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

P•••••• L••• A••••••••• L••

group grade Aon a schedule nowsponsor unattributed
Principal held
at least $8.5M
sum of BDC pieces, a lower bound
Fair value
$6.2M
100c on cost, debt pieces
Unfunded
$0
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Sep 17, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2023
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 $6.3M100cS+500 bpSep 17, 20291
first lien revolver first lienat least $2.1Mn/aS+500 bpSep 17, 20291
Equity pieces beside the debt: other (n/a fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
T•• T••• B•••• C•••••• I••••• F•••term loan first lien
First lien senior secured term loan
$6.3M$6.3M
100c
S+500 bp
T•• T••• B•••• C•••••• I••••• F•••unstated lien unstatedn/an/a
T•• T••• B•••• C•••••• I••••• F•••unstated lien unstatedn/an/a
T•• T••• B•••• C•••••• I••••• F•••revolver first lien
First lien senior secured revolving loan
$2.1M$-25,000
100c
S+500 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$8.5M$6.2M100c0
Mar 31, 20261$8.5M$6.3M100c0
Dec 31, 20251$17.0M$12.5M100c0
Sep 30, 20251$8.5M$6.3M100c0
Jun 30, 20251$8.5M$6.3M100c0
Mar 31, 20251$8.5M$6.3M100c0
Dec 31, 20241$8.6M$6.3M100c0
Sep 30, 20241$8.6M$6.3M100c0
Dec 31, 20231$0$0n/a0
What changed
Identity
Group key
POLARIS LABSderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived