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
B••• B•• B••••• I••
group grade Aon a schedule nowsponsor unattributed
Also written as: Buildertrend
Principal held
at least $145M
sum of BDC pieces, a lower bound
Fair value
$141M
98c on cost, debt pieces
Unfunded
$41.4M
commitments not yet drawn
BDC lenders
5
2 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Dec 1, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
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 $145M | 98c | S+575 bp | Dec 1, 2028 | 5 |
| first lien revolver first lien | unknown | n/a | unstated | 5 | |
| first lien delayed draw term loan first lien | unknown | n/a | unstated | 2 | |
| other lien unstated exited Dec 31, 2023 | at least $78.7M | 101c | PIK 7.50% | Dec 1, 2026 | 1 |
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 | $71.2M | $69.8M 98c | S+575 bp |
| B••• O•• C••••• I••••• C•••• | delayed draw term loan first lien First lien senior secured delayed draw term loan | Non-controlled/non-affiliated | n/a | n/a | |
| B••• O•• C••••• I••••• C•••• | revolver first lien First lien senior secured revolving loan | Non-controlled/non-affiliated | n/a | n/a | |
| B••• O•• T••••••••• F•••••• C•••• | revolver first lien First lien senior secured revolving loan | Non-Affiliated Issuer | n/a | $-199,000 | |
| B••• O•• T••••••••• F•••••• C•••• | delayed draw term loan first lien First lien senior secured delayed draw term loan | Non-Affiliated Issuer | n/a | $-166,000 | |
| B••• O•• T••••••••• F•••••• C•••• | term loan first lien First lien senior secured loan | Non-Affiliated Issuer | $73.4M | $72.0M 98c | S+575 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 | 2 | $145M | $141M | 98c | 0 |
| Mar 31, 2026 | 2 | $145M | $142M | 98c | 0 |
| Dec 31, 2025 | 4 | $167M | $167M | 100c | 0 |
| Sep 30, 2025 | 4 | $167M | $167M | 100c | 0 |
| Jun 30, 2025 | 4 | $167M | $167M | 100c | 0 |
| Mar 31, 2025 | 4 | $168M | $168M | 100c | 0 |
| Dec 31, 2024 | 4 | $229M | $229M | 100c | 0 |
| Sep 30, 2024 | 5 | $166M | $166M | 101c | 5 |
| Jun 30, 2024 | 5 | $163M | $163M | 101c | 5 |
| Mar 31, 2024 | 5 | $160M | $160M | 101c | 5 |
| Dec 31, 2023 | 5 | $236M | $236M | 101c | 6 |
| Sep 30, 2023 | 4 | $99.2M | $99.2M | 101c | 0 |
| Jun 30, 2023 | 5 | $154M | $154M | 101c | 5 |
| Mar 31, 2023 | 5 | $151M | $151M | 101c | 5 |
| Dec 31, 2022 | 5 | $147M | $147M | 101c | 5 |
| Sep 30, 2022 | 1 | $51.9M | $51.9M | 101c | 1 |
| Dec 31, 2021 | 1 | $47.7M | $47.4M | 100c | 0 |
What changed
- New lender joined a facilityJun 30, 2026
- Spread changed (observed)Mar 31, 2026
- Maturity extended (observed)Dec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Lender left a facilityDec 31, 2025
- Spread changed (observed)Dec 31, 2024
- PIK interest appearsDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- PIK interest appearsDec 31, 2023
- PIK interest appearsDec 31, 2023
- PIK interest appearsDec 31, 2023
- PIK interest appearsDec 31, 2023
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)Mar 31, 2023
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- Spread increasedDec 31, 2022
- New lender joined a facilityDec 31, 2022
- Spread changed (observed)Dec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined 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
- B••• BSIderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived