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
CION unsecured or subordinated term loan
unsecured or subordinatedoff every schedule since Dec 31, 2025
Principal held
at least $5.0M
sum of BDC pieces, a lower bound
Fair value
$5.0M
111c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
unstated
modal across pieces
PIK
none stated
Maturity
Apr 28, 2039
html_schedule
Lenders
0 holding
1 exited · 0 named on a deal
On the tape
11 quarters
Dec 31, 2022 to Dec 31, 2025
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 |
|---|---|---|---|---|---|
| CION Investment Corp CION INVESTMENT MANAGEMENT, LLC | exited | $5.0M | $5.0M 111c | Dec 31, 2022 to Dec 31, 2025 |
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, 2025 | 1 | $5.0M | 111c | Apr 28, 2039 | ||
| Mar 31, 2025 | 1 | $7.0M | 106c | Apr 28, 2039 | ||
| Dec 31, 2024 | 1 | $8.0M | 106c | Feb 2, 2026 | ||
| Sep 30, 2024 | 1 | $10.0M | 106c | Feb 2, 2026 | ||
| Jun 30, 2024 | 1 | $10.0M | 103c | Feb 2, 2026 | ||
| Mar 31, 2024 | 1 | $10.0M | 102c | Feb 2, 2026 | ||
| Dec 31, 2023 | 1 | $10.0M | 94c | Feb 2, 2026 | ||
| Sep 30, 2023 | 1 | $10.0M | 94c | Feb 2, 2026 | ||
| Jun 30, 2023 | 1 | $10.0M | 95c | Feb 2, 2026 | ||
| Mar 31, 2023 | 1 | $10.0M | 95c | Feb 2, 2026 | ||
| Dec 31, 2022 | 1 | $10.0M | 96c | Feb 2, 2026 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Dec 31, 2025CION term loan (unsecured or subordinated) left every BDC schedule after 2025-12-31 (1 lender, $5.0M last held)
- Maturity extended (observed) Mar 31, 2025CION term loan: maturity moved from 2026-02-02 to 2039-04-28
- Mark recovered Mar 31, 2024CION term loan: marked from 94 to 102 cents on cost
Other pieces of this borrower's structure
- at least $36.0M
- second lien term loanexited Mar 31, 2024at least $6.8M
- $18.2M
- $0
- warrantsexited Dec 31, 2025$0
How this facility is known
- Grain
- CION x unsecured or subordinated 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