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.
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Borrower
T•• B••••• B•••• C••• L••
group grade Aon a schedule nowsponsor unattributed
Also written as: LLC 1; LLC 2
Principal held
at least $157M
sum of BDC pieces, a lower bound
Fair value
$156M
100c on cost, debt pieces
Unfunded
$13.3M
commitments not yet drawn
BDC lenders
4
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Dec 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
11
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 $157M | 100c | S+600 bp | Dec 1, 2029 | 4 |
| first lien revolver first lien | unknown | n/a | unstated | 4 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• C••••• I••••• C•••• | term loan first lien First lien senior secured loan | Non-Affiliated Issuer | $157M | $156M 100c | S+600 bp |
| B••• O•• C••••• I••••• C•••• | revolver first lien First lien senior secured revolving loan | Non-controlled/non-affiliated | 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 | 1 | $157M | $156M | 100c | 0 |
| Mar 31, 2026 | 1 | $169M | $167M | 100c | 0 |
| Dec 31, 2025 | 1 | $170M | $168M | 100c | 0 |
| Sep 30, 2025 | 2 | $251M | $251M | 100c | 0 |
| Jun 30, 2025 | 2 | $251M | $252M | 101c | 0 |
| Mar 31, 2025 | 2 | $252M | $253M | 101c | 0 |
| Dec 31, 2024 | 2 | $490M | $490M | 100c | 4 |
| Sep 30, 2024 | 3 | $253M | $250M | 99c | 6 |
| Jun 30, 2024 | 3 | $252M | $240M | 96c | 6 |
| Mar 31, 2024 | 3 | $249M | $230M | 93c | 6 |
| Dec 31, 2023 | 3 | $260M | $233M | 90c | 0 |
| Sep 30, 2023 | 2 | $46.8M | $40.9M | 88c | 5 |
| Jun 30, 2023 | 3 | $248M | $212M | 86c | 7 |
| Mar 31, 2023 | 3 | $244M | $208M | 86c | 0 |
| Dec 31, 2022 | 3 | $0 | $0 | n/a | 0 |
What changed
- Maturity extended (observed)Dec 31, 2025
- Spread changed (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Spread changed (observed)Mar 31, 2025
- Mark recoveredJun 30, 2024
- PIK interest appearsMar 31, 2024
- PIK interest appearsMar 31, 2024
- Marked down across lendersMar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Marked down (one lender)Mar 31, 2024
- PIK interest appearsMar 31, 2024
- PIK interest appearsMar 31, 2024
- PIK interest appearsMar 31, 2024
- PIK interest appearsMar 31, 2024
- PIK interest appearsMar 31, 2024
- PIK interest appearsMar 31, 2024
- PIK interest appearsJun 30, 2023
- PIK interest appearsJun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- PIK interest appearsJun 30, 2023
- PIK interest appearsJun 30, 2023
- PIK interest appearsJun 30, 2023
- PIK interest appearsJun 30, 2023
- PIK interest appearsJun 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- BETTER BEINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived