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•••• P•••••• C••••• F•••

Healthcaregroup grade Aon a schedule nowsponsor unattributed
Also written as: 20; LLC BANK LOANS: NON-CONTROL; LLC BNK LNS: NCNA Inv; LLC BNK LNS: NCNA Inv Aerospace & Defense API Technologies 2026; LLC BNK LNS: NCNA Inv Aerospace & Defense GRVTY; LLC BNK LNS: NCNA Inv Aerospace & Defense Tronair 2025; LLC BNK LNS: NCNA Inv Aerospace & Defense Vantor; LLC BNK LNS: NCNA Inv Automobile Components BBB Industries
Principal held
at least $90.2M
sum of BDC pieces, a lower bound
Fair value
$93.4M
101c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
2 equity pieces beside them
Next maturity
Jul 7, 2028
no dated debt inside 24 months
On the tape since
Jun 30, 2025
latest Jun 30, 2026
Events
11
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 $48.1M100cSOFR+650 bp
PIK 3.54%
Jun 30, 20331
first lien delayed draw term loan first lienat least $37.8M102cSOFR+600 bpJun 30, 20331
first lien revolver first lienat least $4.3M109cSOFR+550 bpJun 30, 20331
Equity pieces beside the debt: equity ($1.0M fair value, 1 BDC), preferred equity ($2.9M fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 4.75% Interest Rate 8.48% Acquisition D
$500,000$496,250
100c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 3
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 1
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 2
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Instruments & Components TRG Solutions Investment Type Unitranche Revolver Index S+ Spread
$120,000$119,133
112c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 5.25% Interest Rate 8.98% Acquisition
$104,794$104,794
104c
SOFR+525 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 5.50% Interest Rate 9.23% Acquisition D
$2.5M$2.5M
100c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.00% Interest Rate 8.73% Acquisition Date 5
$42,095$41,780
-262c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Prime Electric Investment Type Unitranche Term Loan Index S+ Spread 5.00% Interest Rate 8.
$997,500$990,019
101c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 0.00% Interest Rate 3.54% PIK Acquisiti
$2.0M$2.0M
100c
SOFR+0 bp
PIK 3.54%
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 4.50% Interest Rate 8.23% Acquisition D
$2.0M$2.0M
100c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date
$1.3M$1.3M
102c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 5.50% Interest Rate 9.23% Acquisition Da
$0$0
0c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 4.50% Interest Rate 8.23% Acquisition D
$2.0M$2.0M
102c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.00% Interest Rate 8.73% Acquisition Date 6
$10.8M$10.7M
100c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.00% Interest Rate 8.73% Acquisition Date 1
$273,315$270,582
101c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 5.00% Interest Rate 8.73% Acquisition D
$1.5M$1.5M
101c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.25% Interest Rate 8.98% Acquisition Date 4
$0$0
0c
SOFR+525 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type Unitranche Term Loan Index S+ Spread 5.00% Interest Rate 8.73% Acquisition
$821,250$821,250
101c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Industry & Valor PayTech Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate
$638,195$638,195
102c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.25% Interest Rate 8.98% Acquisition Date 1
$1.7M$1.7M
103c
SOFR+525 bp
A•••• P•••••• C••••• F•••• L••preferred equity equity
COMMON EQUITY AND PREFERRED SHARES: NON-CONTROL/NON-AFFILIATE INVESTMENTS Health Care Equi
n/a$2.0M
45c
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 5.00% Interest Rate 8.73% Acquisition Date
$99,600$98,853
99c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$761,801$759,897
103c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 5.00% Interest Rate 8.73% Acquisition D
$4.0M$3.9M
100c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition
$265,112$265,112
110c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••preferred equity equity
COMMON EQUITY AND PREFERRED SHARES: NON-CONTROL/NON-AFFILIATE INVESTMENTS Financial Servic
n/a$104,166
103c
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type Unitranche Term Loan Index S+ Spread 5.00% Interest Rate 8.73% Acquisition
$2.5M$2.5M
100c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$136,434$135,752
105c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 4.75% Interest Rate 8.48% Acquisition D
$2.5M$2.5M
100c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date
$1.9M$1.9M
100c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Da
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.00% Interest Rate 8.73% Acquisition Date 1
$0$0
0c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.00% Interest Rate 8.73% Acquisition Date 6
$0$0
0c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 4.50% Interest Rate 8.23% Acquisition
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Date
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% AD 6/6/2025 Ma
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.25% Interest Rate 7.98% Acquisition Date 7
$780,638$774,784
101c
SOFR+425 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 5.00% Interest Rate 8.73% Acquisition
$0$0
0c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 5.00% Interest Rate 8.73% Acquisition Date
$0$0
0c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type Unitranche Term Loan Index S+ Spread 5.50% IR 9.23% Acquisition Date 3/13/
$2.5M$2.5M
101c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Date 1
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••preferred equity equity
COMMON EQUITY AND PREFERRED SHARES: NON-CONTROL/NON-AFFILIATE INVESTMENTS Software PayByPh
n/a$130,000
99c
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 5
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 4.75% Interest Rate 8.48% Acquisition D
$1.5M$1.5M
100c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 6.00% Interest Rate 9.73% Acquisition Date 1
$0$0
0c
SOFR+600 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.25% Interest Rate 8.98% Acquisition Date 5
$55,000$54,175
140c
SOFR+525 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 4
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 5.25% Interest Rate 8.98% Acquisition Da
$95,455$94,739
106c
SOFR+525 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Da
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 5.25% Interest Rate 8.98% Acquisition
$249,682$249,682
102c
SOFR+525 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 5.50% Interest Rate 9.23% Acquisition D
$1.5M$1.5M
100c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 3.75% Interest Rate 7.48% Acquisition Da
$0$0
0c
SOFR+375 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 5.25% Interest Rate 8.98% Acquisition Da
$195,000$192,562
104c
SOFR+525 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 6.50% Interest Rate 10.23% Acquisition
$3.3M$3.3M
100c
SOFR+650 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Date
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 5.50% Interest Rate 9.23% Acquisition Date
$987,096$984,628
102c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Date 8
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition
$115,288$115,288
105c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Instruments & Components TRG Solutions Investment Type Unitranche DDTL Index S+ Spread 4.5
$336,000$333,574
103c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$471,154$467,620
102c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.25% Interest Rate 7.98% Acquisition Da
$0$0
0c
SOFR+425 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Date 9
$2.5M$2.5M
101c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Date
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 5.50% IR 9.23% Acquisition Date 3/13/2
$72,727$72,545
112c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••preferred equity equity
COMMON EQUITY AND PREFERRED SHARES: NON-CONTROL/NON-AFFILIATE INVESTMENTS Diversified Cons
n/a$120,000
100c
A•••• P•••••• C••••• F•••• L••preferred equity equity
COMMON EQUITY AND PREFERRED SHARES: NON-CONTROL/NON-AFFILIATE INVESTMENTS Electronic Equip
n/a$120,000
100c
A•••• P•••••• C••••• F•••• L••preferred equity equity
COMMON EQUITY AND PREFERRED SHARES: NON-CONTROL/NON-AFFILIATE INVESTMENTS IT Services Med
n/a$170,181
93c
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type Unitranche Term Loan Index S+ Spread 5.00% Interest Rate 8.73% Acquisition
$3.1M$3.0M
100c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 4.25% Interest Rate 7.98% Acquisition Date
$378,000$378,000
102c
SOFR+425 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 4.50% Interest Rate 8.23% Acquisition D
$3.0M$3.0M
101c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 5.00% Interest Rate 8.73% Acquisition Da
$541,381$533,260
102c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.50% Interest Rate 9.23% Acquisition Date 9
$978,272$967,267
101c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 5.50% Interest Rate 9.23% Acquisition Da
$342,602$338,748
106c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••equity equity
Investment Type Units Acquisition Date 7/14/2025
n/a$618,862
74c
A•••• P•••••• C••••• F•••• L••equity equity
Investment Type Class A Units Acquisition Date 12/30/2025
n/a$408,235
53c
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 1
