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
Dropbox, Inc other
lien unstatedoff every schedule since Dec 31, 2024
Principal held
at least $1.3B
sum of BDC pieces, a lower bound
Fair value
$1.3B
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+638 bp
pieces from 200 bp to 638 bp
PIK
none stated
Maturity
Dec 11, 2029
html_schedule
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
1 quarters
Dec 31, 2024 to Dec 31, 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 |
|---|---|---|---|---|---|
| Blackstone Private Credit Fund BLACKSTONE PRIVATE CREDIT STRATEGIES LLC | exited · 4 pieces | $1.2B | $1.1B 100c | 638 bp | Dec 31, 2024 to Dec 31, 2024 |
| Blackstone Secured Lending Fund BLACKSTONE PRIVATE CREDIT STRATEGIES LLC | exited · 4 pieces | $124M | $121M 100c | 638 bp | Dec 31, 2024 to Dec 31, 2024 |
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, 2024 | 2 | $1.3B | 100c | 200 bp | Dec 11, 2029 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Dec 31, 2024Dropbox, Inc other (unknown) left every BDC schedule after 2024-12-31 (2 lenders, $1,292.5M last held)
Other pieces of this borrower's structure
- at least $1.7B
How this facility is known
- Grain
- Dropbox, Inc x otherderivedborrower 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