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.
23 borrower groups currently held
A borrower group is every spelling of one credit agreement's borrower across the BDCs that hold it (Icefall Parent, Icefall Topco and Icefall Bidco are one). Grade A and B groups are listed; a short one-word stem (grade C) is kept apart and never merged across filers. Principal is the sum of BDC pieces and is a lower bound.
| Borrower | Sponsor | BDCs | Principal held | On cost | Next maturity | First seen |
|---|---|---|---|---|---|---|
| Sigma Defense Systems, LLC Telecommunications | unattributed | 3 | at least $90.5M | 100c | Dec 18, 2027 | Sep 30, 2022 |
| LiveOak Fiber Holdings Telecommunications | unattributed | 2 | at least $50.1M | 99c | Apr 8, 2031 | Jun 30, 2026 |
| Meriplex Communications, Ltd Telecommunications | unattributed | 3 | at least $45.7M | 96c | Jul 17, 2028 | Sep 30, 2022 |
| Omni Fiber, LLC Telecommunications | unattributed | 2 | at least $38.4M | 99c | Jul 3, 2030 | Jun 30, 2025 |
| Syniverse Holdings, Inc Telecommunications | unattributed | 6 | at least $34.7M | 88c | May 13, 2027 | Dec 31, 2021 |
| Taoglas Telecommunications · grade B | unattributed | 2 | at least $30.6M | 101c | Feb 28, 2029 | Mar 31, 2023 |
| U.S. TelePacific Corp Telecommunications | Siris Capital Group, LLC carried | 4 | at least $25.1M | 52c | May 2, 2027 | Dec 31, 2021 |
| Vertical Bridge, LLC Telecommunications | Digitalbridge Investment Management, LLC carried | 1 | at least $16.1M | 100c | Mar 15, 2056 | Jun 30, 2024 |
| Substantial Holdco Limited Telecommunications | unattributed | 2 | at least $10.3M | 99c | Apr 20, 2030 | Sep 30, 2025 |
| Secured Loans United States of America Radiate Holdco LLC Telecommunications Rate S+4.00%, 1.00% Floor | unattributed | 1 | at least $10.0M | 101c | Jun 26, 2029 | Dec 31, 2025 |
| Mecp1 Reno 1, LLC Telecommunications | unattributed | 1 | at least $9.3M | 99c | Dec 18, 2028 | Jun 30, 2026 |
| Secured Loans United States of America KORE Wireless Group Inc Telecommunications Rate S+6.50%, 1.00% Floor | unattributed | 1 | at least $5.1M | 101c | Nov 9, 2028 | Dec 31, 2023 |
| Belden Inc Telecommunications | unattributed | 4 | at least $2.8M | 100c | Jun 10, 2033 | Jun 30, 2026 |
| Ligado Networks LLC - DIP Roll-up Telecommunications | unattributed | 1 | at least $2.7M | 87c | Dec 31, 2026 | Mar 31, 2025 |
| Altafiber Telecommunications | unattributed | 1 | at least $2.0M | 100c | Nov 22, 2028 | Mar 31, 2025 |
| Cincinnati Bell, Inc Telecommunications | unattributed | 2 | at least $2.0M | 100c | Nov 22, 2028 | Dec 31, 2022 |
| Ligado Networks LLC - DIP Facility Telecommunications | unattributed | 1 | at least $1.4M | 89c | Dec 31, 2026 | Mar 31, 2025 |
| Ciena Corporation Telecommunications | unattributed | 3 | at least $973,000 | 100c | Oct 24, 2030 | Mar 31, 2023 |
| Sunrise Financing Partnership Telecommunications | unattributed | 2 | at least $638,000 | 99c | Feb 15, 2032 | Jun 30, 2024 |
| Ligado Networks LLC - DIP Facility - Backstop Telecommunications | unattributed | 1 | at least $318,000 | 29c | Dec 31, 2027 | Dec 31, 2025 |
| EvolveIP, LLC Telecommunications | unattributed | 2 | unknown | n/a | unstated | Dec 31, 2021 |
| UniTek Global Services, Inc Telecommunications | NEW Mountain Capital, LLC carried | 5 | unknown | n/a | unstated | Dec 31, 2020 |
| Warrants UniTek Global Services, Inc Telecommunications | unattributed | 1 | unknown | n/a | unstated | Sep 30, 2024 |
Principal and marks are the filers' figures at each BDC's latest quarter end, summed. Maturity is the filer's tagged date or the date written into the identifier; a BDC that tags neither leaves it unstated.