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.
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Borrower
F•• P••••• H•••••• C•••
Paper and Forest Productsgroup grade Aon a schedule nowsponsor unattributed
Also written as: Kamps P•••••s
Principal held
at least $41.0M
sum of BDC pieces, a lower bound
Fair value
$40.5M
99c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
6
5 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Dec 23, 2026
$41.0M inside 24 months
On the tape since
Dec 31, 2022
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 |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $41.0M | 99c | SOFR+690 bp | Dec 23, 2026 | 6 |
| other lien unstated exited Dec 31, 2024 | at least $15.6M | 98c | S+600 bp | Dec 23, 2026 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.25% Spread 6.90% Total Coupon 10.57% M | $1.2M | $1.2M 98c | SOFR+690 bp |
| B•••••••• D••••• L•••••• C•••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.25% Spread 6.40% Total Coupon 10.14% M | $990,688 | $969,836 98c | SOFR+640 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.25% Spread 6.90% Total Coupon 10.57% M | $1.3M | $1.3M 98c | SOFR+690 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.25% Spread 6.40% Total Coupon 10.14% M | $1.0M | $1.0M 98c | SOFR+640 bp |
| B•••••••• T•• C•••••• C•••• | term loan first lien First Lien Term Loan Ref SOFR(Q) Floor 1.25% Spread 6.90% Total Coupon 10.57% Maturity 12/ | $11.3M | $11.0M 99c | SOFR+690 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien First Lien Debt | $8.0M | $7.9M 99c | S+625 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien First Lien Debt 2 | $655,000 | $651,000 100c | S+675 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien First Lien Debt 1 | $16.5M | $16.4M 100c | S+625 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 | 5 | $41.0M | $40.5M | 99c | 0 |
| Mar 31, 2026 | 5 | $32.5M | $32.1M | 100c | 0 |
| Dec 31, 2025 | 5 | $32.6M | $32.2M | 100c | 0 |
| Sep 30, 2025 | 5 | $33.3M | $33.0M | 100c | 0 |
| Jun 30, 2025 | 5 | $33.3M | $33.0M | 100c | 0 |
| Mar 31, 2025 | 5 | $34.9M | $34.5M | 100c | 0 |
| Dec 31, 2024 | 5 | $53.3M | $52.5M | 100c | 0 |
| Sep 30, 2024 | 3 | $19.4M | $19.4M | 103c | 0 |
| Jun 30, 2024 | 5 | $32.7M | $31.5M | 99c | 0 |
| Mar 31, 2024 | 5 | $32.7M | $31.5M | 99c | 0 |
| Dec 31, 2023 | 6 | $34.4M | $33.3M | 99c | 0 |
| Sep 30, 2023 | 6 | $32.9M | $31.9M | 99c | 0 |
| Jun 30, 2023 | 6 | $33.0M | $32.1M | 104c | 0 |
| Mar 31, 2023 | 6 | $33.1M | $32.2M | 105c | 0 |
| Dec 31, 2022 | 2 | $16.0M | $15.7M | 100c | 0 |
What changed
- Maturity approachingDec 23, 2026
- Maturity approachingDec 23, 2026
- Maturity approachingDec 23, 2026
- Spread increasedJun 30, 2026
- New lender joined a facilityDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Spread changed (observed)Jun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedDec 31, 2023
- Spread increasedDec 31, 2023
- Spread increasedMar 31, 2023
- Spread increasedMar 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- FSK PALLETderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived
- Industry
- Paper and Forest Productsreportedas one filer wrote it