DFX Intelligence
Private Credit Intelligence
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Facility
V••••• S••••••••• I•• first lien term loan
first lienheld todaySoftware
Principal held
at least $15.2M
sum of BDC pieces, a lower bound
Fair value
$11.6M
79c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+400 bp
modal across pieces
PIK
none stated
Maturity
Apr 24, 2028
tagged by the filer
Lenders
4 holding
1 exited · 0 named on a deal
On the tape
8 quarters
Dec 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 |
|---|---|---|---|---|---|
| P••••• S••••• C•••••• B•• I••• PALMER SQUARE BDC ADVISOR LLC | exited · 2 pieces | $19.6M | $19.4M 100c | 400 bp | Dec 31, 2023 to Dec 31, 2023 |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• OHA PRIVATE CREDIT ADVISORS LLC | held | $10.0M | $7.7M 80c | 400 bp | Jun 30, 2025 to Jun 30, 2026 |
| N•••• H•••• P•••••• I••••• F••• L•• MS CAPITAL PARTNERS ADVISER INC. | held | $3.3M | $2.5M 77c | 400 bp | Dec 31, 2024 to Jun 30, 2026 |
| B•••••• P•••••• C••••• C••• BARINGS LLC | held | $990,000 | $753,000 80c | 400 bp | Jun 30, 2025 to Jun 30, 2026 |
| N•••• H•••• P•••••• I••••• F••• A• L•• MS CAPITAL PARTNERS ADVISER INC. | held | $982,000 | $747,000 76c | 400 bp | Dec 31, 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 | 4 | $15.2M | 79c | 400 bp | Apr 24, 2028 | |
| Mar 31, 2026 | 3 | $5.3M | 78c | 400 bp | Apr 24, 2028 | |
| Dec 31, 2025 | 4 | $18.8M | 96c | 400 bp | Apr 24, 2028 | |
| Sep 30, 2025 | 3 | $8.3M | 98c | 400 bp | Apr 24, 2028 | |
| Jun 30, 2025 | 4 | $20.9M | 99c | 400 bp | Apr 24, 2028 | |
| Mar 31, 2025 | 2 | $7.3M | 97c | 400 bp | ||
| Dec 31, 2024 | 2 | $5.8M | 98c | 400 bp | Apr 24, 2028 | |
| Dec 31, 2023 | 1 | $19.6M | 100c | 400 bp | Apr 24, 2028 |
What changed on this facility
position and facility grain, including routine
- Maturity approaching Apr 24, 2028V••••• S••••••••• I•• term loan (first lien) matures 2028-04-24 (inside 24 months; $11.0M held by 3 BDCs)
- Marked down across lenders Mar 31, 2026V••••• S••••••••• I•• term loan: marked from 96 to 78 cents on cost across 3 lender(s)
- New lender joined a facility Jun 30, 2025T• R••• P•••• O•• S••••• P•••••• C••••• F••• joins V••••• S••••••••• I•• term loan (first lien) held by 3 other BDCs
- New lender joined a facility Jun 30, 2025B•••••• P•••••• C••••• C••• joins V••••• S••••••••• I•• term loan (first lien) held by 3 other BDCs
- New lender joined a facility Dec 31, 2024N•••• H•••• P•••••• I••••• F••• L•• joins V••••• S••••••••• I•• term loan (first lien) held by 1 other BDC
- New lender joined a facility Dec 31, 2024N•••• H•••• P•••••• I••••• F••• A• L•• joins V••••• S••••••••• I•• term loan (first lien) held by 1 other BDC
- Lender left a facility Dec 31, 2023P••••• S••••• C•••••• B•• I••• no longer holds V••••• S••••••••• I•• term loan after 2023-12-31; 4 BDC(s) still hold it
Other pieces of this borrower's structure
- at least $120M
- at least $27.8M
How this facility is known
- Grain
- V••••• S••••••••• I•• 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