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
T••••••• B••••• L••
Food Productsgroup grade Aon a schedule nowsponsor unattributed
Also written as: Tropical Cheese
Principal held
at least $205M
sum of BDC pieces, a lower bound
Fair value
$179M
99c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
4 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Dec 11, 2030
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
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $205M | 99c | SOFR+475 bp | Dec 11, 2030 | 4 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• B••• I••• | term loan first lien 1st Lien/Senior Secured Debt Industry Food Products Interest Rate 8.48% Reference Rate and | $14.4M | $14.1M 99c | SOFR+475 bp |
| G•••••• S•••• B••• I••• | term loan first lien 1st Lien/Senior Secured Debt Industry Food Products Reference Rate and Spread S + 4.75% Ma | $1.7M | $-33,000 174c | SOFR+475 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st Lien/Senior Secured Debt Industry Food Products Reference Rate and Spread S + 4.75% Ma | $17.5M | $-351,000 179c | SOFR+475 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st Lien/Senior Secured Debt Industry Food Products Interest Rate 8.48% Reference Rate and | $151M | $148M 99c | SOFR+475 bp |
| P•••••• S••••• B•• L•• | term loan first lien 1st Lien/Senior Secured Debt Industry Food Products Reference Rate and Spread S + 4.75% Ma | $965,000 | $-19,000 173c | SOFR+475 bp |
| P•••••• S••••• B•• L•• | term loan first lien 1st Lien/Senior Secured Debt Industry Food Products Interest Rate 8.48% Reference Rate and | $8.3M | $8.1M 99c | SOFR+475 bp |
| W••• B•• B•• L•• | term loan first lien 1st Lien/Senior Secured Debt Industry Food Products Interest Rate 8.48% Reference Rate and | $10.0M | $9.8M 99c | SOFR+475 bp |
| W••• B•• B•• L•• | term loan first lien 1st Lien/Senior Secured Debt Industry Food Products Reference Rate and Spread S + 4.75% Ma | $1.2M | $-23,000 177c | SOFR+475 bp |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 4 | $205M | $179M | 99c | 0 |
| Mar 31, 2026 | 4 | $196M | $181M | 100c | 0 |
| Dec 31, 2025 | 4 | $273M | $232M | 100c | 0 |
| Sep 30, 2025 | 4 | $150M | $127M | 100c | 0 |
| Jun 30, 2025 | 4 | $156M | $132M | 100c | 0 |
| Mar 31, 2025 | 4 | $135M | $134M | 100c | 0 |
| Dec 31, 2024 | 4 | $156M | $136M | 100c | 0 |
What changed
- New borrower on a BDC scheduleDec 31, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TROPICALderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Food Productsreportedas one filer wrote it