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
V••••• O••••••••• C•
group grade Aon a schedule nowsponsor unattributed
Also written as: Verdelite JV LP; Vistra Operations Company LLC - 2018
Principal held
at least $3.6M
sum of BDC pieces, a lower bound
Fair value
$3.6M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
6
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Apr 30, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
3
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 $3.6M | 100c | S+200 bp | Apr 30, 2031 | 3 |
| other lien unstated exited Mar 31, 2026 | at least $2.6M | 101c | S+175 bp | Dec 20, 2030 | 3 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien First Lien Debt | $3.6M | $3.6M 100c | S+200 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 | 1 | $3.6M | $3.6M | 100c | 0 |
| Mar 31, 2026 | 3 | $6.5M | $6.5M | 100c | 0 |
| Dec 31, 2025 | 3 | $6.5M | $6.5M | 100c | 0 |
| Sep 30, 2025 | 3 | $6.5M | $6.5M | 100c | 0 |
| Jun 30, 2025 | 3 | $7.0M | $7.0M | 100c | 0 |
| Mar 31, 2025 | 2 | $6.2M | $6.1M | 98c | 0 |
| Dec 31, 2024 | 3 | $13.2M | $13.3M | 101c | 0 |
| Sep 30, 2024 | 3 | $8.7M | $8.7M | 100c | 0 |
| Jun 30, 2024 | 3 | $8.7M | $8.7M | 100c | 0 |
| Mar 31, 2024 | 3 | $5.7M | $5.7M | 100c | 0 |
| Dec 31, 2023 | 1 | $2.6M | $2.6M | 101c | 0 |
| Dec 31, 2022 | 1 | $747,900 | $740,600 | 100c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2026
- Lender left a facilityMar 31, 2026
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityMar 31, 2024
- New lender joined a facilityMar 31, 2024
- Lender left a facilityDec 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
- VISTRA OPERATIONSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 6 BDCsderived