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

V•••••••• M••••••••• L••

group grade Aon a schedule nowsponsor S•••• H•••• C••••••• L•• carried
Principal held
at least $13.6M
sum of BDC pieces, a lower bound
Fair value
$9.2M
100c on cost, debt pieces
Unfunded
$3.8M
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
5
1 equity pieces beside them
Next maturity
Nov 25, 2029
no dated debt inside 24 months
On the tape since
Mar 31, 2022
latest Jun 30, 2026
Events
9
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $7.6M100cS+525 bpNov 25, 20292
first lien delayed draw term loan first lienat least $4.5M101cS+525 bpNov 25, 20291
first lien revolver first lienat least $1.5M100cS+525 bpNov 25, 20291
revolver lien unstated
exited Mar 31, 2025
unknownn/aunstated1
delayed draw term loan lien unstated
exited Mar 31, 2024
unknownn/aunstated1
Equity pieces beside the debt: other (n/a fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
T•• T••• B•••• C•••••• I••••• F•••unstated lien unstatedn/an/a
T•• T••• B•••• C•••••• I••••• F•••unstated lien unstatedn/an/a
T•• T••• B•••• C•••••• I••••• F•••delayed draw term loan first lien
First lien senior secured delayed draw term loan
$4.5M$634,000
101c
S+525 bp
T•• T••• B•••• C•••••• I••••• F•••term loan first lien
First lien senior secured term loan
$7.6M$7.5M
100c
S+525 bp
T•• T••• B•••• C•••••• I••••• F•••revolver first lien
First lien senior secured revolving loan
$1.5M$1.0M
100c
S+525 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$13.6M$9.2M100c0
Mar 31, 20261$13.8M$8.8M100c0
Dec 31, 20251$27.6M$17.6M100c0
Sep 30, 20251$13.8M$7.8M100c0
Jun 30, 20251$13.8M$7.8M100c0
Mar 31, 20252$13.9M$7.8M100c0
Dec 31, 20242$13.9M$7.6M100c0
Sep 30, 20241$24.4M$24.1M100c0
Jun 30, 20241$24.3M$24.3M102c0
Mar 31, 20241$24.4M$24.4M102c0
Dec 31, 20232$24.4M$24.4M102c0
Sep 30, 20231$24.4M$24.4M102c0
Jun 30, 20231$15.9M$15.9M102c0
Mar 31, 20231$15.9M$15.6M100c0
Dec 31, 20221$13.5M$13.2M101c0
Sep 30, 20221$13.5M$13.2M101c0
Mar 31, 20221$0$0n/a0
What changed
Every change including routine ones
Identity
Group key
VERSICAREderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 2 BDCsderived