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
U.S. TelePacific Corp
Also written as: First Lein; Third Lien; U.S. TelePacific Holdings Corp
Principal held
at least $25.1M
sum of BDC pieces, a lower bound
Fair value
$5.9M
52c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
4 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
May 2, 2027
$16.8M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
49
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated | at least $17.8M | 79c | S+1100 bp PIK 10.00% | May 2, 2027 | 2 |
| first lien term loan first lien | at least $7.4M | 26c | S+100 bp PIK 7.00% | May 3, 2027 | 2 |
| other lien unstated exited Mar 31, 2024 | at least $230,000 | 23c | May 2, 2027 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| CAPITAL SOUTHWEST CORP | term loan first lien | $230,000 | $58,000 25c | 0.00% |
| CAPITAL SOUTHWEST CORP | term loan first lien First Lien | $2.7M | $1.1M 40c | S+700 bp PIK 7.00% |
| Carlyle Secured Lending, Inc. | term loan first lien Credit Fund | First Lien Debt | $4.4M | $329,000 12c | S+100 bp PIK 7.00% |
| Main Street Capital CORP | term loan lien unstated Secured Debt 2 | $9.8M | $1.9M 74c | S+700 bp PIK 7.00% |
| Main Street Capital CORP | term loan lien unstated Secured Debt 3 | n/a | $0 0c | |
| Main Street Capital CORP | term loan lien unstated Secured Debt 1 | $711,000 | $678,000 100c | S+1100 bp PIK 10.00% |
| MSC INCOME FUND, INC. | term loan lien unstated Secured Debt 1 | $490,000 | $468,000 100c | S+1100 bp PIK 10.00% |
| MSC INCOME FUND, INC. | term loan lien unstated Secured Debt 3 | n/a | $0 0c | |
| MSC INCOME FUND, INC. | term loan lien unstated Secured Debt 2 | $6.7M | $1.3M 75c | S+700 bp PIK 7.00% |
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 | $25.1M | $5.9M | 52c | 6 |
| Mar 31, 2026 | 4 | $25.0M | $10.8M | 96c | 6 |
| Dec 31, 2025 | 4 | $23.7M | $9.5M | 94c | 4 |
| Sep 30, 2025 | 4 | $23.6M | $9.4M | 93c | 4 |
| Jun 30, 2025 | 4 | $23.5M | $9.3M | 89c | 4 |
| Mar 31, 2025 | 4 | $26.2M | $10.3M | 77c | 5 |
| Dec 31, 2024 | 4 | $43.9M | $17.3M | 88c | 7 |
| Sep 30, 2024 | 4 | $23.2M | $9.2M | 78c | 4 |
| Jun 30, 2024 | 4 | $23.2M | $9.3M | 78c | 4 |
| Mar 31, 2024 | 4 | $23.2M | $8.6M | 72c | 4 |
| Dec 31, 2023 | 3 | $23.7M | $8.1M | 63c | 4 |
| Sep 30, 2023 | 3 | $19.8M | $7.8M | 79c | 5 |
| Jun 30, 2023 | 3 | $20.1M | $8.0M | 79c | 5 |
| Mar 31, 2023 | 3 | $39.6M | $10.2M | 26c | 3 |
| Dec 31, 2022 | 3 | $45.9M | $16.9M | 37c | 3 |
| Sep 30, 2022 | 2 | $25.0M | $10.6M | 43c | 2 |
| Dec 31, 2021 | 2 | $47.5M | $35.8M | 76c | 0 |
What changed
- Maturity approachingMay 3, 2027
- Maturity approachingMay 3, 2027
- Maturity approachingMay 3, 2027
- Maturity approachingMay 2, 2027
- Maturity approachingMay 2, 2027
- Maturity approachingMay 2, 2027
- Spread changed (observed)Jun 30, 2026
- Marked down across lendersJun 30, 2026
- Spread changed (observed)Jun 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
- Spread changed (observed)Mar 31, 2026
- PIK interest increasedMar 31, 2026
- Spread changed (observed)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
- PIK interest increasedMar 31, 2026
- PIK interest increasedMar 31, 2026
- Spread changed (observed)Dec 31, 2025
- PIK interest increasedDec 31, 2025
- Spread changed (observed)Dec 31, 2025
- Spread increasedDec 31, 2025
- Spread increasedDec 31, 2025
- PIK interest increasedDec 31, 2025
- PIK interest increasedDec 31, 2025
- Spread changed (observed)Sep 30, 2025
Sponsor
- Siris Capital Group, LLC
- the sponsor's own portfolio page lists a company of this nameestimatedsiris.com"Siris, a leading private equity firm focused on investing and driving value creation in technology and telecommunications companies, today announced that affiliates of Siris have entered into a defini"
Identity
- Group key
- U S TELEPACIFICderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 4 BDCsderived
- Industry
- Telecommunicationsreportedas one filer wrote it