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.
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Borrower
T•• B••••• L••
Technology Hardware, Storage & Peripheralsgroup grade Aon a schedule nowsponsor unattributed
Also written as: F; LLC Term B Loan; LLC Term B Loan RR & S
Principal held
at least $66.7M
sum of BDC pieces, a lower bound
Fair value
$59.2M
92c on cost, debt pieces
Unfunded
$2.4M
commitments not yet drawn
BDC lenders
7
7 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Feb 2, 2032
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
12
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 $50.2M | 93c | SOFR+250 bp PIK 2.50% | Feb 2, 2032 | 7 |
| first lien delayed draw term loan first lien | at least $11.5M | 93c | SOFR+250 bp PIK 2.50% | Feb 2, 2032 | 7 |
| revolver lien unstated | at least $3.4M | 74c | S+450 bp | Feb 2, 2032 | 2 |
| first lien revolver first lien | at least $1.5M | 86c | SOFR+450 bp | Feb 2, 2032 | 5 |
| other lien unstated exited Sep 30, 2025 | at least $30.0M | 100c | S+475 bp | Feb 2, 2032 | 2 |
| delayed draw term loan lien unstated exited Dec 31, 2025 | unknown | n/a | unstated | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | delayed draw term loan first lien US Corporate Debt | 1st Lien/S••••• Secured Debt | Delayed Draw Term Loan | 8.73% (S + 2.5 | $3.6M | $3.3M 92c | SOFR+250 bp PIK 2.50% |
| A• P•••••• C••••• I•••••••• C••• | revolver first lien US Corporate Debt | 1st Lien/S••••• Secured Debt | Revolver | 8.23% (S + 4.50%; 0.75% Floo | $783,680 | $601,272 78c | SOFR+450 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien US Corporate Debt | 1st Lien/S••••• Secured Debt | Term Loan | 8.73% (S + 2.50%; 0.75% Flo | $15.7M | $14.3M 92c | SOFR+250 bp PIK 2.50% |
| A• P•••••• L•••••• F••• | revolver first lien US Corporate Debt | 1st Lien/S••••• Secured Debt | Revolver | 8.23% (S + 4.50%; 0.75% Floo | $115,391 | $88,533 78c | SOFR+450 bp |
| A• P•••••• L•••••• F••• | delayed draw term loan first lien US Corporate Debt | 1st Lien/S••••• Secured Debt | Delayed Draw | 8.73% (S + 2.50%; 0.75% | $531,908 | $484,036 92c | SOFR+250 bp PIK 2.50% |
| A• P•••••• L•••••• F••• | term loan first lien US Corporate Debt | 1st Lien/S••••• Secured Debt | Term Loan | 8.73% (S + 2.50%; 0.75% Flo | $2.3M | $2.1M 92c | SOFR+250 bp PIK 2.50% |
| J•••••••• C••••• P••••••• B•• I••• | revolver first lien Investment Type First Lien Revolver | n/a | $-7,000 | |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien First Lien Debt | $10.0M | $8.9M 90c | S+250 bp PIK 2.50% |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien First Lien Debt (Delayed Draw) | $2.3M | $2.0M 90c | S+250 bp PIK 2.50% |
| N••••• C•••••••• D••••• L•••••• C•••• | revolver lien unstated Revolving Loan | $1.7M | $481,000 74c | S+450 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | revolver lien unstated Revolving Loan | n/a | n/a | |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien Delayed Draw Loan | n/a | n/a | |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien Delayed Draw Loan | n/a | n/a | |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | revolver lien unstated Revolving Loan | $1.7M | $481,000 74c | S+450 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien First Lien Debt (Delayed Draw) | $2.3M | $2.0M 90c | S+250 bp PIK 2.50% |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien First Lien Debt | $10.0M | $8.9M 90c | S+250 bp PIK 2.50% |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | revolver lien unstated Revolving Loan | n/a | n/a | |
| S••••• C••••• I••••••••• L•• | revolver first lien Investment Type First Lien Revolver | n/a | $-2,000 | |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien Revolving Credit | NCNA Debt Inv. | First Lien S••••• Secured Loan | Cash Interest Rate/ P | $607,000 | $595,000 99c | SOFR+450 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien NCNA Debt Inv. | First Lien S••••• Secured Loan | Cash Interest Rate/ PIK Rate | 8.73% / 2 | $7.8M | $7.7M 99c | SOFR+500 bp PIK 2.50% |
| S•••••••• P•••••• C••••• F••• L•• | delayed draw term loan first lien Delayed Draw Term Loan | NCNA Debt Inv. | First Lien S••••• Secured Loan | Cash Interest R | $2.8M | $2.8M 100c | SOFR+500 bp PIK 2.50% |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien NCNA Debt Inv. | First Lien S••••• Secured Loan | Cash Interest Rate/ PIK Rate | 8.73% / 2 | $4.4M | $4.4M 100c | SOFR+500 bp PIK 2.50% |
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 | 7 | $66.7M | $59.2M | 92c | 11 |
| Mar 31, 2026 | 7 | $91.5M | $85.9M | 100c | 15 |
| Dec 31, 2025 | 7 | $106M | $100M | 101c | 0 |
| Sep 30, 2025 | 7 | $77.1M | $69.9M | 101c | 0 |
| Jun 30, 2025 | 7 | $74.8M | $65.8M | 100c | 0 |
| Mar 31, 2025 | 6 | $60.0M | $56.0M | 100c | 0 |
| Dec 31, 2024 | 2 | $0 | $0 | n/a | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- Marked down across lendersJun 30, 2026
- Marked down across lendersJun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Marked down across lendersJun 30, 2026
- Marked down across lendersJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2026
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TAU BUYERderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 7 BDCsderived
- Industry
- Technology Hardware, Storage & Peripheralsreportedas one filer wrote it