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.
Facility
Galway Borrower LLC first lien term loan
first lienheld todayInsurance
Principal held
at least $473M
sum of BDC pieces, a lower bound
Fair value
$442M
100c on cost
Unfunded
$6.4M
pieces' unfunded commitments
Pricing
SOFR+450 bp
pieces from 5 bp to 450 bp
PIK
none stated
Maturity
Feb 23, 2033
tagged by the filer
Lenders
24 holding
7 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 |
|---|---|---|---|---|---|
| New Mountain Guardian III BDC, L.L.C. New Mountain Finance Advisers BDC, L.L.C | dormant · 3 pieces | $28.4M | $26.8M 100c | 450 bp | Dec 31, 2022 to Sep 30, 2024 |
| Jefferies Credit Partners BDC Inc. JEFFERIES CREDIT MANAGEMENT LLC | exited | $12.8M | $12.8M 100c | 450 bp | Sep 30, 2024 to Mar 31, 2026 |
| AB Private Credit Investors Corp AB PRIVATE CREDIT INVESTORS LLC | exited · 2 pieces | $7.5M | $7.5M 100c | 450 bp | Dec 31, 2022 to Dec 31, 2025 |
| Crescent Capital BDC, Inc. CRESCENT CAP ADVISORS, LLC | exited | $6.4M | $6.4M 101c | 450 bp | Jun 30, 2024 to Dec 31, 2025 |
| Senior Credit Investments, LLC JEFFERIES CREDIT MANAGEMENT LLC | exited | $5.0M | $5.0M 100c | 450 bp | Sep 30, 2024 to Mar 31, 2026 |
| Stepstone Private Credit Fund LLC STEPSTONE GROUP PRIVATE DEBT LLC | exited | $5.0M | $5.0M 100c | 535 bp | Jun 30, 2024 to Jun 30, 2024 |
| New Mountain Finance Corp NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | exited · 2 pieces | $2.9M | $2.9M 101c | 450 bp | Dec 31, 2021 to Sep 30, 2025 |
| Palmer Square Capital BDC Inc. PALMER SQUARE BDC ADVISOR LLC | exited · 2 pieces | $1.0M | $1.0M 104c | 450 bp | Sep 30, 2024 to Dec 31, 2025 |
| Goldman Sachs Private Credit Corp. Goldman Sachs Asset Management, L.P | held · 5 pieces | $145M | $119M 99c | 450 bp | Sep 30, 2024 to Jun 30, 2026 |
| ARES CAPITAL CORP ARES CAPITAL MANAGEMENT LLC | held · 2 pieces | $46.6M | $46.1M 99c | 450 bp | Dec 31, 2021 to Jun 30, 2026 |
| Franklin BSP Capital Corp FRANKLIN BSP CAPITAL ADVISER LLC | held · 6 pieces | $40.1M | $40.1M 100c | 450 bp | Dec 31, 2024 to Jun 30, 2026 |
| Apollo Debt Solutions BDC APOLLO CREDIT MANAGEMENT, LLC | held | $33.4M | $33.2M 100c | 450 bp | Sep 30, 2024 to Jun 30, 2026 |
| Stone Point Credit Corp STONE POINT CREDIT ADVISER LLC | held | $33.4M | $33.3M 100c | 450 bp | Dec 31, 2022 to Jun 30, 2026 |
| Morgan Stanley Direct Lending Fund MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $27.6M | $27.2M 99c | 5 bp | Jun 30, 2024 to Jun 30, 2026 |
| North Haven Private Income Fund LLC MS CAPITAL PARTNERS ADVISER INC. | held · 5 pieces | $25.9M | $25.4M 99c | 450 bp | Dec 31, 2024 to Jun 30, 2026 |
| Golub Capital Private Credit Fund GC ADVISORS LLC | held · 5 pieces | $24.2M | $24.0M 100c | 450 bp | Sep 30, 2023 to Jun 30, 2026 |
| T Series BDC LLC MS CAPITAL PARTNERS ADVISER INC. | held · 3 pieces | $22.0M | $21.7M 99c | 450 bp | Dec 31, 2024 to Jun 30, 2026 |
| Antares Strategic Credit Fund ANTARES CAPITAL CREDIT ADVISERS LLC | held | $17.6M | $17.4M 99c | 450 bp | Mar 31, 2024 to Jun 30, 2026 |
| Stone Point Credit Income Fund STONE POINT CREDIT INCOME ADVISER LLC | held | $11.8M | $11.7M 100c | 450 bp | Mar 31, 2025 to Jun 30, 2026 |
| AGL Private Credit Income Fund AGL US DL MANAGEMENT LLC | held · 3 pieces | $8.5M | $8.5M 100c | 450 bp | Dec 31, 2024 to Jun 30, 2026 |
| New Mountain Guardian IV BDC, L.L.C. NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 6 pieces | $7.5M | $6.6M 100c | 450 bp | Jun 30, 2024 to Jun 30, 2026 |
| LGAM Private Credit LLC MS CAPITAL PARTNERS ADVISER INC. | held · 2 pieces | $4.7M | $4.6M 99c | 450 bp | Jun 30, 2024 to Jun 30, 2026 |
| Antares Private Credit Fund ANTARES CAPITAL CREDIT ADVISERS LLC | held | $4.5M | $4.4M 99c | 450 bp | Dec 31, 2024 to Jun 30, 2026 |
| SL Investment Fund II LLC MS CAPITAL PARTNERS ADVISER INC. | held | $4.4M | $4.3M 99c | 450 bp | Dec 31, 2024 to Jun 30, 2026 |
| BlackRock Private Credit Fund BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | held | $3.1M | $3.1M 101c | 450 bp | Jun 30, 2023 to Jun 30, 2026 |
| Golub Capital BDC 4, Inc. GC ADVISORS LLC | held · 5 pieces | $2.9M | $2.9M 99c | 450 bp | Mar 31, 2026 to Jun 30, 2026 |
| ARES STRATEGIC INCOME FUND ARES CAPITAL MANAGEMENT LLC | held | $2.9M | $2.9M 99c | 450 bp | Mar 31, 2026 to Jun 30, 2026 |
| New Mountain Guardian IV Income Fund, L.L.C. NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 6 pieces | $2.5M | $2.3M 100c | 450 bp | Jun 30, 2024 to Jun 30, 2026 |
| NMF SLF I, Inc. NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 2 pieces | $1.9M | $1.8M 101c | 450 bp | Jun 30, 2024 to Jun 30, 2026 |
| North Haven Private Income Fund A LLC MS CAPITAL PARTNERS ADVISER INC. | held · 2 pieces | $964,000 | $933,000 98c | 450 bp | Dec 31, 2024 to Jun 30, 2026 |
| New Mountain Private Credit Fund NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 2 pieces | $882,000 | $277,000 100c | 450 bp | Dec 31, 2023 to Jun 30, 2026 |
| GOLUB CAPITAL BDC, Inc. GC ADVISORS LLC | held · 5 pieces | $374,000 | $370,000 99c | 450 bp | Mar 31, 2026 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 | 24 | $473M | 100c | 450 bp | Feb 23, 2033 | |
| Mar 31, 2026 | 26 | $543M | 100c | 450 bp | Feb 23, 2033 | |
| Dec 31, 2025 | 26 | $497M | 101c | 450 bp | Sep 30, 2028 | |
| Sep 30, 2025 | 27 | $432M | 101c | 450 bp | Sep 30, 2028 | |
| Jun 30, 2025 | 24 | $333M | 100c | 450 bp | Sep 30, 2028 | |
| Mar 31, 2025 | 24 | $291M | 100c | 450 bp | Sep 30, 2028 | |
| Dec 31, 2024 | 26 | $599M | 101c | 450 bp | Sep 30, 2028 | |
| Sep 30, 2024 | 19 | $268M | 100c | 450 bp | Sep 29, 2028 | |
| Jun 30, 2024 | 15 | $229M | 101c | 525 bp | Sep 29, 2028 | |
| Mar 31, 2024 | 7 | $166M | 101c | 525 bp | Sep 29, 2028 | |
| Dec 31, 2023 | 7 | $231M | 100c | 525 bp | Sep 29, 2028 | |
| Sep 30, 2023 | 6 | $171M | 99c | 525 bp | Sep 29, 2028 | |
| Jun 30, 2023 | 4 | $155M | 99c | 525 bp | Sep 29, 2028 | |
| Mar 31, 2023 | 3 | $138M | 99c | 525 bp | Sep 29, 2028 | |
| Dec 31, 2022 | 4 | $147M | 98c | 525 bp | Sep 29, 2028 | |
| Sep 30, 2022 | 1 | $35.9M | 98c | 525 bp | 1.00% | Sep 1, 2028 |
| Dec 31, 2021 | 2 | $90.8M | 99c | 525 bp | Sep 29, 2028 |
What changed on this facility
position and facility grain, including routine
- Maturity extended (observed) Mar 31, 2026Galway Borrower LLC term loan: maturity moved from 2028-09-30 to 2033-02-23
- Lender left a facility Mar 31, 2026Jefferies Credit Partners BDC Inc. no longer holds Galway Borrower LLC term loan after 2026-03-31; 25 BDC(s) still hold it
- Lender left a facility Mar 31, 2026Senior Credit Investments, LLC no longer holds Galway Borrower LLC term loan after 2026-03-31; 25 BDC(s) still hold it
