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.
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Facility
M•• D••••• S••••••••• L•• first lien delayed draw term loan
first lienheld todayHealth Care Services
Principal held
at least $21.8M
sum of BDC pieces, a lower bound
Fair value
$22.0M
102c on cost
Unfunded
$1.2M
pieces' unfunded commitments
Pricing
SOFR+600 bp
pieces from 550 bp to 600 bp
PIK
none stated
Maturity
Feb 13, 2031
tagged by the filer
Lenders
6 holding
2 exited · 0 named on a deal
On the tape
15 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
| Lender | Status | Principal | Fair value | Spread | Held |
|---|---|---|---|---|---|
| R•••••• E••••••• I••••• F•••• L• REDWOOD CAPITAL MANAGEMENT, LLC | exited | $10.0M | $6.7M 103c | 660 bp | Sep 30, 2023 to Dec 31, 2023 |
| H•• C•••••••• L•••••• F••• HPS ADVISORS, LLC | exited · 2 pieces | n/a | n/a | Dec 31, 2022 to Dec 31, 2025 | |
| S•••• P•••• C••••• C••• STONE POINT CREDIT ADVISER LLC | held · 2 pieces | $11.1M | $11.2M 101c | 550 bp | Dec 31, 2022 to Jun 30, 2026 |
| B•••••••• P•••••• C••••• F••• BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | held | $5.4M | $5.4M 103c | 600 bp | Mar 31, 2026 to Jun 30, 2026 |
| S•••• P•••• C••••• I••••• F••• STONE POINT CREDIT INCOME ADVISER LLC | held · 2 pieces | $3.2M | $3.3M 102c | 600 bp | Dec 31, 2024 to Jun 30, 2026 |
| S•••••••• P•••••• C••••• F••• L•• STEPSTONE GROUP PRIVATE DEBT LLC | held · 3 pieces | $1.8M | $1.8M 100c | 600 bp | Mar 31, 2024 to Jun 30, 2026 |
| B•••••••• T•• C•••••• C•••• TENNENBAUM CAPITAL PARTNERS, LLC | held | $282,027 | $282,027 102c | 600 bp | Mar 31, 2026 to Jun 30, 2026 |
| A•••• P•••••• C••••• F•••• L•• AUDAX PDB MANAGEMENT COMPANY, LLC | held | n/a | n/a | 550 bp | Dec 31, 2025 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 | 6 | $21.8M | 102c | 550 bp | Feb 13, 2031 | |
| Mar 31, 2026 | 6 | $15.4M | 101c | 550 bp | Mar 11, 2033 | |
| Dec 31, 2025 | 5 | $15.2M | 102c | 550 bp | Feb 13, 2031 | |
| Sep 30, 2025 | 4 | $13.4M | 102c | 550 bp | Feb 13, 2031 | |
| Jun 30, 2025 | 4 | $11.9M | 102c | 550 bp | Feb 13, 2031 | |
| Mar 31, 2025 | 4 | $11.4M | 102c | 550 bp | Feb 13, 2031 | |
| Dec 31, 2024 | 4 | $16.6M | 102c | 550 bp | Feb 13, 2031 | |
| Sep 30, 2024 | 2 | $2.0M | 106c | 600 bp | Feb 13, 2031 | |
| Jun 30, 2024 | 2 | $0 | n/a | 100 bp | Feb 13, 2031 | |
| Mar 31, 2024 | 3 | $256M | 100c | 600 bp | Feb 13, 2031 | |
| Dec 31, 2023 | 3 | $263M | 101c | 600 bp | Feb 13, 2031 | |
| Sep 30, 2023 | 3 | $188M | 100c | 600 bp | Feb 13, 2031 | |
| Jun 30, 2023 | 2 | $165M | 99c | 600 bp | Feb 13, 2031 | |
| Mar 31, 2023 | 2 | $154M | 99c | 600 bp | Feb 13, 2031 | |
| Dec 31, 2022 | 2 | $32.9M | 99c | 600 bp | Feb 13, 2031 |
What changed on this facility
position and facility grain, including routine
- Maturity extended (observed) Mar 31, 2026M•• D••••• S••••••••• L•• delayed draw: maturity moved from 2031-02-13 to 2033-03-11
- New lender joined a facility Mar 31, 2026B•••••••• P•••••• C••••• F••• joins M•• D••••• S••••••••• L•• delayed draw (first lien) held by 6 other BDCs
- New lender joined a facility Mar 31, 2026B•••••••• T•• C•••••• C•••• joins M•• D••••• S••••••••• L•• delayed draw (first lien) held by 6 other BDCs
- Lender left a facility Dec 31, 2025H•• C•••••••• L•••••• F••• no longer holds M•• D••••• S••••••••• L•• delayed draw after 2025-12-31; 5 BDC(s) still hold it
- New lender joined a facility Dec 31, 2025A•••• P•••••• C••••• F•••• L•• joins M•• D••••• S••••••••• L•• delayed draw (first lien) held by 4 other BDCs
- Spread changed (observed) Sep 30, 2024M•• D••••• S••••••••• L•• delayed draw: spread moved from 1.00% to 6.00%
- Spread changed (observed) Jun 30, 2024M•• D••••• S••••••••• L•• delayed draw: spread moved from 6.00% to 1.00%
- New lender joined a facility Mar 31, 2024S•••••••• P•••••• C••••• F••• L•• joins M•• D••••• S••••••••• L•• delayed draw (first lien) held by 3 other BDCs
- Spread changed (observed) Mar 31, 2024M•• D••••• S••••••••• L•• delayed draw: spread moved from 6.00% to 1.00%
- Lender left a facility Dec 31, 2023R•••••• E••••••• I••••• F•••• L• no longer holds M•• D••••• S••••••••• L•• delayed draw after 2023-12-31; 5 BDC(s) still hold it
- New lender joined a facility Sep 30, 2023R•••••• E••••••• I••••• F•••• L• joins M•• D••••• S••••••••• L•• delayed draw (first lien) held by 2 other BDCs
Other pieces of this borrower's structure
- at least $224M
- at least $196M
- at least $81.8M
- at least $77.6M
- term loanexited Dec 31, 2023at least $36.0M
- delayed draw term loanexited Dec 31, 2025unknown
How this facility is known
- Grain
- M•• D••••• S••••••••• L•• x first lien delayed draw 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