DFX Intelligence
Private Credit Intelligence
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Facility
E••••••• I•• first lien term loan
first lienheld todaySoftware
Principal held
at least $59.7M
sum of BDC pieces, a lower bound
Fair value
$58.7M
99c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+575 bp
floor 1.00%
PIK
none stated
Maturity
Jun 1, 2027
tagged by the filer
Lenders
4 holding
0 exited · 0 named on a deal
On the tape
13 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 |
|---|---|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• CHURCHILL PCIF ADVISOR LLC | held · 2 pieces | $25.6M | $25.2M 99c | 575 bp | Dec 31, 2025 to Jun 30, 2026 |
| A• P•••••• C••••• I•••••••• C••• A• P•••••• C••••• I•••••••• LLC | held · 4 pieces | $18.9M | $18.6M 98c | 575 bp | Dec 31, 2022 to Jun 30, 2026 |
| N••••• C•••••••• D••••• L•••••• C•••• CHURCHILL DLC ADVISOR LLC | held | $9.4M | $9.3M 99c | 575 bp | Dec 31, 2024 to Jun 30, 2026 |
| A• P•••••• L•••••• F••• A• P•••••• C••••• I•••••••• LLC | held · 2 pieces | $5.8M | $5.7M 98c | 575 bp | Jun 30, 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 | 4 | $59.7M | 99c | 575 bp | Jun 1, 2027 | |
| Mar 31, 2026 | 4 | $39.8M | 99c | 525 bp | Jun 1, 2027 | |
| Dec 31, 2025 | 4 | $58.8M | 100c | 525 bp | Jun 1, 2027 | |
| Sep 30, 2025 | 3 | $34.3M | 100c | 525 bp | Jun 1, 2027 | |
| Jun 30, 2025 | 3 | $27.7M | 101c | 550 bp | Jun 1, 2027 | |
| Mar 31, 2025 | 3 | $27.9M | 101c | 550 bp | Jun 1, 2027 | |
| Dec 31, 2024 | 3 | $54.6M | 101c | 550 bp | Jun 1, 2027 | |
| Sep 30, 2024 | 2 | $18.4M | 100c | 550 bp | Jun 1, 2027 | |
| Jun 30, 2024 | 2 | $18.4M | 101c | 550 bp | Jun 1, 2027 | |
| Mar 31, 2024 | 1 | $14.8M | 100c | 550 bp | Jun 1, 2027 | |
| Dec 31, 2023 | 1 | $41.7M | 86c | 550 bp | Jun 1, 2027 | |
| Sep 30, 2023 | 1 | $14.8M | 100c | 550 bp | May 31, 2024 | |
| Dec 31, 2022 | 1 | $21.1M | 100c | 550 bp | May 31, 2024 |
What changed on this facility
position and facility grain, including routine
- Maturity approaching Jun 1, 2027E••••••• I•• term loan (first lien) matures 2027-06-01 (inside 24 months; $59.7M held by 4 BDCs)
- Maturity approaching Jun 1, 2027E••••••• I•• term loan (first lien) matures 2027-06-01 (inside 18 months; $59.7M held by 4 BDCs)
- Maturity approaching Jun 1, 2027E••••••• I•• term loan (first lien) matures 2027-06-01 (inside 12 months; $59.7M held by 4 BDCs)
- Spread changed (observed) Jun 30, 2026E••••••• I•• term loan: spread moved from 5.25% to 5.75%
- New lender joined a facility Dec 31, 2025N••••• C•••••••• P•••••• C•••••• I••••• F••• joins E••••••• I•• term loan (first lien) held by 3 other BDCs
- New lender joined a facility Dec 31, 2024N••••• C•••••••• D••••• L•••••• C•••• joins E••••••• I•• term loan (first lien) held by 2 other BDCs
- Mark recovered Mar 31, 2024E••••••• I•• term loan: marked from 86 to 100 cents on cost
- Maturity extended (observed) Dec 31, 2023E••••••• I•• term loan: maturity moved from 2024-05-31 to 2027-06-01
- Marked down across lenders Dec 31, 2023E••••••• I•• term loan: marked from 100 to 86 cents on cost across 1 lender(s)
Other pieces of this borrower's structure
- at least $1.8M
- at least $0
- otherexited Sep 30, 2025at least $7.4M
- delayed draw term loanexited Dec 31, 2025unknown
How this facility is known
- Grain
- E••••••• I•• 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