- New lender joined a facility Mar 31, 2026Golub Capital BDC 4, Inc. joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Mar 31, 2026ARES STRATEGIC INCOME FUND joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Mar 31, 2026GOLUB CAPITAL BDC, Inc. joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- Lender left a facility Dec 31, 2025AB Private Credit Investors Corp no longer holds Galway Borrower LLC term loan after 2025-12-31; 25 BDC(s) still hold it
- Lender left a facility Dec 31, 2025Crescent Capital BDC, Inc. no longer holds Galway Borrower LLC term loan after 2025-12-31; 25 BDC(s) still hold it
- Lender left a facility Dec 31, 2025Palmer Square Capital BDC Inc. no longer holds Galway Borrower LLC term loan after 2025-12-31; 25 BDC(s) still hold it
- Lender left a facility Sep 30, 2025New Mountain Finance Corp no longer holds Galway Borrower LLC term loan after 2025-09-30; 25 BDC(s) still hold it
- New lender joined a facility Mar 31, 2025Stone Point Credit Income Fund joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Dec 31, 2024North Haven Private Income Fund LLC joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Dec 31, 2024T Series BDC LLC joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Dec 31, 2024North Haven Private Income Fund A LLC joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Dec 31, 2024Franklin BSP Capital Corp joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- Spread changed (observed) Sep 30, 2024Galway Borrower LLC term loan: spread moved from 5.25% to 4.50%
- New lender joined a facility Sep 30, 2024Goldman Sachs Private Credit Corp. joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Sep 30, 2024Apollo Debt Solutions BDC joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Sep 30, 2024Jefferies Credit Partners BDC Inc. joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Sep 30, 2024Senior Credit Investments, LLC joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Sep 30, 2024Palmer Square Capital BDC Inc. joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Jun 30, 2024Morgan Stanley Direct Lending Fund joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Jun 30, 2024New Mountain Guardian IV BDC, L.L.C. joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Jun 30, 2024Crescent Capital BDC, Inc. joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- Lender left a facility Jun 30, 2024Stepstone Private Credit Fund LLC no longer holds Galway Borrower LLC term loan after 2024-06-30; 25 BDC(s) still hold it
- New lender joined a facility Jun 30, 2024Stepstone Private Credit Fund LLC joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Jun 30, 2024LGAM Private Credit LLC joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Jun 30, 2024New Mountain Guardian IV Income Fund, L.L.C. joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Jun 30, 2024NMF SLF I, Inc. joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Sep 30, 2023Golub Capital Private Credit Fund joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- New lender joined a facility Jun 30, 2023BlackRock Private Credit Fund joins Galway Borrower LLC term loan (first lien) held by 31 other BDCs
- PIK interest appears Sep 30, 2022Galway Borrower LLC term loan: PIK interest of 1.00% appears (was cash pay)
Other pieces of this borrower's structure
- at least $277M
- at least $53.2M
- at least $30.7M
- at least $10.1M
- unknown
- term loanexited Mar 31, 2026at least $18.6M
- equityexited Sep 30, 2025n/a
- preferred equityexited Sep 30, 2025n/a
How this facility is known
- Grain
- Galway Borrower LLC 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