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

C••••• E••••••••• L••

Hotels, Restaurants & Leisuregroup grade Aon a schedule nowsponsor unattributed
Also written as: Crumbl
Principal held
at least $267M
sum of BDC pieces, a lower bound
Fair value
$264M
100c on cost, debt pieces
Unfunded
$7.2M
commitments not yet drawn
BDC lenders
9
9 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
May 1, 2032
no dated debt inside 24 months
On the tape since
Jun 30, 2025
latest Jun 30, 2026
Events
1
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 $180M100cSOFR+450 bpMay 5, 20327
revolver lien unstatedat least $86.6M98cS+450 bpMay 5, 20322
first lien revolver first lienunknownn/aSOFR+450 bpMay 5, 20322
other lien unstatedunknownn/aunstated3
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
B••••••••• P•••••• C••••• F•••revolver lien unstated
Non-Affiliated Issuer
$85.1M$82.8M
98c
S+450 bp
B••••••••• P•••••• C••••• F•••revolver lien unstated
Revolver
n/an/a
B••••••••• S•••••• L•••••• F•••revolver lien unstated
Non-Affiliated Issuer
$1.5M$1.4M
98c
S+450 bp
B••••••••• S•••••• L•••••• F•••revolver lien unstated
Revolver
n/an/a
G•••• C•••••• B•• 4• I•••term loan first lien
One stop 1
$17.7M$17.7M
100c
S+450 bp
G•••• C•••••• B•• 4• I•••term loan first lien
One stop 2
$0$0
0c
G•••• C•••••• B••• I•••term loan first lien
One stop 1 | Non-Affiliated Issuer
$0$0
0c
G•••• C•••••• B••• I•••term loan first lien
One stop 2 | Non-Affiliated Issuer
$32.1M$32.1M
100c
S+450 bp
G•••• C•••••• D••••• L•••••• C•••term loan first lien
One stop 1
$0$0
0c
G•••• C•••••• D••••• L•••••• C•••term loan first lien
One stop 2
$4.3M$4.3M
100c
S+450 bp
G•••• C•••••• D••••• L•••••• U•••••••• C•••term loan first lien
One stop 1
$2.1M$2.1M
100c
S+450 bp
G•••• C•••••• D••••• L•••••• U•••••••• C•••term loan first lien
One stop 2
$0$0
0c
G•••• C•••••• P•••••• C••••• F•••term loan first lien
One stop 2
$0$0
0c
G•••• C•••••• P•••••• C••••• F•••term loan first lien
One stop 1
$115M$115M
100c
S+450 bp
M••••• A••••• I••••••••• P•••••• L••••••unstated lien unstatedn/an/a
M••••• A••••• I••••••••• P•••••• L••••••revolver first lien
First Lien S•••••• Debt - Revolver S+450, 0.75% Floor Maturity Date 05/05/32
n/a$-3,000
150c
SOFR+450 bp
M••••• F•••••••• I••••••••• C•••term loan first lien
First Lien S•••••• Debt - Term Loan, SOFR+450, 0.75% Floor, Maturity Date 05/05/32
$9.2M$9.0M
99c
SOFR+450 bp
M••••• F•••••••• I••••••••• C•••revolver first lien
First Lien S•••••• Debt - Revolver, SOFR+450, 0.75% Floor, Maturity Date 05/05/32
n/a$-12,000
200c
SOFR+450 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20269$267M$264M100c0
Mar 31, 20269$267M$265M100c0
Dec 31, 20259$268M$267M100c0
Sep 30, 20259$449M$448M100c0
Jun 30, 20259$275M$273M100c0
What changed
Identity
Group key
CRUMBLderivedthe codename stem after legal suffixes and deal words
Spellings
2 across 9 BDCsderived
Industry
Hotels, Restaurants & Leisurereportedas one filer wrote it