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.
Facility
Litify LLC first lien term loan
first lienheld todaySoftware
Principal held
at least $33.1M
sum of BDC pieces, a lower bound
Fair value
$32.1M
99c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+560 bp
floor 1.00%
PIK
none stated
Maturity
Feb 2, 2029
tagged by the filer
Lenders
2 holding
0 exited · 0 named on a deal
On the tape
14 quarters
Mar 31, 2023 to Jun 30, 2026
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 |
|---|---|---|---|---|---|
| MidCap Financial Investment Corp APOLLO INVESTMENT MANAGEMENT, L.P. | held | $29.1M | $28.2M 99c | 560 bp | Mar 31, 2023 to Jun 30, 2026 |
| MidCap Apollo Institutional Private Lending APOLLO CREDIT MANAGEMENT, LLC | held | $4.0M | $3.9M 98c | 560 bp | Jun 30, 2025 to Jun 30, 2026 |
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, 2026 | 2 | $33.1M | 99c | 560 bp | Feb 2, 2029 | |
| Mar 31, 2026 | 2 | $33.2M | 98c | 560 bp | Feb 2, 2029 | |
| Dec 31, 2025 | 2 | $33.2M | 100c | 560 bp | Feb 2, 2029 | |
| Sep 30, 2025 | 2 | $33.2M | 100c | 560 bp | Feb 2, 2029 | |
| Jun 30, 2025 | 2 | $33.2M | 100c | 560 bp | Feb 2, 2029 | |
| Mar 31, 2025 | 1 | $29.2M | 101c | 560 bp | Feb 2, 2029 | |
| Dec 31, 2024 | 1 | $29.2M | 101c | 660 bp | Feb 2, 2029 | |
| Sep 30, 2024 | 1 | $29.2M | 100c | 660 bp | Feb 2, 2029 | |
| Jun 30, 2024 | 1 | $29.2M | 100c | 660 bp | Feb 2, 2029 | |
| Mar 31, 2024 | 1 | $19.2M | 100c | 710 bp | Feb 2, 2029 | |
| Dec 31, 2023 | 1 | $19.2M | 100c | 710 bp | Feb 2, 2029 | |
| Sep 30, 2023 | 1 | $11.7M | 100c | 710 bp | Feb 2, 2029 | |
| Jun 30, 2023 | 1 | $11.7M | 100c | 735 bp | Feb 3, 2029 | |
| Mar 31, 2023 | 1 | $11.7M | n/a | 725 bp | Feb 3, 2029 |
What changed on this facility
position and facility grain, including routine
- New lender joined a facility Jun 30, 2025MidCap Apollo Institutional Private Lending joins Litify LLC term loan (first lien) held by 1 other BDC
- Spread changed (observed) Mar 31, 2025Litify LLC term loan: spread moved from 6.60% to 5.60%
- Spread changed (observed) Sep 30, 2024Litify LLC term loan: spread moved from 7.60% to 6.60%
- Spread changed (observed) Jun 30, 2024Litify LLC term loan: spread moved from 7.10% to 7.60%
- Spread changed (observed) Dec 31, 2023Litify LLC term loan: spread moved from 7.10% to 7.60%
Other pieces of this borrower's structure
- unknown
- $438,000
- otherexited Mar 31, 2025$29.3M
How this facility is known
- Grain
- Litify LLC x first 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