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Date 3
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 5.50% Interest Rate 9.23% Acquisition Da
$123,552$122,316
107c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••preferred equity equity
COMMON EQUITY AND PREFERRED SHARES: NON-CONTROL/NON-AFFILIATE INVESTMENTS Machinery 80/20
n/a$90,000
100c
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 4.75% Interest Rate 8.48% Acquisition D
$1.5M$1.5M
100c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.25% Interest Rate 7.98% Acquisition Da
$0$0
0c
SOFR+425 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 7
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Date 1
$26,369$26,171
112c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$326,742$322,658
101c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Da
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Date 2
$1.3M$1.3M
100c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 5.50% Interest Rate 9.23% Acquisition D
$4.0M$4.0M
100c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 6
$1.9M$1.9M
103c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••preferred equity equity
COMMON EQUITY AND PREFERRED SHARES: NON-CONTROL/NON-AFFILIATE INVESTMENTS Life Sciences To
n/a$90,000
100c
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 5.25% Interest Rate 8.98% Acquisition D
$1.5M$1.5M
100c
SOFR+525 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 4.50% Interest Rate 8.23% Acquisition
$157,942$157,547
108c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 4.50% Interest Rate 8.23% Acquisition
$55,263$54,849
106c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Industry & Valor PayTech Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 3.50% Interest Rate 7.23% Acquisition Da
$0$0
0c
SOFR+350 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 5.00% IR 8.73% Acquisition Date 10/10/
$28,571$28,571
108c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 1
$168,290$166,607
107c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type 1st Lien Term Loan Index S+ Spread 4.75% Interest Rate 8.48% Acquisition D
$4.0M$4.0M
100c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.50% Interest Rate 9.23% Acquisition Date 6
$0$0
0c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 5.00% Interest Rate 8.73% Acquisition Date
$2.1M$2.1M
100c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.25% Interest Rate 7.98% Acquisition Date 1
$0$0
0c
SOFR+425 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Date 8
$5.4M$5.4M
100c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 5.50% Interest Rate 9.23% Acquisition Date
$0$0
0c
SOFR+550 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 4.50% Interest Rate 8.23% Acquisition
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Da
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.50% Interest Rate 8.23% Acquisition Da
$0$0
0c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 5.00% Interest Rate 8.73% Acquisition
$0$0
0c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 5.25% Interest Rate 8.98% Acquisition Date 5
$0$0
0c
SOFR+525 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 1
$106,386$105,056
135c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 5
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type 1st Lien DDTL Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Date 6
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••delayed draw term loan first lien
Investment Type Unitranche DDTL Index S+ Spread 5.75% Interest Rate 9.48% Acquisition Date
$4.0M$3.9M
101c
SOFR+575 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolve Index S+ Spread 5.00% Interest Rate 8.73% Acquisition Dat
$79,223$78,035
116c
SOFR+500 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment Type Unitranche Term Loan Index S+ Spread 6.00% Interest Rate 9.73% Acquisition
$997,481$987,506
101c
SOFR+600 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Prime Electric Investment Type Unitranche Revolver Index S+ Spread 4.00% Interest Rate 7.7
$22,039$21,874
102c
SOFR+400 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type 1st Lien Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition Da
$0$0
0c
SOFR+475 bp
A•••• P•••••• C••••• F•••• L••revolver first lien
Investment Type Unitranche Revolver Index S+ Spread 4.75% Interest Rate 8.48% Acquisition
$0$0
0c
SOFR+475 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$90.2M$89.5M101c1
Mar 31, 20261$45.8M$32.9M82c3
Dec 31, 20251$14.8M$14.7M109c2
Sep 30, 20251$1.0M$2.1M103c0
Jun 30, 20251$1.3M$1.4M112c0
What changed
Every change including routine ones
Identity
Group key
A•••• P•••••• C••••• F•••derivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
Healthcarereportedas one filer wrote it