun 30, 2024
M••••• C•••••• I••••• P••• C•••: spread increased in S•••• B••••••••• L•• (6.25% to 7.25%)
Spread changed (observed)Sep 30, 2023
S•••• B••••••••• L•• delayed draw: spread moved from 6.75% to 6.25%
Spread changed (observed)Sep 30, 2023
S•••• B••••••••• L•• term loan: spread moved from 6.75% to 6.25%
Spread changed (observed)Sep 30, 2023
S•••• B••••••••• L•• revolver: spread moved from 6.75% to 6.25%
Spread changed (observed)Jun 30, 2023
S•••• B••••••••• L•• delayed draw: spread moved from 6.25% to 6.75%
Spread changed (observed)Jun 30, 2023
S•••• B••••••••• L•• term loan: spread moved from 6.25% to 6.75%
Spread changed (observed)Jun 30, 2023
S•••• B••••••••• L•• revolver: spread moved from 6.25% to 6.75%
Spread increasedJun 30, 2023
M••••• C•••••• I••••• P••• C•••: spread increased in S•••• B••••••••• L•• (6.25% to 6.75%)
Spread increasedJun 30, 2023
M••••• C•••••• I••••• P••• C•••: spread increased in S•••• B••••••••• L•• (6.25% to 6.75%)
Spread increasedJun 30, 2023
M••••• C•••••• C•••: spread increased in S•••• B••••••••• L•• (6.25% to 6.75%)
Spread increasedJun 30, 2023
M••••• C•••••• C•••: spread increased in S•••• B••••••••• L•• (6.25% to 6.75%)
Spread increasedJun 30, 2023
M••••• C•••••• C•••: spread increased in S•••• B••••••••• L•• (6.25% to 6.75%)
Spread increasedJun 30, 2023
M••••• C•••••• I••••• P••• C•••: spread increased in S•••• B••••••••• L•• (6.25% to 6.75%)

Every change including routine ones

Identity

Group key: SERAN BIOSCIENCEderivedthe codename stem after legal suffixes and deal words
Spellings: 2 across 2 BDCsderived