DFX Intelligence
Private Credit Intelligence
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Facility
S•••••• T••••••••• L•• first lien term loan
first lienoff every schedule since Jun 30, 2024Software
Principal held
at least $20.8M
sum of BDC pieces, a lower bound
Fair value
$20.2M
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+805 bp
floor 9.05%
PIK
none stated
Maturity
May 1, 2029
written in the identifier
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
7 quarters
Dec 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 |
|---|---|---|---|---|---|
| B•••••••• C•••••• I••••••••• C••• B•••••••• C•••••• I••••••••• ADVISORS, LLC | dormant | $4.5M | $4.5M 100c | 600 bp | Dec 31, 2022 to Dec 31, 2023 |
| B•••••••• T•• C•••••• C•••• TENNENBAUM CAPITAL PARTNERS, LLC | exited | $24.8M | $24.6M 100c | 615 bp | Dec 31, 2022 to Mar 31, 2024 |
| H••••••• C••••••• I••• H••••••• C••••••• I••• | exited | $20.8M | $20.2M 100c | 805 bp | 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 | 1 | $20.8M | 100c | 805 bp | May 1, 2029 | |
| Mar 31, 2024 | 1 | $24.8M | 100c | 615 bp | Jul 23, 2024 | |
| Dec 31, 2023 | 2 | $24.8M | 100c | 600 bp | Jul 23, 2024 | |
| Sep 30, 2023 | 2 | $24.8M | 100c | 600 bp | Jul 23, 2024 | |
| Jun 30, 2023 | 2 | $25.3M | 99c | 600 bp | Jul 23, 2024 | |
| Mar 31, 2023 | 2 | $25.3M | 99c | 600 bp | Jul 23, 2024 | |
| Dec 31, 2022 | 2 | $34.8M | 98c | 600 bp | Jul 23, 2024 |
What changed on this facility
position and facility grain, including routine
- New lender joined a facility Jun 30, 2024H••••••• C••••••• I••• joins S•••••• T••••••••• L•• term loan (first lien) held by 1 other BDC
- Lender left a facility Jun 30, 2024H••••••• C••••••• I••• no longer holds S•••••• T••••••••• L•• term loan after 2024-06-30; 1 BDC(s) still hold it
- Maturity extended (observed) Jun 30, 2024S•••••• T••••••••• L•• term loan: maturity moved from 2024-07-23 to 2029-05-01
- Spread changed (observed) Jun 30, 2024S•••••• T••••••••• L•• term loan: spread moved from 6.15% to 8.05%
- Facility left every BDC schedule Jun 30, 2024S•••••• T••••••••• L•• term loan (first lien) left every BDC schedule after 2024-06-30 (3 lenders, $20.8M last held)
- Lender left a facility Mar 31, 2024B•••••••• T•• C•••••• C•••• no longer holds S•••••• T••••••••• L•• term loan after 2024-03-31; 1 BDC(s) still hold it
Other pieces of this borrower's structure
- revolverexited Mar 31, 2024at least $1.5M
- first lien delayed draw term loanexited Mar 31, 2024at least $1.1M
- first lien revolverexited Dec 31, 2023at least $266,667
How this facility is known
- Grain
- S•••••• T••••••••• L•• 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