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.
Borrower
MWH Intermediate II, LLC
group grade Aon a schedule nowsponsor unattributed
Principal held
at least $41.1M
sum of BDC pieces, a lower bound
Fair value
$40.7M
100c on cost, debt pieces
Unfunded
$12.5M
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Aug 29, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2025
latest Jun 30, 2026
Events
2
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 $41.1M | 100c | S+525 bp | Aug 27, 2032 | 3 |
| other lien unstated | unknown | n/a | unstated | 3 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| ARES CAPITAL CORP | unstated lien unstated | n/a | n/a | |
| ARES CAPITAL CORP | term loan first lien First lien senior secured loan | $7.9M | $7.8M 99c | S+525 bp |
| ARES STRATEGIC INCOME FUND | unstated lien unstated | n/a | n/a | |
| ARES STRATEGIC INCOME FUND | term loan first lien First lien senior secured loan | $7.9M | $7.8M 100c | S+525 bp |
| Franklin BSP Capital Corp | term loan first lien | $942,000 | $930,000 100c | S+500 bp |
| Franklin BSP Capital Corp | term loan first lien | $9.0M | $8.9M 100c | S+500 bp |
| Franklin BSP Capital Corp | term loan first lien | $15.3M | $15.2M 100c | S+500 bp |
| Franklin BSP Capital Corp | term loan first lien Senior Secured First Lien Debt | n/a | n/a |
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 | 3 | $41.1M | $40.7M | 100c | 0 |
| Mar 31, 2026 | 1 | $25.3M | $25.1M | 100c | 0 |
| Dec 31, 2025 | 1 | $17.4M | $17.2M | 100c | 0 |
| Sep 30, 2025 | 1 | $16.6M | $16.4M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- Spread increasedJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- Lender left a facilitySep 30, 2025
- New borrower on a BDC scheduleSep 30, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- MWH INTERMEDIATE IIderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived