DFX Intelligence
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Facility
M••••• H••••••• L•• term loan
lien unstatedoff every schedule since Mar 31, 2025Software
Principal held
at least $56.0M
sum of BDC pieces, a lower bound
Fair value
$10.9M
20c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+600 bp
floor 1.75%
PIK
2.50%
paid in kind, the highest piece
Maturity
Jun 30, 2028
tagged by the filer
Lenders
0 holding
1 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 |
|---|---|---|---|---|---|
| T•• D••••• L•••••• V•• L•• T•• A•••• M••••••••• C•••••• L•• | exited | $56.0M | $10.9M 20c | 600 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 | 1 | $56.0M | 20c | 600 bp | 2.50% | Jun 30, 2028 |
| Dec 31, 2024 | 1 | $99.7M | 88c | 850 bp | 2.50% | Jun 30, 2028 |
| Sep 30, 2024 | 1 | $89.8M | 99c | 850 bp | Jun 30, 2028 | |
| Jun 30, 2024 | 1 | $73.4M | 100c | 850 bp | Jun 30, 2025 | |
| Mar 31, 2024 | 1 | $72.6M | 101c | 850 bp | Mar 31, 2025 | |
| Dec 31, 2023 | 1 | $69.9M | 101c | 850 bp | Dec 23, 2024 | |
| Sep 30, 2023 | 1 | $67.4M | 102c | 850 bp | 4.25% | Dec 23, 2024 |
| Jun 30, 2023 | 1 | $67.5M | 102c | 850 bp | 3.50% | Dec 23, 2024 |
| Mar 31, 2023 | 1 | $67.5M | 102c | 850 bp | 3.50% | Dec 23, 2024 |
| Dec 31, 2022 | 1 | $75.1M | 102c | 850 bp | 3.50% | Dec 23, 2024 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Mar 2025Spread changed (observed)$56.0M
- Effective31 Mar 2025Marked down across lenders$56.0M
- Effective31 Mar 2025Facility left every BDC schedule$56.0M
- Effective31 Dec 2024Marked down across lenders$99.7M
- Effective31 Dec 2024PIK interest appears$99.7M
- Effective30 Sep 2024Maturity extended (observed)$89.8M
Other pieces of this borrower's structure
- delayed draw term loanexited Mar 31, 2025at least $62.8M
- preferred equityexited Dec 31, 2022$9.2M
- otherexited Mar 31, 2025$0
- equityexited Mar 31, 2025$0
How this facility is known
- Grain
- M••••• H••••••• 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