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

first lienheld todayConstruction Machinery & Heavy Transportation Equipment
Principal held
at least $4.5M
sum of BDC pieces, a lower bound
Fair value
$2.4M
100c on cost
Unfunded
$38.2M
pieces' unfunded commitments
Pricing
SOFR+475 bp
pieces from 100 bp to 575 bp
PIK
none stated
Maturity
Feb 13, 2032
tagged by the filer
Lenders
4 holding
1 exited · 0 named on a deal
On the tape
10 quarters
Mar 31, 2024 to Jun 30, 2026
Lender group
every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
M••••• C•••••• I••••• P••• C•••
MC Advisors
exited · 2 pieces$1.1M$682,000
100c
575 bpMar 31, 2024 to Mar 31, 2025
A•••••• P•••••• C••••• F•••
ANTARES CAPITAL CREDIT ADVISERS LLC
held · 5 pieces$2.8M$737,000
97c
575 bpDec 31, 2024 to Jun 30, 2026
S•••••••• P•••••• C••••• F••• L••
STEPSTONE GROUP PRIVATE DEBT LLC
held · 3 pieces$1.3M$1.2M
101c
475 bpMar 31, 2024 to Jun 30, 2026
M••••• F•••••••• I••••••••• C•••
APOLLO INVESTMENT MANAGEMENT, L.P.
held$407,000$401,000
103c
475 bpDec 31, 2024 to Jun 30, 2026
H•• C•••••••• L•••••• F•••
HPS ADVISORS, LLC
held · 2 piecesn/an/aMar 31, 2024 to Jun 30, 2026
Facility through time
pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Jun 30, 20264$4.5M100c475 bpFeb 13, 2032
Mar 31, 20264$4.1M100c475 bpFeb 13, 2032
Dec 31, 20254$6.8M97c475 bpFeb 13, 2032
Sep 30, 20254$3.6M100c500 bpFeb 13, 2032
Jun 30, 20254$2.9Mn/a575 bpFeb 13, 2032
Mar 31, 20255$1.8M100c575 bpFeb 13, 2031
Dec 31, 20245$2.3Mn/a575 bpFeb 13, 2031
Sep 30, 20242$1.1Mn/a575 bpFeb 13, 2031
Jun 30, 20242$1.1Mn/a575 bpFeb 13, 2031
Mar 31, 20243$1.1Mn/a575 bpFeb 13, 2031
What changed on this facility
position and facility grain, including routine
  • Spread changed (observed) Sep 30, 2025
    T••••••••• C••• L•• delayed draw: spread moved from 5.75% to 5.00%
  • Maturity extended (observed) Jun 30, 2025
    T••••••••• C••• L•• delayed draw: maturity moved from 2031-02-13 to 2032-02-13
  • Lender left a facility Mar 31, 2025
    M••••• C•••••• I••••• P••• C••• no longer holds T••••••••• C••• L•• delayed draw after 2025-03-31; 3 BDC(s) still hold it
  • Spread changed (observed) Dec 31, 2024
    T••••••••• C••• L•• delayed draw: spread moved from 1.00% to 5.75%
  • New lender joined a facility Dec 31, 2024
    M••••• F•••••••• I••••••••• C••• joins T••••••••• C••• L•• delayed draw (first lien) held by 4 other BDCs
  • Spread changed (observed) Sep 30, 2024
    T••••••••• C••• L•• delayed draw: spread moved from 5.75% to 1.00%
  • Spread changed (observed) Jun 30, 2024
    T••••••••• C••• L•• delayed draw: spread moved from 1.00% to 5.75%
Other pieces of this borrower's structure
How this facility is known
Grain
T••••••••• C••• 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