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
W•••••••• L•• second lien term loan
second lienheld todayBeverages
Principal held
at least $85.0M
sum of BDC pieces, a lower bound
Fair value
$20.3M
48c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
unstated
modal across pieces
PIK
15.00%
paid in kind, the highest piece
Maturity
Apr 1, 2028
tagged by the filer
Lenders
2 holding
0 exited · 0 named on a deal
On the tape
11 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 |
|---|---|---|---|---|---|
| S••••• C•••••• H••••••• L•• G•••••• S•••• Asset Management, L.P | held · 5 pieces | $66.4M | $7.8M 32c | Dec 31, 2023 to Jun 30, 2026 | |
| G•••••• S•••• B••• I••• G•••••• S•••• Asset Management, L.P | held · 2 pieces | $18.6M | $12.5M 70c | Dec 31, 2023 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 | 2 | $85.0M | 48c | 15.00% | Apr 1, 2028 | |
| Mar 31, 2026 | 2 | $81.4M | 72c | 15.00% | Apr 1, 2028 | |
| Dec 31, 2025 | 2 | $77.9M | 84c | 15.00% | Apr 3, 2027 | |
| Sep 30, 2025 | 2 | $74.4M | 81c | 15.00% | Apr 3, 2027 | |
| Jun 30, 2025 | 2 | $71.1M | 78c | 15.00% | Apr 3, 2027 | |
| Mar 31, 2025 | 2 | $68.1M | 79c | 15.00% | Apr 3, 2027 | |
| Dec 31, 2024 | 2 | $65.0M | 79c | 15.00% | Apr 3, 2027 | |
| Sep 30, 2024 | 2 | $62.0M | 79c | 1200 bp | 15.00% | Apr 3, 2027 |
| Jun 30, 2024 | 2 | $42.8M | 82c | 1200 bp | 15.00% | Apr 3, 2027 |
| Mar 31, 2024 | 2 | $16.2M | 100c | 12.00% | Apr 3, 2027 | |
| Dec 31, 2023 | 2 | $31.0M | 100c | 12.00% | Apr 3, 2027 |
What changed on this facility
position and facility grain, including routine
- Maturity approaching Apr 1, 2028W•••••••• L•• term loan (second lien) matures 2028-04-01 (inside 24 months; $30.1M held by 2 BDCs)
- Marked down across lenders Jun 30, 2026W•••••••• L•• term loan: marked from 106 to 70 cents on cost across 2 lender(s)
- Marked down across lenders Mar 31, 2026W•••••••• L•• term loan: marked from 84 to 72 cents on cost across 2 lender(s)
- Maturity extended (observed) Mar 31, 2026W•••••••• L•• term loan: maturity moved from 2027-04-03 to 2028-04-01
- PIK interest appears Sep 30, 2024W•••••••• L•• term loan: PIK interest of 12.00% appears (was cash pay)
- Marked down across lenders Jun 30, 2024W•••••••• L•• term loan: marked from 100 to 82 cents on cost across 2 lender(s)
- PIK interest increased Jun 30, 2024W•••••••• L•• term loan: PIK interest rose from 12.00% to 15.00%
Other pieces of this borrower's structure
- first lien term loanexited Dec 31, 2023at least $37.7M
- otherexited Mar 31, 2024at least $19.9M
- $0
How this facility is known
- Grain
- W•••••••• L•• 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