DFX Intelligence
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Facility
R•••••• S••••••• G••••• L•• delayed draw term loan
lien unstatedheld todayIT Services
Principal held
at least $381M
sum of BDC pieces, a lower bound
Fair value
$380M
101c on cost
Unfunded
$120M
pieces' unfunded commitments
Pricing
S+525 bp
pieces from 475 bp to 525 bp
PIK
none stated
Maturity
Jun 15, 2029
html_schedule
Lenders
3 holding
5 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 |
|---|---|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• M• C•••••• P••••••• A•••••• I••• | exited · 3 pieces | $61.4M | $61.3M 101c | 625 bp | Dec 31, 2022 to Jun 30, 2024 |
| T• S••••• B•• L•• M• C•••••• P••••••• A•••••• I••• | exited · 4 pieces | $12.6M | $12.6M 101c | 625 bp | Dec 31, 2022 to Dec 31, 2024 |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• C•••••••• P••• A•••••• L•• | exited | n/a | n/a | Dec 31, 2024 to Dec 31, 2024 | |
| M••••• S•••••• D••••• L•••••• F••• M• C•••••• P••••••• A•••••• I••• | exited | n/a | n/a | Jun 30, 2024 to Jun 30, 2024 | |
| N••••• C•••••••• D••••• L•••••• C•••• C•••••••• D•• A•••••• L•• | exited | n/a | n/a | Dec 31, 2024 to Dec 31, 2024 | |
| B••••••••• P•••••• C••••• F••• B••••••••• P•••••• C••••• S••••••••• L•• | held · 4 pieces | $198M | $198M 100c | 525 bp | Dec 31, 2022 to Jun 30, 2026 |
| B••••••••• S•••••• L•••••• F••• B••••••••• P•••••• C••••• S••••••••• L•• | held · 4 pieces | $183M | $183M 101c | 525 bp | Dec 31, 2022 to Jun 30, 2026 |
| V•••• C••••• S•••••••• L•••••• C•••• V•••• C••••• B•• M••••••••• L••• | held | n/a | n/a | Dec 31, 2023 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 | 3 | $381M | 101c | 525 bp | Jun 15, 2029 | |
| Mar 31, 2026 | 3 | $352M | 101c | 500 bp | Jun 15, 2029 | |
| Dec 31, 2025 | 3 | $353M | 101c | 525 bp | Jun 15, 2029 | |
| Sep 30, 2025 | 3 | $328M | 101c | 525 bp | Jun 15, 2029 | |
| Jun 30, 2025 | 3 | $324M | 101c | 525 bp | Jun 15, 2029 | |
| Mar 31, 2025 | 3 | $306M | 101c | 525 bp | Jun 15, 2029 | |
| Dec 31, 2024 | 6 | $325M | 101c | 625 bp | Jun 15, 2029 | |
| Sep 30, 2024 | 4 | $100M | 102c | 625 bp | Jun 15, 2029 | |
| Jun 30, 2024 | 6 | $162M | 102c | 625 bp | Jun 15, 2029 | |
| Mar 31, 2024 | 5 | $162M | 101c | 625 bp | Jun 15, 2029 | |
| Dec 31, 2023 | 5 | $136M | 100c | 625 bp | Jun 15, 2029 | |
| Sep 30, 2023 | 4 | $107M | 100c | 600 bp | Jun 15, 2029 | |
| Jun 30, 2023 | 4 | $106M | 99c | 600 bp | Jun 15, 2029 | |
| Mar 31, 2023 | 4 | $106M | 99c | 600 bp | Jun 15, 2029 | |
| Dec 31, 2022 | 4 | n/a | n/a |
What changed on this facility
position and facility grain, including routine
- Spread changed (observed) Mar 31, 2025R•••••• S••••••• G••••• L•• delayed draw: spread moved from 6.25% to 5.25%
- Lender left a facility Dec 31, 2024T• S••••• B•• L•• no longer holds R•••••• S••••••• G••••• L•• delayed draw after 2024-12-31; 3 BDC(s) still hold it
- New lender joined a facility Dec 31, 2024N••••• C•••••••• P•••••• C•••••• I••••• F••• joins R•••••• S••••••• G••••• L•• delayed draw (unknown) held by 5 other BDCs
- New lender joined a facility Dec 31, 2024N••••• C•••••••• D••••• L•••••• C•••• joins R•••••• S••••••• G••••• L•• delayed draw (unknown) held by 5 other BDCs
- Lender left a facility Dec 31, 2024N••••• C•••••••• P•••••• C•••••• I••••• F••• no longer holds R•••••• S••••••• G••••• L•• delayed draw after 2024-12-31; 7 BDC(s) still hold it
- Lender left a facility Dec 31, 2024N••••• C•••••••• D••••• L•••••• C•••• no longer holds R•••••• S••••••• G••••• L•• delayed draw after 2024-12-31; 7 BDC(s) still hold it
- Lender left a facility Jun 30, 2024N•••• H•••• P•••••• I••••• F••• L•• no longer holds R•••••• S••••••• G••••• L•• delayed draw after 2024-06-30; 7 BDC(s) still hold it
- New lender joined a facility Jun 30, 2024M••••• S•••••• D••••• L•••••• F••• joins R•••••• S••••••• G••••• L•• delayed draw (unknown) held by 5 other BDCs
- Lender left a facility Jun 30, 2024M••••• S•••••• D••••• L•••••• F••• no longer holds R•••••• S••••••• G••••• L•• delayed draw after 2024-06-30; 3 BDC(s) still hold it
Other pieces of this borrower's structure
- at least $355M
- at least $62.7M
- at least $0
- unknown
- equityexited Mar 31, 2025$102M
How this facility is known
- Grain
- R•••••• S••••••• G••••• L•• x 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