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

A••••••••• B••• C••• L••

group grade Aon a schedule nowsponsor unattributed
Principal held
at least $4.3M
sum of BDC pieces, a lower bound
Fair value
$5.3M
102c on cost, debt pieces
Unfunded
$1.8M
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
1
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $4.0M101cS+475 bpunstated3
unsecured or subordinated term loan unsecured or subordinatedat least $274,000101c14.00%unstated3
revolver lien unstatedat least $0n/aS+475 bpunstated3
Equity pieces beside the debt: equity ($1.0M fair value, 3 BDCs)
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
B•••••• B••• I•••equity equity
Common Stock
n/a$300,000
128c
B•••••• B••• I•••term loan first lien
First Lien Senior Secured Term Loan
$1.2M$1.2M
101c
S+475 bp
B•••••• B••• I•••revolver lien unstated
Revolver
$0$0
0c
S+475 bp
B•••••• B••• I•••term loan unsecured or subordinated
Subordinated Term Loan
$82,000$83,000
101c
14.00%
B•••••• C•••••• I••••••••• C•••revolver lien unstated
Revolver
$0$0
0c
S+475 bp
B•••••• C•••••• I••••••••• C•••equity equity
Common Stock
n/a$200,000
127c
B•••••• C•••••• I••••••••• C•••term loan first lien
First Lien Senior Secured Term Loan
$810,000$812,000
101c
S+475 bp
B•••••• C•••••• I••••••••• C•••term loan unsecured or subordinated
Subordinated Term Loan
$55,000$55,000
100c
14.00%
B•••••• P•••••• C••••• C•••revolver lien unstated
Revolver
$0$0
0c
S+475 bp
B•••••• P•••••• C••••• C•••term loan first lien
First Lien Senior Secured Term Loan
$2.0M$2.0M
101c
S+475 bp
B•••••• P•••••• C••••• C•••term loan unsecured or subordinated
Subordinated Term Loan
$137,000$139,000
101c
14.00%
B•••••• P•••••• C••••• C•••equity equity
Common Stock
n/a$501,000
128c
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20263$4.3M$4.3M102c0
Mar 31, 20263$4.3M$4.3M102c0
Dec 31, 20253$5.2M$5.1M100c0
Sep 30, 20253$4.3M$4.2M100c0
Jun 30, 20253$5.7M$5.6M100c0
Dec 31, 20243$0$0n/a0
What changed
Identity
Group key
APPLICATION BOOT CAMPderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 3 BDCsderived