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
A••••• S••••• • E••••••••• I•• first lien term loan
first lienheld today
Principal held
at least $78.8M
sum of BDC pieces, a lower bound
Fair value
$40.5M
75c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+550 bp
floor 1.00%
PIK
10.00%
paid in kind, the highest piece
Maturity
Nov 15, 2027
tagged by the filer
Lenders
2 holding
0 exited · 0 named on a deal
On the tape
17 quarters
Dec 31, 2021 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 |
|---|---|---|---|---|---|
| C••• I••••••••• C••• C••• INVESTMENT MANAGEMENT, LLC | held · 6 pieces | $69.0M | $33.5M 76c | 550 bp | Dec 31, 2021 to Jun 30, 2026 |
| B•• I••••••••• C••• SIERRA CREST INVESTMENT MANAGEMENT LLC | held | $9.8M | $7.0M 72c | Dec 31, 2023 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 | 2 | $78.8M | 75c | 550 bp | 10.00% | Nov 15, 2027 |
| Mar 31, 2026 | 2 | $86.4M | 77c | 550 bp | 10.00% | Nov 15, 2027 |
| Dec 31, 2025 | 2 | $219M | 79c | 550 bp | 10.00% | Nov 15, 2027 |
| Sep 30, 2025 | 2 | $83.9M | 84c | 550 bp | 10.00% | Nov 15, 2027 |
| Jun 30, 2025 | 2 | $82.2M | 98c | 550 bp | 10.05% | Nov 15, 2027 |
| Mar 31, 2025 | 2 | $68.3M | 59c | 950 bp | 11.31% | Nov 15, 2026 |
| Dec 31, 2024 | 2 | $85.5M | 75c | 950 bp | 13.99% | Nov 15, 2026 |
| Sep 30, 2024 | 2 | $60.9M | 88c | 950 bp | 12.10% | Nov 15, 2026 |
| Jun 30, 2024 | 2 | $59.8M | 89c | 950 bp | 12.10% | Nov 15, 2026 |
| Mar 31, 2024 | 1 | $44.9M | 94c | 950 bp | 12.07% | Nov 15, 2026 |
| Dec 31, 2023 | 2 | $56.5M | 93c | 950 bp | 12.11% | Nov 15, 2026 |
| Sep 30, 2023 | 1 | $42.5M | 94c | 950 bp | 12.15% | Nov 15, 2026 |
| Jun 30, 2023 | 1 | $40.2M | 95c | 950 bp | 2.75% | Nov 15, 2026 |
| Mar 31, 2023 | 1 | $40.2M | 96c | 950 bp | 2.75% | Nov 15, 2026 |
| Dec 31, 2022 | 1 | $40.1M | 96c | 950 bp | 2.75% | Nov 15, 2026 |
| Sep 30, 2022 | 1 | $39.9M | 96c | 950 bp | Nov 15, 2026 | |
| Dec 31, 2021 | 1 | $40.1M | 97c | 95000 bp | Nov 15, 2026 |
What changed on this facility
position and facility grain, including routine
- Maturity approaching Nov 15, 2027A••••• S••••• • E••••••••• I•• term loan (first lien) matures 2027-11-15 (inside 18 months; $69.0M held by 1 BDC)
- Maturity approaching Nov 15, 2027A••••• S••••• • E••••••••• I•• term loan (first lien) matures 2027-11-15 (inside 24 months; $69.0M held by 1 BDC)
- Marked down across lenders Dec 31, 2025A••••• S••••• • E••••••••• I•• term loan: marked from 84 to 79 cents on cost across 2 lender(s)
- Marked down across lenders Sep 30, 2025A••••• S••••• • E••••••••• I•• term loan: marked from 98 to 80 cents on cost across 1 lender(s)
- Mark recovered Jun 30, 2025A••••• S••••• • E••••••••• I•• term loan: marked from 60 to 98 cents on cost
- Spread changed (observed) Jun 30, 2025A••••• S••••• • E••••••••• I•• term loan: spread moved from 9.50% to 5.50%
- Maturity extended (observed) Jun 30, 2025A••••• S••••• • E••••••••• I•• term loan: maturity moved from 2026-11-15 to 2027-11-15
- Spread changed (observed) Mar 31, 2025A••••• S••••• • E••••••••• I•• term loan: spread moved from 7.00% to 9.50%
- Marked down across lenders Mar 31, 2025A••••• S••••• • E••••••••• I•• term loan: marked from 81 to 60 cents on cost across 1 lender(s)
- PIK interest increased Dec 31, 2024A••••• S••••• • E••••••••• I•• term loan: PIK interest rose from 12.10% to 13.99%
- Marked down across lenders Dec 31, 2024A••••• S••••• • E••••••••• I•• term loan: marked from 92 to 81 cents on cost across 1 lender(s)
- Spread changed (observed) Dec 31, 2024A••••• S••••• • E••••••••• I•• term loan: spread moved from 9.50% to 7.00%
- Marked down across lenders Jun 30, 2024A••••• S••••• • E••••••••• I•• term loan: marked from 94 to 89 cents on cost across 2 lender(s)
- New lender joined a facility Dec 31, 2023B•• I••••••••• C••• joins A••••• S••••• • E••••••••• I•• term loan (first lien) held by 1 other BDC
- PIK interest increased Sep 30, 2023A••••• S••••• • E••••••••• I•• term loan: PIK interest rose from 2.75% to 12.15%
- Spread changed (observed) Dec 31, 2022A••••• S••••• • E••••••••• I•• term loan: spread moved from 9.00% to 9.50%
- PIK interest appears Dec 31, 2022A••••• S••••• • E••••••••• I•• term loan: PIK interest of 2.75% appears (was cash pay)
- Spread changed (observed) Sep 30, 2022A••••• S••••• • E••••••••• I•• term loan: spread moved from 950.00% to 9.50%
Other pieces of this borrower's structure
- at least $5.9M
- first lien revolverexited Mar 31, 2025at least $1.8M
- $0
- $0
- otherexited Dec 31, 2025n/a
How this facility is known
- Grain
- A••••• S••••• • E••••••••• 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
- Status
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported