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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Facility
C••••••• D••• S•••••• L•• term loan
lien unstatedheld today
Principal held
at least $58.5M
sum of BDC pieces, a lower bound
Fair value
$38.7M
66c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+1025 bp
modal across pieces
PIK
15.00%
paid in kind, the highest piece
Maturity
Aug 6, 2026
html_schedule
Lenders
2 holding
0 exited · 0 named on a deal
On the tape
17 quarters
Dec 31, 2021 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 |
|---|---|---|---|---|---|
| M••• S••••• C•••••• C••• M••• S••••• C•••••• C••• | held · 3 pieces | $31.9M | $21.1M 66c | 1025 bp | Dec 31, 2021 to Jun 30, 2026 |
| M•• I••••• F•••• I••• MSC ADVISER I, LLC | held · 3 pieces | $26.6M | $17.6M 66c | 1025 bp | Dec 31, 2022 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 | $58.5M | 66c | 1025 bp | 15.00% | Aug 6, 2026 |
| Mar 31, 2026 | 2 | $58.4M | 86c | 825 bp | 15.00% | Aug 6, 2026 |
| Dec 31, 2025 | 2 | $55.4M | 95c | 825 bp | 12.02% | Aug 6, 2026 |
| Sep 30, 2025 | 2 | $54.0M | 92c | 825 bp | 12.64% | Aug 6, 2026 |
| Jun 30, 2025 | 2 | $52.5M | 92c | 825 bp | 12.70% | Aug 6, 2026 |
| Mar 31, 2025 | 2 | $50.8M | 92c | 825 bp | 11.96% | Aug 6, 2026 |
| Dec 31, 2024 | 2 | $98.3M | 94c | 825 bp | Aug 6, 2026 | |
| Sep 30, 2024 | 2 | $47.0M | 99c | 800 bp | Aug 6, 2026 | |
| Jun 30, 2024 | 2 | $44.4M | 100c | 800 bp | Aug 6, 2026 | |
| Mar 31, 2024 | 2 | $42.7M | 99c | 800 bp | Aug 6, 2026 | |
| Dec 31, 2023 | 2 | $42.7M | 98c | 800 bp | Aug 6, 2026 | |
| Sep 30, 2023 | 2 | $43.0M | 97c | 800 bp | Aug 6, 2026 | |
| Jun 30, 2023 | 2 | $43.1M | 95c | 750 bp | Aug 6, 2026 | |
| Mar 31, 2023 | 2 | $43.3M | 92c | 750 bp | Aug 6, 2026 | |
| Dec 31, 2022 | 2 | $43.4M | 94c | 800 bp | Aug 6, 2026 | |
| Sep 30, 2022 | 1 | $23.7M | 92c | 750 bp | Aug 6, 2026 | |
| Dec 31, 2021 | 1 | $43.4M | 100c | 750 bp | Aug 6, 2026 |
What changed on this facility
position and facility grain, including routine
- Maturity approaching Aug 6, 2026C••••••• D••• S•••••• L•• term loan (unknown) matures 2026-08-06 (inside 24 months; $58.5M held by 2 BDCs)
- Maturity approaching Aug 6, 2026C••••••• D••• S•••••• L•• term loan (unknown) matures 2026-08-06 (inside 18 months; $58.5M held by 2 BDCs)
- Maturity approaching Aug 6, 2026C••••••• D••• S•••••• L•• term loan (unknown) matures 2026-08-06 (inside 12 months; $58.5M held by 2 BDCs)
- Marked down across lenders Jun 30, 2026C••••••• D••• S•••••• L•• term loan: marked from 86 to 66 cents on cost across 2 lender(s)
- Spread changed (observed) Jun 30, 2026C••••••• D••• S•••••• L•• term loan: spread moved from 8.25% to 10.25%
- Marked down across lenders Mar 31, 2026C••••••• D••• S•••••• L•• term loan: marked from 95 to 86 cents on cost across 2 lender(s)
- PIK interest increased Mar 31, 2026C••••••• D••• S•••••• L•• term loan: PIK interest rose from 12.02% to 15.00%
- PIK interest increased Jun 30, 2025C••••••• D••• S•••••• L•• term loan: PIK interest rose from 11.96% to 12.70%
- PIK interest appears Mar 31, 2025C••••••• D••• S•••••• L•• term loan: PIK interest of 11.96% appears (was cash pay)
- Spread changed (observed) Sep 30, 2023C••••••• D••• S•••••• L•• term loan: spread moved from 7.50% to 8.00%
- Spread changed (observed) Mar 31, 2023C••••••• D••• S•••••• L•• term loan: spread moved from 8.00% to 7.50%
- Spread changed (observed) Dec 31, 2022C••••••• D••• S•••••• L•• term loan: spread moved from 7.50% to 8.00%
- New lender joined a facility Dec 31, 2022M•• I••••• F•••• I••• joins C••••••• D••• S•••••• L•• term loan (unknown) held by 1 other BDC
- Marked down across lenders Sep 30, 2022C••••••• D••• S•••••• L•• term loan: marked from 100 to 92 cents on cost across 1 lender(s)
Other pieces of this borrower's structure
- n/a
How this facility is known
- Grain
- C••••••• D••• S•••••• L•• x 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