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.
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Facility
A•• A••••••••• H••••••• I•• second lien term loan
second lienoff every schedule since Sep 30, 2024Software
Principal held
at least $49.3M
sum of BDC pieces, a lower bound
Fair value
$49.3M
102c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+750 bp
pieces from 425 bp to 750 bp
PIK
none stated
Maturity
Mar 3, 2028
tagged by the filer
Lenders
0 holding
4 exited · 0 named on a deal
On the tape
10 quarters
Dec 31, 2021 to Sep 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••• BARINGS LLC | exited | $21.0M | $21.0M 102c | 750 bp | Dec 31, 2022 to Sep 30, 2024 |
| B•••••• B••• I••• BARINGS LLC | exited | $20.0M | $20.0M 102c | 750 bp | Dec 31, 2021 to Sep 30, 2024 |
| B•••••• P•••••• C••••• C••• BARINGS LLC | exited | $7.5M | $7.5M 102c | 750 bp | Dec 31, 2022 to Sep 30, 2024 |
| K•••••• L•••• C•••••• C• KENNEDY LEWIS CAPITAL HOLDINGS LLC | exited | $859,280 | $859,280 101c | 425 bp | Jun 30, 2023 to Sep 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 |
|---|---|---|---|---|---|---|
| Sep 30, 2024 | 4 | $49.3M | 102c | 750 bp | Mar 3, 2028 | |
| Jun 30, 2024 | 4 | $49.3M | 102c | 750 bp | Mar 3, 2028 | |
| Mar 31, 2024 | 4 | $49.3M | 102c | 750 bp | Mar 3, 2028 | |
| Dec 31, 2023 | 4 | $51.1M | 102c | 425 bp | Mar 3, 2028 | |
| Sep 30, 2023 | 4 | $49.3M | 100c | 750 bp | Mar 3, 2028 | |
| Jun 30, 2023 | 4 | $49.3M | 100c | 750 bp | Mar 3, 2028 | |
| Mar 31, 2023 | 3 | $48.5M | 99c | 750 bp | ||
| Dec 31, 2022 | 3 | $48.5M | 98c | 750 bp | ||
| Sep 30, 2022 | 1 | $20.0M | 101c | 750 bp | ||
| Dec 31, 2021 | 1 | $20.0M | 103c | 750 bp |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Sep 30, 2024A•• A••••••••• H••••••• I•• term loan (second lien) left every BDC schedule after 2024-09-30 (4 lenders, $49.3M last held)
- Spread changed (observed) Mar 31, 2024A•• A••••••••• H••••••• I•• term loan: spread moved from 4.25% to 7.50%
- Spread changed (observed) Dec 31, 2023A•• A••••••••• H••••••• I•• term loan: spread moved from 7.50% to 4.25%
- New lender joined a facility Jun 30, 2023K•••••• L•••• C•••••• C• joins A•• A••••••••• H••••••• I•• term loan (second lien) held by 3 other BDCs
- New lender joined a facility Dec 31, 2022B•••••• C•••••• I••••••••• C••• joins A•• A••••••••• H••••••• I•• term loan (second lien) held by 3 other BDCs
- New lender joined a facility Dec 31, 2022B•••••• P•••••• C••••• C••• joins A•• A••••••••• H••••••• I•• term loan (second lien) held by 3 other BDCs
Other pieces of this borrower's structure
How this facility is known
- Grain
- A•• A••••••••• H••••••• 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