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•• B••••• I•• first lien revolver
first lienoff every schedule since Dec 31, 2024
Principal held
at least $150M
sum of BDC pieces, a lower bound
Fair value
$147M
98c on cost
Unfunded
$516,000
pieces' unfunded commitments
Pricing
S+550 bp
modal across pieces
PIK
2.50%
paid in kind, the highest piece
Maturity
Apr 5, 2027
html_schedule
Lenders
0 holding
1 exited · 0 named on a deal
On the tape
10 quarters
Dec 31, 2021 to Dec 31, 2024
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••••••• B•• L•••••• C••• FRANKLIN BSP LENDING ADVISER, L.L.C. | dormant | n/a | n/a | Dec 31, 2021 to Sep 30, 2023 | |
| F••••••• B•• C•••••• C••• FRANKLIN BSP CAPITAL ADVISER LLC | exited · 12 pieces | $150M | $147M 98c | 550 bp | Dec 31, 2021 to Dec 31, 2024 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 1 | $150M | 98c | 550 bp | 2.50% | Apr 5, 2027 |
| Sep 30, 2024 | 1 | $54.6M | 98c | 550 bp | 2.50% | Apr 5, 2027 |
| Jun 30, 2024 | 1 | n/a | n/a | |||
| Mar 31, 2024 | 1 | n/a | n/a | |||
| Dec 31, 2023 | 1 | n/a | n/a | |||
| Sep 30, 2023 | 2 | n/a | n/a | |||
| Jun 30, 2023 | 2 | n/a | n/a | |||
| Mar 31, 2023 | 2 | n/a | n/a | |||
| Dec 31, 2022 | 2 | n/a | n/a | |||
| Dec 31, 2021 | 2 | n/a | n/a |
What changed on this facility
position and facility grain, including routine
- Lender left a facility Dec 31, 2024F••••••• B•• C•••••• C••• no longer holds P•• B••••• I•• revolver after 2024-12-31; 1 BDC(s) still hold it
- Facility left every BDC schedule Dec 31, 2024P•• B••••• I•• revolver (first lien) left every BDC schedule after 2024-12-31 (2 lenders, $.0M last held)
- PIK interest appears Sep 30, 2024P•• B••••• I•• revolver: PIK interest of 2.50% appears (was cash pay)
Other pieces of this borrower's structure
- at least $56.4M
- otherexited Mar 31, 2025at least $55.8M
- first lien delayed draw term loanexited Mar 31, 2024unknown
How this facility is known
- Grain
- P•• B••••• I•• x first lien revolverderivedborrower 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