DFX Intelligence
Private Credit Intelligence
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Borrower
P• I••••••••• H••••••• I••• L••
Trading Companies & Distributorsgroup grade Aon a schedule nowsponsor W••••••••• C•••••• I•••••••• carried
Also written as: 2023; 2024; Parts Town; PT I••••••••• Holding III, LLC
Principal held
at least $698M
sum of BDC pieces, a lower bound
Fair value
$697M
100c on cost, debt pieces
Unfunded
$2.2M
commitments not yet drawn
BDC lenders
25
18 on the latest quarter
Facilities
5
2 equity pieces beside them
Next maturity
Apr 1, 2030
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Jun 30, 2026
Events
16
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 $434M | 100c | SOFR+475 bp | Apr 9, 2030 | 18 |
| delayed draw term loan lien unstated | at least $247M | 100c | S+475 bp | Apr 9, 2030 | 10 |
| term loan lien unstated | at least $17.1M | n/a | 8.48% | Apr 9, 2030 | 2 |
| first lien delayed draw term loan first lien | unknown | n/a | unstated | 8 | |
| other lien unstated | unknown | 126c | unstated | 13 |
Equity pieces beside the debt: equity ($1.8M fair value, 2 BDCs), preferred equity ($3.8M fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•• B••• L•• | delayed draw term loan lien unstated | $8.1M | $8.1M 101c | S+475 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated Non-Affiliated Issuer | $176M | $176M 100c | S+475 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated Non-Affiliated Issuer | $63.5M | $63.5M 100c | S+475 bp |
| G•••••• S•••• B••• I••• | term loan first lien 1st Lien/S••••• S•••••• Debt Industry Trading Companies & Distributors Interest Rate 8.48% | $34.8M | $34.2M 99c | SOFR+475 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st Lien/S••••• S•••••• Debt Industry Trading Companies & Distributors Interest Rate 8.48% | $134M | $132M 99c | SOFR+475 bp |
| G•••• C•••••• B••• I••• | unstated lien unstated LLC interest | Non-Affiliated Issuer | n/a | $2.2M 126c | |
| G•••• C•••••• B••• I••• | term loan first lien One stop | Non-Affiliated Issuer | $21.5M | $21.5M 100c | S+475 bp |
| J•••••••• C••••• P••••••• B•• I••• | term loan first lien Type First Lien Term Loan Reference Rate and Spread S + 4.75% Maturity Date 4/9/2030 | $20.6M | $20.6M 100c | SOFR+475 bp |
| J•••••••• C••••• P••••••• B•• I••• | delayed draw term loan first lien Investment Type First Lien Delayed Draw Term Loan | n/a | $-22,000 | |
| L••• A••••• P•••••• C••••• F••• | term loan lien unstated Term Loan) [Member] | $15.2M | $15.0M | 8.48% |
| L••• A••••• P•••••• C••••• F••• S• | term loan lien unstated Term Loan) [Member] | $2.0M | $1.9M | 8.48% |
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien Investment First Lien Debt Reference Rate and Spread S + 4.75% Interest Rate 8.48% Maturit | $43.0M | $43.0M 101c | SOFR+475 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment First Lien Debt Reference Rate & Spread S + 4.75% Interest Rate 8.48% Maturity | $55.4M | $55.4M 101c | SOFR+475 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment First Lien Debt Reference Rate and Spread S + 4.75% Maturity Date 4/9/2030 | $6.7M | $6.7M 100c | SOFR+475 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien First Lien Debt | $3.7M | $3.7M 98c | S+475 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien Delayed Draw Loan | n/a | n/a | |
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien First Lien Debt | $12.7M | $12.7M 101c | S+475 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien First Lien S••••• S•••••• Loan Interest Rate 8.45% (S + 4.75%) Maturity Date 4/9/2030 | $10.1M | $10.0M 99c | 8.45% |
| P•••••• S••••• B•• L•• | term loan first lien 1st Lien/S••••• S•••••• Debt Industry Trading Companies & Distributors Interest Rate 8.48% | $14.3M | $14.1M 99c | SOFR+475 bp |
| S••••• C••••• I••••••••• L•• | term loan first lien Type First Lien Term Loan Reference Rate and Spread S + 4.75% Maturity Date 4/9/2030 | $8.7M | $8.7M 100c | SOFR+475 bp |
| T• S••••• B•• L•• | term loan first lien First Lien Debt Reference Rate and Spread 4.75% Interest Rate 8.48% Maturity Date 04/09/20 | $32.4M | $32.4M 101c | SOFR+475 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien First Lien Debt | $35.7M | $35.7M 100c | S+475 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 | 18 | $698M | $695M | 102c | 0 |
| Mar 31, 2026 | 16 | $690M | $688M | 100c | 10 |
| Dec 31, 2025 | 16 | $943M | $916M | 100c | 35 |
| Sep 30, 2025 | 16 | $692M | $678M | 100c | 21 |
| Jun 30, 2025 | 17 | $661M | $642M | 100c | 24 |
| Mar 31, 2025 | 17 | $660M | $643M | 100c | 28 |
| Dec 31, 2024 | 17 | $1.1B | $1.1B | 100c | 49 |
| Sep 30, 2024 | 16 | $656M | $639M | 100c | 19 |
| Jul 31, 2024 | 1 | $3.8M | $3.6M | 100c | 0 |
| Jun 30, 2024 | 15 | $604M | $599M | 100c | 16 |
| Mar 31, 2024 | 12 | $340M | $331M | 100c | 0 |
| Dec 31, 2023 | 14 | $437M | $426M | 100c | 0 |
| Sep 30, 2023 | 12 | $341M | $328M | 99c | 0 |
| Jun 30, 2023 | 11 | $328M | $258M | 97c | 0 |
What changed
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityMar 31, 2025
- Lender left a facilityMar 31, 2025
- Lender left a facilityMar 31, 2025
- Lender left a facilityMar 31, 2025
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
Sponsor
- W••••••••• C•••••• I••••••••
- the sponsor's own portfolio page lists a company of this nameestimatedwindjammercapital.com"portfolio card on https://www.windjammercapital.com/investments: October 2019 | Distribution/Food Service Equipment Components"
- L•••••• G•••• • P•••••••• L•••
- the sponsor's own portfolio page lists a company of this nameestimatedleonardgreen.com"portfolio card on https://www.leonardgreen.com/portfolio/: P•••• T••• | Addison, IL | partstown.com | P•••• T••• is a leading, technology-enabled parts distributor and service provider to the foodserv"
Identity
- Group key
- PT INTERMEDIATE HOLDING IIIderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 25 BDCsderived
- Industry
- Trading Companies & Distributorsreportedas one filer wrote it