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
KL Stockton Intermediate II, LLC
Energy Equipment and Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: KL Stockton Intermediate, LLC; LLC PIK
Principal held
at least $2.3M
sum of BDC pieces, a lower bound
Fair value
$2.4M
94c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
2 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
May 23, 2031
no dated debt inside 24 months
On the tape since
Jun 30, 2024
latest Jun 30, 2026
Events
2
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 $2.3M | 94c | //stepstoneprivate.com/20260630#Fixed+1300 bp | May 23, 2031 | 3 |
Equity pieces beside the debt: preferred equity ($366,000 fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| PennantPark Floating Rate Capital Ltd. | preferred equity equity Preferred Equity Preferred Equity - Class C Acquisition 7/16/2021 Industry Energy Equipmen | n/a | $366,000 1525c | |
| Stepstone Private Credit Fund LLC | term loan first lien Term Loan | NCNA Debt Inv. | First Lien Senior Secured Loan | 5/23/2031 | $2.3M | $2.1M 94c | //stepstoneprivate.com/20260630#Fixed+1300 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 | 2 | $2.3M | $2.1M | 94c | 0 |
| Mar 31, 2026 | 4 | $3.5M | $3.4M | 101c | 3 |
| Dec 31, 2025 | 3 | $5.9M | $5.8M | 102c | 5 |
| Sep 30, 2025 | 3 | $3.3M | $3.2M | 99c | 3 |
| Jun 30, 2025 | 3 | $3.2M | $3.2M | 101c | 3 |
| Mar 31, 2025 | 3 | $3.1M | $3.0M | 100c | 3 |
| Dec 31, 2024 | 3 | $9.5M | $9.3M | 100c | 7 |
| Sep 30, 2024 | 3 | $2.9M | $2.9M | 101c | 2 |
| Jun 30, 2024 | 3 | $2.8M | $2.7M | 100c | 2 |
What changed
- Marked down across lendersJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- PIK interest appearsDec 31, 2024
- New borrower on a BDC scheduleJun 30, 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
- KL STOCKTONderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 4 BDCsderived
- Industry
- Energy Equipment and Servicesreportedas one filer wrote it