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
P•••••••• P•••••••• L•• first lien term loan
first lienheld today
Principal held
at least $296M
sum of BDC pieces, a lower bound
Fair value
$287M
111c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+600 bp
pieces from 150 bp to 600 bp
PIK
2.50%
paid in kind, the highest piece
Maturity
Dec 1, 2029
html_schedule
Lenders
2 holding
3 exited · 0 named on a deal
On the tape
15 quarters
Dec 31, 2022 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 |
|---|---|---|---|---|---|
| F•••• E•••• P•••••• C••••• F••• FIRST EAGLE INVESTMENT MANAGEMENT, LLC | exited · 2 pieces | $9.9M | $4.7M 55c | 550 bp | Dec 31, 2023 to Dec 31, 2024 |
| K•••••• L•••• C•••••• C• KENNEDY LEWIS CAPITAL HOLDINGS LLC | exited | $982,323 | $396,200 42c | 400 bp | Dec 31, 2024 to Dec 31, 2024 |
| G•••••• S•••• P•••••• C••••• C•••• G•••••• S•••• Asset Management, L.P | exited · 3 pieces | $826,000 | $341,000 43c | 600 bp | Sep 30, 2023 to Sep 30, 2025 |
| B••• O•• C••••• I••••• C•••• BLUE OWL CREDIT ADVISORS LLC | held · 3 pieces | $278M | $270M 111c | 600 bp | Dec 31, 2022 to Jun 30, 2026 |
| B••• O•• C•••••• C••• BLUE OWL CREDIT ADVISORS LLC | held · 2 pieces | $17.9M | $17.2M 111c | 600 bp | Dec 31, 2024 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 | $296M | 111c | 150 bp | 2.50% | Dec 1, 2029 |
| Mar 31, 2026 | 2 | $295M | 99c | 150 bp | 2.50% | Dec 1, 2029 |
| Dec 31, 2025 | 2 | $295M | 88c | 150 bp | 2.50% | Dec 1, 2029 |
| Sep 30, 2025 | 3 | $296M | 83c | 600 bp | 4.00% | Dec 31, 2030 |
| Jun 30, 2025 | 3 | $296M | 91c | 600 bp | 4.00% | Dec 31, 2030 |
| Mar 31, 2025 | 3 | $296M | 100c | 400 bp | 4.00% | Dec 31, 2030 |
| Dec 31, 2024 | 5 | $333M | 74c | 400 bp | Dec 26, 2028 | |
| Sep 30, 2024 | 3 | $157M | 78c | 550 bp | Dec 26, 2028 | |
| Jun 30, 2024 | 3 | $157M | 79c | 550 bp | Dec 26, 2028 | |
| Mar 31, 2024 | 3 | $155M | 82c | 550 bp | Dec 26, 2028 | |
| Dec 31, 2023 | 3 | $149M | 101c | 400 bp | Dec 26, 2028 | |
| Sep 30, 2023 | 2 | $14.9M | 96c | 400 bp | Dec 23, 2028 | |
| Jun 30, 2023 | 1 | $12.8M | 95c | 400 bp | Dec 1, 2028 | |
| Mar 31, 2023 | 1 | $12.8M | 95c | 400 bp | Dec 1, 2028 | |
| Dec 31, 2022 | 1 | $12.9M | 96c | 400 bp | Dec 1, 2028 |
What changed on this facility
position and facility grain, including routine
- Spread changed (observed) Jun 30, 2026P•••••••• P•••••••• L•• term loan: spread moved from 6.00% to 1.50%
- Mark recovered Mar 31, 2026P•••••••• P•••••••• L•• term loan: marked from 88 to 99 cents on cost
- Spread changed (observed) Mar 31, 2026P•••••••• P•••••••• L•• term loan: spread moved from 1.50% to 6.00%
- Spread changed (observed) Dec 31, 2025P•••••••• P•••••••• L•• term loan: spread moved from 6.00% to 1.50%
- Marked down across lenders Sep 30, 2025P•••••••• P•••••••• L•• term loan: marked from 91 to 83 cents on cost across 3 lender(s)
- Lender left a facility Sep 30, 2025G•••••• S•••• P•••••• C••••• C•••• no longer holds P•••••••• P•••••••• L•• term loan after 2025-09-30; 2 BDC(s) still hold it
- Marked down across lenders Jun 30, 2025P•••••••• P•••••••• L•• term loan: marked from 100 to 91 cents on cost across 3 lender(s)
- Spread changed (observed) Jun 30, 2025P•••••••• P•••••••• L•• term loan: spread moved from 4.00% to 6.00%
- Mark recovered Mar 31, 2025P•••••••• P•••••••• L•• term loan: marked from 74 to 100 cents on cost
- PIK interest appears Mar 31, 2025P•••••••• P•••••••• L•• term loan: PIK interest of 4.00% appears (was cash pay)
- Maturity extended (observed) Mar 31, 2025P•••••••• P•••••••• L•• term loan: maturity moved from 2028-12-26 to 2030-12-31
- Spread changed (observed) Dec 31, 2024P•••••••• P•••••••• L•• term loan: spread moved from 5.50% to 4.00%
- Lender left a facility Dec 31, 2024F•••• E•••• P•••••• C••••• F••• no longer holds P•••••••• P•••••••• L•• term loan after 2024-12-31; 2 BDC(s) still hold it
- Lender left a facility Dec 31, 2024K•••••• L•••• C•••••• C• no longer holds P•••••••• P•••••••• L•• term loan after 2024-12-31; 2 BDC(s) still hold it
- New lender joined a facility Dec 31, 2024K•••••• L•••• C•••••• C• joins P•••••••• P•••••••• L•• term loan (first lien) held by 4 other BDCs
- Spread changed (observed) Sep 30, 2024P•••••••• P•••••••• L•• term loan: spread moved from 4.00% to 5.50%
- Spread changed (observed) Jun 30, 2024P•••••••• P•••••••• L•• term loan: spread moved from 5.50% to 4.00%
- Spread changed (observed) Mar 31, 2024P•••••••• P•••••••• L•• term loan: spread moved from 4.00% to 5.50%
- Marked down across lenders Mar 31, 2024P•••••••• P•••••••• L•• term loan: marked from 101 to 82 cents on cost across 3 lender(s)
- Spread changed (observed) Dec 31, 2023P•••••••• P•••••••• L•• term loan: spread moved from 4.00% to 5.50%
- New lender joined a facility Dec 31, 2023F•••• E•••• P•••••• C••••• F••• joins P•••••••• P•••••••• L•• term loan (first lien) held by 2 other BDCs
- New lender joined a facility Sep 30, 2023G•••••• S•••• P•••••• C••••• C•••• joins P•••••••• P•••••••• L•• term loan (first lien) held by 1 other BDC
Other pieces of this borrower's structure
This is the only piece of the borrower on the tape.
How this facility is known
- Grain
- P•••••••• P•••••••• L•• 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