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Facility

D•••••••• I•• first lien term loan

first lienheld todaySystems Softwaresponsor T• A••••••••• carried
Principal held
at least $330M
sum of BDC pieces, a lower bound
Fair value
$321M
99c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+575 bp
floor 6.50%
PIK
none stated
Maturity
Sep 12, 2030
tagged by the filer
Lenders
11 holding
1 exited · 0 named on a deal
On the tape
7 quarters
Dec 31, 2022 to Jun 30, 2026
Lender group
every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
A•••• C••••• B•• I•••exited$482,500$480,254
102c
400 bpDec 31, 2022 to Sep 30, 2023
A••• C•••••• C•••
A••• C•••••• M••••••••• L••
held$124M$122M
99c
575 bpSep 30, 2025 to Jun 30, 2026
V•••• C••••• S•••••••• L•••••• C••••
V•••• C••••• B•• M••••••••• L•••
held$52.4M$52.4M
101c
575 bpSep 30, 2025 to Jun 30, 2026
A••• S•••••••• I••••• F•••
A••• C•••••• M••••••••• L••
held$46.1M$45.1M
99c
575 bpSep 30, 2025 to Jun 30, 2026
B•••••••• P•••••• C••••• F•••
B•••••••• C•••••• I••••••••• A•••••••• L••
held$33.7M$31.8M
95c
575 bpSep 30, 2025 to Jun 30, 2026
S•••••••• P•••••• C••••• F••• L••
S•••••••• G•••• P•••••• D••• L••
held$16.7M$16.2M
99c
575 bpSep 30, 2025 to Jun 30, 2026
N•• M••••••• F•••••• C•••
N•• M••••••• F•••••• A•••••••• L•••••
held · 2 pieces$16.5M$15.3M
100c
575 bpSep 30, 2025 to Jun 30, 2026
N•• M••••••• G••••••• I• B••• L•••••
N•• M••••••• F•••••• A•••••••• L•••••
held · 2 pieces$11.1M$10.2M
100c
575 bpSep 30, 2025 to Jun 30, 2026
N•• M••••••• P•••••• C••••• F•••
N•• M••••••• F•••••• A•••••••• L•••••
held · 2 pieces$10.4M$9.6M
100c
575 bpSep 30, 2025 to Jun 30, 2026
R••••• G••••• F•••••• C••••
R••••• G••••• C•••••• L••
held$9.3M$9.0M
99c
575 bpSep 30, 2025 to Jun 30, 2026
N•• S•• I• I•••
N•• M••••••• F•••••• A•••••••• L•••••
held · 2 pieces$7.0M$7.0M
100c
575 bpSep 30, 2025 to Jun 30, 2026
N•• M••••••• G••••••• I• I••••• F•••• L•••••
N•• M••••••• F•••••• A•••••••• L•••••
held · 2 pieces$2.6M$2.4M
100c
575 bpSep 30, 2025 to Jun 30, 2026
Facility through time
pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Jun 30, 202611$330M99c575 bpSep 12, 2030
Mar 31, 202611$331M97c575 bpJul 30, 2030
Dec 31, 202511$361M100c575 bpJul 30, 2030
Sep 30, 202511$333M100c575 bpJul 30, 2030
Sep 30, 20231$482,500102c400 bpOct 16, 2026
Jun 30, 20231$483,750102c400 bpOct 16, 2026
Dec 31, 20221$486,250100c400 bpOct 16, 2026
What changed on this facility
position and facility grain, including routine
  • Spread changed (observed) Sep 30, 2025
    D•••••••• I•• term loan: spread moved from 4.00% to 5.75%
  • Maturity extended (observed) Sep 30, 2025
    D•••••••• I•• term loan: maturity moved from 2026-10-16 to 2030-07-30
  • New lender joined a facility Sep 30, 2025
    A••• C•••••• C••• joins D•••••••• I•• term loan (first lien) held by 9 other BDCs
  • New lender joined a facility Sep 30, 2025
    V•••• C••••• S•••••••• L•••••• C•••• joins D•••••••• I•• term loan (first lien) held by 10 other BDCs
  • New lender joined a facility Sep 30, 2025
    A••• S•••••••• I••••• F••• joins D•••••••• I•• term loan (first lien) held by 9 other BDCs
  • New lender joined a facility Sep 30, 2025
    B•••••••• P•••••• C••••• F••• joins D•••••••• I•• term loan (first lien) held by 9 other BDCs
  • New lender joined a facility Sep 30, 2025
    S•••••••• P•••••• C••••• F••• L•• joins D•••••••• I•• term loan (first lien) held by 9 other BDCs
  • New lender joined a facility Sep 30, 2025
    N•• M••••••• F•••••• C••• joins D•••••••• I•• term loan (first lien) held by 9 other BDCs
  • New lender joined a facility Sep 30, 2025
    N•• M••••••• G••••••• I• B••• L••••• joins D•••••••• I•• term loan (first lien) held by 9 other BDCs
  • New lender joined a facility Sep 30, 2025
    N•• M••••••• P•••••• C••••• F••• joins D•••••••• I•• term loan (first lien) held by 9 other BDCs
  • New lender joined a facility Sep 30, 2025
    R••••• G••••• F•••••• C•••• joins D•••••••• I•• term loan (first lien) held by 9 other BDCs
  • New lender joined a facility Sep 30, 2025
    N•• S•• I• I••• joins D•••••••• I•• term loan (first lien) held by 9 other BDCs
  • New lender joined a facility Sep 30, 2025
    N•• M••••••• G••••••• I• I••••• F•••• L••••• joins D•••••••• I•• term loan (first lien) held by 9 other BDCs
  • Lender left a facility Sep 30, 2023
    A•••• C••••• B•• I••• no longer holds D•••••••• I•• term loan after 2023-09-30; 9 BDC(s) still hold it
Other pieces of this borrower's structure
How this facility is known
Grain
D•••••••• I•• x first lien term loanderivedborrower group x kind x lien; tranches with different maturities sit under it
Size
lower bound: sum of BDC piecesderived
Sponsor basis
the sponsor's own portfolio page lists a company of this namederived
Status
unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
Origin
bdc tapereported