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
Red Fox CD Acquisition Corp
Construction Materialsgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $285M
sum of BDC pieces, a lower bound
Fair value
$282M
101c on cost, debt pieces
Unfunded
$4.1M
commitments not yet drawn
BDC lenders
6
5 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Mar 4, 2030
no dated debt inside 24 months
On the tape since
Mar 31, 2024
latest Jun 30, 2026
Events
3
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| delayed draw term loan lien unstated | at least $244M | 101c | S+600 bp | Mar 4, 2030 | 5 |
| first lien delayed draw term loan first lien | at least $40.3M | 101c | SOFR+600 bp | Mar 4, 2030 | 3 |
| other lien unstated exited Jun 30, 2025 | at least $196M | 102c | S+600 bp | Mar 4, 2030 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Antares Private Credit Fund | delayed draw term loan first lien First Lien Delayed Draw Term Loan Reference Rate and Spread S + 6.00% Interest Rate 9.75% | $13.5M | $13.4M 101c | SOFR+600 bp |
| Antares Private Credit Fund | delayed draw term loan first lien Delayed Draw Term Loan Commitment Expiration Date 11/23/2026 | n/a | $-0 | |
| Antares Strategic Credit Fund | delayed draw term loan first lien Delayed Draw Term Loan Commitment Expiration Date 11/23/2026 | n/a | $-0 | |
| Antares Strategic Credit Fund | delayed draw term loan first lien First Lien Delayed Draw Term Loan Reference Rate and Spread S + 6.00% Interest Rate 9.75% | $26.7M | $26.4M 101c | SOFR+600 bp |
| Blackstone Private Credit Fund | delayed draw term loan lien unstated Non-Affiliated Issuer | $107M | $106M 101c | S+600 bp |
| Blackstone Private Credit Fund | delayed draw term loan lien unstated Non-Affiliated Issuer | $38.4M | $38.1M 101c | S+600 bp |
| Blackstone Private Credit Fund | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| Blackstone Secured Lending Fund | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| Blackstone Secured Lending Fund | delayed draw term loan lien unstated Non-Affiliated Issuer | $26.3M | $26.1M 101c | S+600 bp |
| Blackstone Secured Lending Fund | delayed draw term loan lien unstated Non-Affiliated Issuer | $72.9M | $72.3M 101c | S+600 bp |
| MSD Investment Corp. | delayed draw term loan lien unstated Delayed Draw Commitment Expiration Date 11/21/2026 | n/a | n/a | |
| MSD Investment Corp. | delayed draw term loan lien unstated Delayed Draw Commitment Expiration Date 11/21/2026 | n/a | n/a |
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 | 5 | $285M | $282M | 101c | 0 |
| Mar 31, 2026 | 5 | $261M | $258M | 101c | 0 |
| Dec 31, 2025 | 5 | $276M | $267M | 102c | 0 |
| Sep 30, 2025 | 5 | $240M | $233M | 102c | 0 |
| Jun 30, 2025 | 6 | $238M | $230M | 102c | 0 |
| Mar 31, 2025 | 5 | $214M | $211M | 102c | 0 |
| Dec 31, 2024 | 5 | $417M | $404M | 102c | 0 |
| Sep 30, 2024 | 4 | $214M | $203M | 102c | 0 |
| Jun 30, 2024 | 4 | $193M | $192M | 102c | 0 |
| Mar 31, 2024 | 2 | $194M | $190M | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Lender left a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Lender left a facilityDec 31, 2024
- Lender left a facilityJun 30, 2024
- New borrower on a BDC scheduleMar 31, 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
- RED FOX CDderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived
- Industry
- Construction Materialsreportedas one filer wrote it