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
T••••••• L•••••• P••••••••• second lien term loan
second lienheld todayCommercial Services & Supplies
Principal held
at least $27.5M
sum of BDC pieces, a lower bound
Fair value
$24.4M
90c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+850 bp
modal across pieces
PIK
none stated
Maturity
Nov 2, 2028
html_schedule
Lenders
3 holding
1 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 |
|---|---|---|---|---|---|
| O•• C•••••• C••• OFS Advisor | exited | $4.5M | $4.3M 94c | 850 bp | Dec 31, 2022 to Sep 30, 2025 |
| C•••••• C••••• S••••••••• I••• CARLYLE GLOBAL CREDIT INVESTMENT MANAGEMENT L.L.C. | held | $13.0M | $11.5M 89c | 850 bp | Dec 31, 2022 to Jun 30, 2026 |
| C•••••• S•••••• L••••••• I••• CARLYLE GLOBAL CREDIT INVESTMENT MANAGEMENT L.L.C. | held | $13.0M | $11.5M 89c | 850 bp | Dec 31, 2021 to Jun 30, 2026 |
| H•••••• P••• C•••••••• I•••••• I••• OFS Advisor | held | $1.5M | $1.4M 95c | 850 bp | Dec 31, 2022 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 | 3 | $27.5M | 90c | 850 bp | Nov 2, 2028 | |
| Mar 31, 2026 | 2 | $26.0M | 93c | 850 bp | Nov 2, 2028 | |
| Dec 31, 2025 | 3 | $29.0M | 93c | 850 bp | Nov 2, 2028 | |
| Sep 30, 2025 | 4 | $32.0M | 91c | 850 bp | Nov 2, 2028 | |
| Jun 30, 2025 | 4 | $32.0M | 82c | 850 bp | Nov 2, 2028 | |
| Mar 31, 2025 | 4 | $32.0M | 89c | 850 bp | Nov 2, 2028 | |
| Dec 31, 2024 | 4 | $90.0M | 90c | 850 bp | Nov 2, 2028 | |
| Sep 30, 2024 | 4 | $32.0M | 85c | 850 bp | Nov 2, 2028 | |
| Jun 30, 2024 | 4 | $32.0M | 80c | 850 bp | Nov 2, 2028 | |
| Mar 31, 2024 | 4 | $32.0M | 95c | 850 bp | Nov 2, 2028 | |
| Dec 31, 2023 | 4 | $45.0M | 94c | 850 bp | Nov 2, 2028 | |
| Sep 30, 2023 | 2 | $26.0M | 96c | 850 bp | Nov 2, 2028 | |
| Jun 30, 2023 | 2 | $26.0M | 91c | 850 bp | Nov 2, 2028 | |
| Mar 31, 2023 | 2 | $26.0M | 90c | 850 bp | Nov 2, 2028 | |
| Dec 31, 2022 | 4 | $45.0M | 88c | 850 bp | Nov 2, 2028 | |
| Sep 30, 2022 | 1 | $13.0M | 95c | 850 bp | Nov 2, 2028 | |
| Dec 31, 2021 | 1 | $13.0M | 104c | 850 bp | Nov 2, 2028 |
What changed on this facility
position and facility grain, including routine
- Mark recovered Sep 30, 2025T••••••• L•••••• P••••••••• term loan: marked from 82 to 91 cents on cost
- Lender left a facility Sep 30, 2025O•• C•••••• C••• no longer holds T••••••• L•••••• P••••••••• term loan after 2025-09-30; 3 BDC(s) still hold it
- Marked down across lenders Jun 30, 2025T••••••• L•••••• P••••••••• term loan: marked from 89 to 82 cents on cost across 4 lender(s)
- Mark recovered Dec 31, 2024T••••••• L•••••• P••••••••• term loan: marked from 85 to 90 cents on cost
- Marked down across lenders Jun 30, 2024T••••••• L•••••• P••••••••• term loan: marked from 95 to 80 cents on cost across 4 lender(s)
- Mark recovered Sep 30, 2023T••••••• L•••••• P••••••••• term loan: marked from 91 to 96 cents on cost
- Marked down across lenders Dec 31, 2022T••••••• L•••••• P••••••••• term loan: marked from 95 to 88 cents on cost across 4 lender(s)
- New lender joined a facility Dec 31, 2022O•• C•••••• C••• joins T••••••• L•••••• P••••••••• term loan (second lien) held by 3 other BDCs
- Marked down across lenders Sep 30, 2022T••••••• L•••••• P••••••••• term loan: marked from 104 to 95 cents on cost across 1 lender(s)
Other pieces of this borrower's structure
- at least $36.6M
- otherexited Mar 31, 2026unknown
- $10.3M
How this facility is known
- Grain
- T••••••• L•••••• P••••••••• x second 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