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
Western Veterinary Partners LLC first lien term loan
first lienheld todayDiversified Consumer Services
Principal held
at least $63.5M
sum of BDC pieces, a lower bound
Fair value
$63.5M
101c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+525 bp
floor 1.00%
PIK
none stated
Maturity
Oct 31, 2027
tagged by the filer
Lenders
4 holding
0 exited · 0 named on a deal
On the tape
14 quarters
Dec 31, 2022 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 |
|---|---|---|---|---|---|
| AG Twin Brook BDC, Inc. AG TWIN BROOK MANAGER, LLC | dormant | $1.3M | $1.3M 101c | 625 bp | Dec 31, 2022 to Mar 31, 2023 |
| SLR Investment Corp. SLR CAPITAL PARTNERS, LLC | held | $45.4M | $45.4M 101c | 525 bp | Mar 31, 2024 to Jun 30, 2026 |
| TPG Twin Brook Capital Income Fund AGTB FUND MANAGER, LLC | held | $9.3M | $9.2M 100c | 525 bp | Sep 30, 2023 to Jun 30, 2026 |
| SLR HC BDC LLC SLR CAPITAL PARTNERS, LLC | held | $5.4M | $5.4M 101c | 525 bp | Mar 31, 2024 to Jun 30, 2026 |
| SLR Private Credit BDC II LLC SLR CAPITAL PARTNERS, LLC | held | $3.5M | $3.5M 101c | Mar 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 | $63.5M | 101c | 525 bp | Oct 31, 2027 | |
| Mar 31, 2026 | 4 | $63.7M | 101c | 525 bp | Oct 31, 2027 | |
| Dec 31, 2025 | 4 | $62.6M | 101c | 525 bp | Oct 31, 2027 | |
| Sep 30, 2025 | 4 | $42.0M | 101c | 525 bp | Oct 31, 2027 | |
| Jun 30, 2025 | 4 | $42.8M | 101c | 525 bp | Oct 31, 2027 | |
| Mar 31, 2025 | 4 | $41.1M | 101c | 500 bp | Oct 31, 2027 | |
| Dec 31, 2024 | 4 | $71.5M | 101c | 500 bp | Oct 31, 2027 | |
| Sep 30, 2024 | 4 | $37.1M | 101c | 500 bp | Oct 29, 2027 | |
| Jun 30, 2024 | 4 | $20.2M | 100c | 600 bp | Oct 29, 2026 | |
| Mar 31, 2024 | 4 | $12.9M | 100c | 600 bp | Oct 29, 2026 | |
| Dec 31, 2023 | 1 | $1.3M | 100c | 600 bp | Oct 29, 2026 | |
| Sep 30, 2023 | 1 | $1.3M | 100c | 600 bp | Oct 29, 2026 | |
| Mar 31, 2023 | 1 | $1.3M | 101c | 625 bp | ||
| Dec 31, 2022 | 1 | $1.3M | 101c | 725 bp |
What changed on this facility
position and facility grain, including routine
- Maturity approaching Oct 31, 2027Western Veterinary Partners LLC term loan (first lien) matures 2027-10-31 (inside 18 months; $60.1M held by 4 BDCs)
- Maturity approaching Oct 31, 2027Western Veterinary Partners LLC term loan (first lien) matures 2027-10-31 (inside 24 months; $60.1M held by 4 BDCs)
- Maturity extended (observed) Sep 30, 2024Western Veterinary Partners LLC term loan: maturity moved from 2026-10-29 to 2027-10-29
- Spread changed (observed) Sep 30, 2024Western Veterinary Partners LLC term loan: spread moved from 6.00% to 5.00%
- New lender joined a facility Mar 31, 2024SLR Investment Corp. joins Western Veterinary Partners LLC term loan (first lien) held by 3 other BDCs
- New lender joined a facility Mar 31, 2024SLR HC BDC LLC joins Western Veterinary Partners LLC term loan (first lien) held by 3 other BDCs
- New lender joined a facility Mar 31, 2024SLR Private Credit BDC II LLC joins Western Veterinary Partners LLC term loan (first lien) held by 4 other BDCs
- New lender joined a facility Sep 30, 2023TPG Twin Brook Capital Income Fund joins Western Veterinary Partners LLC term loan (first lien) held by 3 other BDCs
- Spread changed (observed) Mar 31, 2023Western Veterinary Partners LLC term loan: spread moved from 7.25% to 6.25%
Other pieces of this borrower's structure
- at least $31.0M
- at least $24,000
- $15.0M
How this facility is known
- Grain
- Western Veterinary Partners LLC 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