DFX Intelligence
Private Credit Intelligence
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Borrower
K••• I••
Softwaregroup grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Principal held
at least $15.5M
sum of BDC pieces, a lower bound
Fair value
$15.5M
102c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Nov 1, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2024
Events
4
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2024 | at least $13.9M | 102c | 13.42% PIK 3.25% | Nov 1, 2027 | 4 |
| first lien delayed draw term loan first lien exited Dec 31, 2024 | at least $1.5M | 102c | 13.42% PIK 3.25% | Nov 1, 2027 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Cash + 3 | $517,099 | $516,851 102c | 13.42% PIK 3.25% |
| B•••••••• D••••• L•••••• C•••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50%Cash + 3.25% PIK Total | $974,566 | $974,098 101c | 13.42% PIK 3.25% |
| B•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Cash + 3.25% PIK To | $517,099 | $516,851 102c | 13.42% PIK 3.25% |
| B•••••••• D••••• L•••••• C•••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Cash + 3.25% PIK Tota | $974,566 | $974,098 101c | 13.42% PIK 3.25% |
| B•••••••• D••••• L•••••• C•••• | term loan first lien First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50%Cash + 3.25% PIK Total Coupon 13. | $974,566 | $974,098 101c | 13.42% PIK 3.25% |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Cash + 3.25% PIK Tota | $970,973 | $970,488 101c | 13.42% PIK 3.25% |
| B•••••••• P•••••• C••••• F••• | delayed draw term loan first lien Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Cash + 3 | $515,193 | $514,935 102c | 13.42% PIK 3.25% |
| B•••••••• T•• C•••••• C•••• | term loan first lien First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50%Cash + 3.25% PIK Total Coupon 13. | $10.0M | $10.0M 102c | 13.42% PIK 3.25% |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 3 | $15.5M | $15.5M | 102c | 8 |
| Sep 30, 2024 | 3 | $12.4M | $12.4M | 102c | 4 |
| Jun 30, 2024 | 3 | $16.3M | $16.3M | 102c | 6 |
| Mar 31, 2024 | 3 | $12.7M | $12.7M | 102c | 5 |
| Dec 31, 2023 | 4 | $17.8M | $17.8M | 102c | 6 |
| Sep 30, 2023 | 4 | $10.4M | $10.4M | 102c | 4 |
| Jun 30, 2023 | 4 | $10.3M | $10.2M | 111c | 4 |
| Mar 31, 2023 | 4 | $10.2M | $10.1M | 111c | 4 |
| Dec 31, 2022 | 4 | $14.3M | $14.0M | 100c | 6 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- Lender left a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Lender left a facilityDec 31, 2024
- Maturity shortened (observed)Sep 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- New borrower on a BDC scheduleDec 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
- KONGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Softwarereportedas one filer wrote it