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
Q••••• H•••••• C•••••• second lien term loan
second lienoff every schedule since Dec 31, 2023Softwaresponsor S••••• L••• T••••••••• M••••••••• L•• carried
Principal held
at least $67.1M
sum of BDC pieces, a lower bound
Fair value
$67.1M
101c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+800 bp
pieces from 800 bp to 810 bp
PIK
none stated
Maturity
Apr 2, 2027
html_schedule
Lenders
0 holding
5 exited · 0 named on a deal
On the tape
7 quarters
Dec 31, 2021 to Dec 31, 2023
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••• BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | dormant | $5.5M | $5.5M 101c | 800 bp | Dec 31, 2022 to Dec 31, 2023 |
| N•• M••••••• F•••••• C••• NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | exited · 2 pieces | $20.0M | $20.0M 101c | 800 bp | Dec 31, 2021 to Dec 31, 2023 |
| C•••••• S•••••• L••••••• I••• CARLYLE GLOBAL CREDIT INVESTMENT MANAGEMENT L.L.C. | exited · 3 pieces | $16.8M | $16.8M 101c | 800 bp | Dec 31, 2021 to Dec 31, 2023 |
| C•••••• C••••• S••••••••• I••• CARLYLE GLOBAL CREDIT INVESTMENT MANAGEMENT L.L.C. | exited | $11.9M | $11.9M 101c | 800 bp | Dec 31, 2022 to Dec 31, 2023 |
| B•••••••• T•• C•••••• C•••• TENNENBAUM CAPITAL PARTNERS, LLC | exited | $9.9M | $9.9M 101c | 810 bp | Dec 31, 2022 to Dec 31, 2023 |
| N•• S•• I• I••• NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | exited | $3.0M | $3.0M 100c | 800 bp | Dec 31, 2022 to Dec 31, 2023 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Dec 31, 2023 | 6 | $67.1M | 101c | 800 bp | Apr 2, 2027 | |
| Sep 30, 2023 | 6 | $52.2M | 100c | 800 bp | Apr 2, 2027 | |
| Jun 30, 2023 | 6 | $52.2M | 101c | 800 bp | Apr 2, 2027 | |
| Mar 31, 2023 | 6 | $52.2M | 101c | 800 bp | Apr 2, 2027 | |
| Dec 31, 2022 | 6 | $75.1M | 98c | 800 bp | Apr 2, 2027 | |
| Sep 30, 2022 | 2 | $21.9M | 100c | 800 bp | Apr 2, 2027 | |
| Dec 31, 2021 | 2 | $21.9M | 101c | 800 bp | Apr 2, 2027 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Dec 31, 2023Q••••• H•••••• C•••••• term loan (second lien) left every BDC schedule after 2023-12-31 (6 lenders, $62.2M last held)
- Lender left a facility Dec 31, 2023N•• M••••••• F•••••• C••• no longer holds Q••••• H•••••• C•••••• term loan after 2023-12-31; 1 BDC(s) still hold it
- Lender left a facility Dec 31, 2023C•••••• S•••••• L••••••• I••• no longer holds Q••••• H•••••• C•••••• term loan after 2023-12-31; 1 BDC(s) still hold it
- Lender left a facility Dec 31, 2023C•••••• C••••• S••••••••• I••• no longer holds Q••••• H•••••• C•••••• term loan after 2023-12-31; 1 BDC(s) still hold it
- Lender left a facility Dec 31, 2023B•••••••• T•• C•••••• C•••• no longer holds Q••••• H•••••• C•••••• term loan after 2023-12-31; 1 BDC(s) still hold it
- Lender left a facility Dec 31, 2023N•• S•• I• I••• no longer holds Q••••• H•••••• C•••••• term loan after 2023-12-31; 1 BDC(s) still hold it
- New lender joined a facility Dec 31, 2022B•••••••• T•• C•••••• C•••• joins Q••••• H•••••• C•••••• term loan (second lien) held by 5 other BDCs
- New lender joined a facility Dec 31, 2022B•••••••• C•••••• I••••••••• C••• joins Q••••• H•••••• C•••••• term loan (second lien) held by 5 other BDCs
Other pieces of this borrower's structure
- at least $38.3M
- at least $1.5M
How this facility is known
- Grain
- Q••••• H•••••• C•••••• x second lien term loanderivedborrower group x kind x lien; tranches with different maturities sit under it
- Size
- lower bound: sum of BDC piecesderived
- Sponsor basis
- the sponsor's own portfolio page lists a company of this namederived
- Status
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported