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•• B••••• L•• first lien delayed draw term loan

first lienheld todayTechnology Hardware, Storage & Peripherals
Principal held
at least $11.5M
sum of BDC pieces, a lower bound
Fair value
$10.6M
93c on cost
Unfunded
$0
pieces' unfunded commitments
Pricing
SOFR+250 bp
pieces from 250 bp to 500 bp
PIK
2.50%
paid in kind, the highest piece
Maturity
Feb 2, 2032
tagged by the filer
Lenders
5 holding
2 exited · 0 named on a deal
On the tape
6 quarters
Mar 31, 2025 to Jun 30, 2026
Lender group
every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
J•••••••• C••••• P••••••• B•• I•••
JEFFERIES CREDIT MANAGEMENT LLC
exited · 2 pieces$3.1M$3.1M
101c
500 bpMar 31, 2025 to Mar 31, 2026
S••••• C••••• I••••••••• L••
JEFFERIES CREDIT MANAGEMENT LLC
exited · 2 pieces$1.2M$1.2M
101c
500 bpMar 31, 2025 to Mar 31, 2026
A• P•••••• C••••• I•••••••• C•••
AB PRIVATE CREDIT INVESTORS LLC
held$3.6M$3.3M
92c
250 bpMar 31, 2025 to Jun 30, 2026
S•••••••• P•••••• C••••• F••• L••
STEPSTONE GROUP PRIVATE DEBT LLC
held$2.8M$2.8M
100c
500 bpJun 30, 2025 to Jun 30, 2026
N••••• C•••••••• D••••• L•••••• C••••
CHURCHILL DLC ADVISOR LLC
held · 2 pieces$2.3M$2.0M
90c
250 bpDec 31, 2025 to Jun 30, 2026
N••••• C•••••••• P•••••• C•••••• I••••• F•••
CHURCHILL PCIF ADVISOR LLC
held · 2 pieces$2.3M$2.0M
90c
250 bpDec 31, 2025 to Jun 30, 2026
A• P•••••• L•••••• F•••
AB PRIVATE CREDIT INVESTORS LLC
held$531,908$484,036
92c
250 bpMar 31, 2025 to Jun 30, 2026
Facility through time
pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Jun 30, 20265$11.5M93c250 bp2.50%Feb 2, 2032
Mar 31, 20267$18.1M99c500 bp2.50%Feb 2, 2032
Dec 31, 20257$20.8M101c475 bpFeb 2, 2032
Sep 30, 20255$6.0M101c475 bpFeb 2, 2032
Jun 30, 20255$3.8M100c475 bpFeb 2, 2032
Mar 31, 20254$506,02078c475 bpFeb 2, 2032
What changed on this facility
position and facility grain, including routine
  • Spread changed (observed) Jun 30, 2026
    T•• B••••• L•• delayed draw: spread moved from 5.00% to 2.50%
  • Marked down across lenders Jun 30, 2026
    T•• B••••• L•• delayed draw: marked from 99 to 91 cents on cost across 4 lender(s)
  • PIK interest appears Mar 31, 2026
    T•• B••••• L•• delayed draw: PIK interest of 2.50% appears (was cash pay)
  • Lender left a facility Mar 31, 2026
    J•••••••• C••••• P••••••• B•• I••• no longer holds T•• B••••• L•• delayed draw after 2026-03-31; 4 BDC(s) still hold it
  • Lender left a facility Mar 31, 2026
    S••••• C••••• I••••••••• L•• no longer holds T•• B••••• L•• delayed draw after 2026-03-31; 4 BDC(s) still hold it
  • New lender joined a facility Dec 31, 2025
    N••••• C•••••••• P•••••• C•••••• I••••• F••• joins T•• B••••• L•• delayed draw (first lien) held by 6 other BDCs
  • New lender joined a facility Dec 31, 2025
    N••••• C•••••••• D••••• L•••••• C•••• joins T•• B••••• L•• delayed draw (first lien) held by 6 other BDCs
  • Mark recovered Jun 30, 2025
    T•• B••••• L•• delayed draw: marked from 78 to 100 cents on cost
  • New lender joined a facility Jun 30, 2025
    S•••••••• P•••••• C••••• F••• L•• joins T•• B••••• L•• delayed draw (first lien) held by 4 other BDCs
Other pieces of this borrower's structure
How this facility is known
Grain
T•• B••••• 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