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
N••• H•••••• L••
Health Care Technologygroup grade Aon a schedule nowsponsor unattributed
Also written as: First lien; First Lien - Undrawn
Principal held
at least $246M
sum of BDC pieces, a lower bound
Fair value
$242M
100c on cost, debt pieces
Unfunded
$14.7M
commitments not yet drawn
BDC lenders
18
16 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Nov 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
8
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 $246M | 100c | SOFR+525 bp | Nov 12, 2030 | 18 |
| first lien revolver first lien | at least $0 | n/a | SOFR+525 bp | Nov 9, 2029 | 6 |
| revolver lien unstated | at least $0 | n/a | S+525 bp | unstated | 6 |
| other lien unstated | unknown | n/a | unstated | 7 | |
| first lien delayed draw term loan first lien exited Sep 30, 2025 | at least $0 | n/a | SOFR+525 bp | Nov 12, 2030 | 3 |
| delayed draw term loan lien unstated exited Mar 31, 2026 | unknown | n/a | unstated | 6 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | term loan first lien US Corporate Debt | 1st Lien/S••••• Secured Debt | Term Loan | 8.89% (S + 5.25%; 0.75% Flo | $9.1M | $8.9M 99c | SOFR+525 bp |
| A• P•••••• C••••• I•••••••• C••• | revolver first lien US Corporate Debt | 1st Lien/S••••• Secured Debt | Revolver | 11/9/2029 | $0 | $-20,105 266c | SOFR+525 bp |
| A••• C•••••• C••• | unstated lien unstated | n/a | n/a | |
| A••• C•••••• C••• | term loan first lien First lien senior secured loan | $6.4M | $6.4M 100c | S+525 bp |
| A••• S•••••••• I••••• F••• | unstated lien unstated | n/a | n/a | |
| A••• S•••••••• I••••• F••• | term loan first lien First lien senior secured loan | $5.7M | $5.7M 101c | S+525 bp |
| B•••••• B••• I••• | term loan first lien First Lien S••••• Secured Term Loan | $22.0M | $22.0M 101c | S+525 bp |
| B•••••• B••• I••• | revolver lien unstated Revolver | $0 | $-1,000 17c | S+525 bp |
| B•••••• C•••••• I••••••••• C••• | revolver lien unstated Revolver | $0 | $0 0c | S+525 bp |
| B•••••• C•••••• I••••••••• C••• | term loan first lien First Lien S••••• Secured Term Loan | $2.2M | $2.2M 100c | S+525 bp |
| B•••••• P•••••• C••••• C••• | revolver lien unstated Revolver | $0 | $-4,000 20c | S+525 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien First Lien S••••• Secured Term Loan | $43.1M | $43.0M 101c | S+525 bp |
| N•• M••••••• F•••••• C••• | term loan first lien First lien | $6.2M | $6.2M 100c | S+525 bp |
| N•• M••••••• F•••••• C••• | term loan first lien First lien - Undrawn | $339,000 | $0 0c | |
| N•• M••••••• G••••••• I• B••• L••••• | term loan first lien First Lien | $5.2M | $5.2M 100c | S+525 bp |
| N•• M••••••• G••••••• I• B••• L••••• | term loan first lien First Lien - Undrawn | $339,000 | $0 0c | |
| N•• M••••••• G••••••• I• I••••• F•••• L••••• | term loan first lien First Lien - Undrawn | Non-Affiliated Issuer | $169,000 | $0 0c | |
| N•• M••••••• G••••••• I• I••••• F•••• L••••• | term loan first lien First Lien | Non-Affiliated Issuer | $2.1M | $2.1M 101c | S+525 bp |
| N•• M••••••• P•••••• C••••• F••• | term loan first lien First Lien | Non-Affiliated Issuer | $1.4M | $1.4M 100c | S+525 bp |
| N•• S•• I• I••• | term loan first lien First lien | Non-Affiliated Issuer | $3.5M | $3.5M 100c | S+525 bp |
| N•• S•• I• I••• | term loan first lien First Lien - Undrawn | Non-Affiliated Issuer | n/a | $0 0c | |
| O•••••• G•••••• O••• L•• | term loan first lien First Lien Term Loan | $26.6M | $26.4M 100c | S+525 bp |
| O•••••• G•••••• O••• L•• | unstated lien unstated | n/a | n/a | |
| O•••••• G•••••• O••• L•• | revolver first lien First Lien Revolver | $0 | $-20,000 91c | S+525 bp |
| O•••••• S•••••••• L•••••• C••• | unstated lien unstated | n/a | n/a | |
| O•••••• S•••••••• L•••••• C••• | revolver first lien First Lien Revolver | $0 | $-15,000 94c | S+525 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien First Lien Term Loan 2 | $7.7M | $7.6M 100c | S+525 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien First Lien Term Loan 1 | $19.5M | $19.4M 100c | S+525 bp |
| O•••••• S•••••••• C••••• F••• | term loan first lien First Lien Term Loan 1 | $17.5M | $17.4M 100c | S+525 bp |
| O•••••• S•••••••• C••••• F••• | unstated lien unstated | n/a | n/a | |
| O•••••• S•••••••• C••••• F••• | term loan first lien First Lien Term Loan 2 | $45.6M | $45.2M 100c | S+525 bp |
| O•••••• S•••••••• C••••• F••• | revolver first lien First Lien Revolver | $0 | $-34,000 89c | S+525 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | revolver lien unstated Revolver | n/a | n/a | |
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien First Lien Debt | $491,000 | $-2,000 67c | S+525 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien First Lien Debt | $5.0M | $5.0M 101c | S+525 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien First Lien Debt | $3.0M | $2.9M 100c | S+525 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien First Lien Debt | $11.7M | $11.6M 100c | S+525 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | revolver lien unstated Revolver | n/a | n/a | |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien First Lien Debt | $1.2M | $-6,000 75c | S+525 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 | 16 | $246M | $242M | 100c | 0 |
| Mar 31, 2026 | 16 | $247M | $243M | 100c | 0 |
| Dec 31, 2025 | 16 | $284M | $277M | 100c | 0 |
| Sep 30, 2025 | 16 | $282M | $270M | 100c | 0 |
| Jun 30, 2025 | 16 | $256M | $245M | 101c | 0 |
| Mar 31, 2025 | 16 | $257M | $246M | 101c | 0 |
| Dec 31, 2024 | 16 | $272M | $244M | 102c | 0 |
| Sep 30, 2024 | 16 | $187M | $177M | 102c | 0 |
| Jun 30, 2024 | 17 | $197M | $187M | 101c | 0 |
| Mar 31, 2024 | 16 | $183M | $170M | 100c | 0 |
| Dec 31, 2023 | 11 | $98.1M | $92.6M | 100c | 0 |
What changed
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Facility left every BDC scheduleMar 31, 2026
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Facility left every BDC scheduleSep 30, 2025
- Spread changed (observed)Mar 31, 2025
- New lender joined a facilityMar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Maturity extended (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Lender left a facilityMar 31, 2024
- New lender joined a facilityDec 31, 2023
- New lender joined a facilityDec 31, 2023
- New lender joined a facilityDec 31, 2023
- New lender joined a facilityDec 31, 2023
- New lender joined a facilityDec 31, 2023
- New lender joined a facilityDec 31, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- NEXT HOLDCOderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 18 BDCsderived
- Industry
- Health Care Technologyreportedas one filer wrote it