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
Mobotrex Acquisition, LLC
Trading Companies & Distributorsgroup grade Aon a schedule nowsponsor unattributed
Also written as: LL; LLC Amendment No. 4; LLC Belt Power Parent; LLC Type; LLC Type RDelayed Draw; Mobotrex; Mobotrex Ultimate Holdings
Principal held
at least $65.4M
sum of BDC pieces, a lower bound
Fair value
$66.8M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
5
4 on the latest quarter
Facilities
6
2 equity pieces beside them
Next maturity
Jun 7, 2030
no dated debt inside 24 months
On the tape since
Jun 30, 2024
latest Jun 30, 2026
Events
5
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 $54.9M | 100c | SOFR+500 bp | Jun 7, 2031 | 4 |
| first lien term loan first lien | at least $6.2M | 100c | SOFR+500 bp | Jun 7, 2030 | 1 |
| revolver lien unstated | at least $2.2M | 100c | SOFR+500 bp | Jun 7, 2031 | 4 |
| delayed draw term loan lien unstated | at least $1.0M | 100c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+500 bp | Jun 7, 2031 | 4 |
| first lien delayed draw term loan first lien | at least $686,000 | 96c | SOFR+500 bp | Jun 6, 2031 | 1 |
| first lien revolver first lien | at least $396,000 | 100c | SOFR+500 bp | Jun 7, 2030 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Fidelity Private Credit Fund | revolver lien unstated Revolving Credit Facility Reference Rate and Spread SOFR + 5.00% Interest Rate 8.73% Matur | $1.8M | $1.7M 100c | SOFR+500 bp |
| Fidelity Private Credit Fund | term loan lien unstated Term Loan Reference Rate and Spread SOFR + 5.00% Interest Rate 8.73% Maturity Date 6/7/203 | $40.7M | $40.2M 100c | SOFR+500 bp |
| Fidelity Private Credit Fund | equity equity Class A-2 Units | n/a | $2.2M 147c | |
| Fidelity Private Credit Fund | delayed draw term loan lien unstated Delayed Draw Term Loan Reference Rate and Spread SOFR + 5.00% Interest Rate 8.73% Maturity | $481,237 | $461,461 100c | SOFR+500 bp |
| Stellus Capital Investment Corp | revolver lien unstated Term Loan Revolver | $57,925 | $57,635 99c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+500 bp |
| Stellus Capital Investment Corp | term loan lien unstated Term Loan | $5.1M | $5.1M 101c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+500 bp |
| Stellus Capital Investment Corp | delayed draw term loan lien unstated Delayed Draw Term Loan | $255,523 | $254,245 100c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+500 bp |
| Stellus Capital Investment Corp | term loan lien unstated Term Loan One | $3.6M | $3.6M 101c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+500 bp |
| Stellus Private Credit BDC | term loan lien unstated Term Loan | $2.1M | $2.1M 100c | SOFR+500 bp |
| Stellus Private Credit BDC | term loan lien unstated Term Loan (PBDC SPV) One | $674,162 | $670,791 100c | SOFR+500 bp |
| Stellus Private Credit BDC | delayed draw term loan lien unstated Delayed Draw Term Loan | $275,159 | $273,783 100c | SOFR+500 bp |
| Stellus Private Credit BDC | term loan lien unstated Term Loan (PBDC SPV) | $753,390 | $749,623 100c | SOFR+500 bp |
| Stellus Private Credit BDC | term loan lien unstated Term Loan One | $1.9M | $1.9M 100c | SOFR+500 bp |
| Stellus Private Credit BDC | revolver lien unstated Revolver | $362,544 | $360,731 99c | SOFR+500 bp |
| Stepstone Private Credit Fund LLC | revolver first lien Revolving Loan | NCNA Debt Inv. | First Lien Senior Secured Loan | Reference Rate Spread / | $396,000 | $388,000 100c | SOFR+500 bp |
| Stepstone Private Credit Fund LLC | term loan first lien Term Loan | NCNA Debt Inv. | First Lien Senior Secured Loan | Reference Rate Spread / Floo | $6.2M | $6.1M 100c | SOFR+500 bp |
| Stepstone Private Credit Fund LLC | delayed draw term loan first lien Delayed Draw Term Loan | NCNA Debt Inv. | First Lien Senior Secured Loan | Reference Rate | $686,000 | $646,000 96c | SOFR+500 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 | 4 | $65.4M | $64.7M | 100c | 0 |
| Mar 31, 2026 | 5 | $71.8M | $71.5M | 101c | 0 |
| Dec 31, 2025 | 5 | $79.4M | $78.5M | 100c | 0 |
| Sep 30, 2025 | 4 | $43.6M | $43.5M | 102c | 0 |
| Jun 30, 2025 | 4 | $41.5M | $41.1M | 101c | 0 |
| Mar 31, 2025 | 4 | $40.4M | $39.8M | 100c | 0 |
| Dec 31, 2024 | 2 | $36.8M | $35.9M | 100c | 0 |
| Sep 30, 2024 | 2 | $7.4M | $7.4M | 103c | 0 |
| Jun 30, 2024 | 2 | $7.5M | $7.2M | 100c | 0 |
What changed
- Marked down (one lender)Jun 30, 2026
- Spread changed (observed)Mar 31, 2026
- Spread increasedMar 31, 2026
- Maturity extended (observed)Dec 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
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Maturity extended (observed)Mar 31, 2025
- New lender joined a facilityMar 31, 2025
- New lender joined a facilityMar 31, 2025
- New borrower on a BDC scheduleJun 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- MOBOTREXderivedthe codename stem after legal suffixes and deal words
- Spellings
- 3 across 5 BDCsderived
- Industry
- Trading Companies & Distributorsreportedas one filer wrote it