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
Arcus Biosciences, Inc first lien term loan
first lienheld todayDrug Discovery & Development
Principal held
at least $76.5M
sum of BDC pieces, a lower bound
Fair value
$81.1M
105c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+-5 bp
floor 8.45%
PIK
2.20%
paid in kind, the highest piece
Maturity
Sep 1, 2030
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Lenders
1 holding
0 exited · 0 named on a deal
On the tape
8 quarters
Sep 30, 2024 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 |
|---|---|---|---|---|---|
| Hercules Capital, Inc. Hercules Capital, Inc. | held | $76.5M | $81.1M 105c | -5 bp | Sep 30, 2024 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 | 1 | $76.5M | 105c | -5 bp | 2.20% | Sep 1, 2030 |
| Mar 31, 2026 | 1 | $76.1M | 105c | -5 bp | 2.20% | Sep 1, 2030 |
| Dec 31, 2025 | 1 | $151M | 105c | -5 bp | 2.20% | Sep 1, 2030 |
| Sep 30, 2025 | 1 | $75.3M | 105c | 5 bp | 2.20% | Sep 1, 2029 |
| Jun 30, 2025 | 1 | $75.0M | 104c | 195 bp | Sep 1, 2029 | |
| Mar 31, 2025 | 1 | $37.5M | 104c | 195 bp | Sep 1, 2029 | |
| Dec 31, 2024 | 1 | $37.5M | 100c | 195 bp | Sep 1, 2029 | |
| Sep 30, 2024 | 1 | $37.5M | 100c | 195 bp | Sep 1, 2029 |
What changed on this facility
position and facility grain, including routine
- Maturity extended (observed) Dec 31, 2025Arcus Biosciences, Inc term loan: maturity moved from 2029-09-01 to 2030-09-01
- PIK interest appears Sep 30, 2025Arcus Biosciences, Inc term loan: PIK interest of 2.20% appears (was cash pay)
- Spread changed (observed) Sep 30, 2025Arcus Biosciences, Inc term loan: spread moved from 1.95% to 0.05%
Other pieces of this borrower's structure
How this facility is known
- Grain
- Arcus Biosciences, Inc 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