DFX Intelligence
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Facility
L•• V••••••• B••••• L•• first lien term loan
first lienoff every schedule since Mar 31, 2025
Principal held
at least $33.5M
sum of BDC pieces, a lower bound
Fair value
$29.0M
88c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+500 bp
modal across pieces
PIK
6.42%
paid in kind, the highest piece
Maturity
Mar 18, 2027
tagged by the filer
Lenders
0 holding
3 exited · 0 named on a deal
On the tape
10 quarters
Dec 31, 2022 to Mar 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 |
|---|---|---|---|---|---|
| G•••••• S•••• P•••••• C••••• C•••• G•••••• S•••• A•••• M••••••••• L•• | exited · 2 pieces | $24.1M | $20.9M 88c | 500 bp | Jun 30, 2023 to Mar 31, 2025 |
| G•••••• S•••• M••••• M••••• L•••••• C•••• I• G•••••• S•••• A•••• M••••••••• L•• | exited · 2 pieces | $8.5M | $7.4M 88c | 500 bp | Dec 31, 2022 to Mar 31, 2025 |
| G•••••• S•••• B••• I••• G•••••• S•••• A•••• M••••••••• L•• | exited · 2 pieces | $878,000 | $760,000 88c | 500 bp | Dec 31, 2022 to Mar 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 |
|---|---|---|---|---|---|---|
| Mar 31, 2025 | 3 | $33.5M | 88c | 500 bp | 6.42% | Mar 18, 2027 |
| Dec 31, 2024 | 3 | $33.0M | 97c | 500 bp | 6.65% | Mar 18, 2027 |
| Sep 30, 2024 | 3 | $32.4M | 100c | 700 bp | 7.30% | Mar 18, 2027 |
| Jun 30, 2024 | 3 | $31.8M | 101c | 700 bp | 7.44% | Mar 18, 2027 |
| Mar 31, 2024 | 3 | $31.0M | 101c | 700 bp | Mar 18, 2027 | |
| Dec 31, 2023 | 3 | $77.8M | 80c | 700 bp | Mar 18, 2027 | |
| Sep 30, 2023 | 3 | $37.9M | 90c | 700 bp | Mar 18, 2027 | |
| Jun 30, 2023 | 3 | $38.0M | n/a | 700 bp | Mar 18, 2027 | |
| Mar 31, 2023 | 2 | $10.7M | n/a | 700 bp | Mar 18, 2027 | |
| Dec 31, 2022 | 2 | $10.7M | 100c | 700 bp | Mar 18, 2027 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Mar 2025Facility left every BDC schedule$33.5M
- Effective31 Mar 2025Marked down across lenders$33.5M
- Effective31 Dec 2024Spread changed (observed)$33.0M
- Effective30 Jun 2024PIK interest appears$31.8M
- Effective31 Mar 2024Mark recovered$31.0M
- Effective31 Dec 2023Marked down across lenders$77.8M
Other pieces of this borrower's structure
- otherexited Jun 30, 2025$6.8M
- preferred equityexited Mar 31, 2025$0
- equityexited Mar 31, 2025$0
How this facility is known
- Grain
- L•• V••••••• B••••• L•• 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
- performingsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported