DFX Intelligence
Private Credit Intelligence
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Facility
R••••••• N•• G••••• I•• second lien term loan
second lienoff every schedule since Jun 30, 2024IT Services
Principal held
at least $119M
sum of BDC pieces, a lower bound
Fair value
$4.6M
4c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+950 bp
floor 1.00%
PIK
none stated
Maturity
Dec 20, 2025
tagged by the filer
Lenders
0 holding
3 exited · 0 named on a deal
On the tape
10 quarters
Mar 31, 2022 to Jun 30, 2024
Lender group
every BDC that holds or held a piece; each row is that lender's own figures
| Lender | Status | Principal | Fair value | Spread | Held |
|---|---|---|---|---|---|
| P••••••• C•••••• C••• P••••••• C•••••• MANAGEMENT L.P. | exited · 2 pieces | $100M | $3.9M 4c | 950 bp | Jun 30, 2022 to Jun 30, 2024 |
| C•••••• S•••••••• C••• C•••••• S•••••••• C••• | exited | $10.5M | $399,000 4c | 950 bp | Mar 31, 2022 to Jun 30, 2024 |
| G•••• E•• C•••••• C•••• G•••• E•• C•••••• MANAGEMENT, LLC | exited · 2 pieces | $8.0M | $289,000 4c | Jun 30, 2024 to Jun 30, 2024 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Jun 30, 2024 | 3 | $119M | 4c | 950 bp | Dec 20, 2025 | |
| Mar 31, 2024 | 2 | $60.5M | 30c | 950 bp | Dec 20, 2025 | |
| Dec 31, 2023 | 2 | $60.5M | 68c | 950 bp | Dec 20, 2025 | |
| Sep 30, 2023 | 1 | $10.5M | 54c | 950 bp | Dec 20, 2025 | |
| Jun 30, 2023 | 2 | $60.5M | 82c | 950 bp | Dec 20, 2025 | |
| Mar 31, 2023 | 2 | $60.5M | 78c | 950 bp | Dec 20, 2025 | |
| Dec 31, 2022 | 2 | $60.5M | 79c | 950 bp | Dec 20, 2025 | |
| Sep 30, 2022 | 2 | $60.5M | 93c | 950 bp | Dec 20, 2025 | |
| Jun 30, 2022 | 1 | $50.0M | 101c | 950 bp | ||
| Mar 31, 2022 | 1 | $10.5M | 102c | 950 bp | Dec 20, 2025 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Jun 30, 2024R••••••• N•• G••••• I•• term loan (second lien) left every BDC schedule after 2024-06-30 (3 lenders, $118.5M last held)
- Marked down across lenders Jun 30, 2024R••••••• N•• G••••• I•• term loan: marked from 30 to 4 cents on cost across 3 lender(s)
- New lender joined a facility Jun 30, 2024G•••• E•• C•••••• C•••• joins R••••••• N•• G••••• I•• term loan (second lien) held by 2 other BDCs
- Marked down across lenders Mar 31, 2024R••••••• N•• G••••• I•• term loan: marked from 68 to 30 cents on cost across 2 lender(s)
- Mark recovered Dec 31, 2023R••••••• N•• G••••• I•• term loan: marked from 54 to 68 cents on cost
- Marked down across lenders Dec 31, 2022R••••••• N•• G••••• I•• term loan: marked from 93 to 79 cents on cost across 2 lender(s)
- Marked down across lenders Sep 30, 2022R••••••• N•• G••••• I•• term loan: marked from 101 to 93 cents on cost across 2 lender(s)
- New lender joined a facility Jun 30, 2022P••••••• C•••••• C••• joins R••••••• N•• G••••• I•• term loan (second lien) held by 1 other BDC
Other pieces of this borrower's structure
- at least $9.8M
- first lien revolverexited Jun 30, 2024at least $10.0M
- term loanexited Mar 31, 2025at least $3.6M
- unsecured or subordinated term loanexited Mar 31, 2026at least $3.6M
- $0
- $0
- otherexited Jun 30, 2023$8.9M
How this facility is known
- Grain
- R••••••• N•• G••••• I•• x second lien term loanderivedborrower group x kind x lien; tranches with different maturities sit under it
- Size
- lower bound: sum of BDC piecesderived
- Status
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported