DFX Intelligence
Private Credit Intelligence
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Facility
K••• I•• first lien delayed draw term loan
first lienoff every schedule since Dec 31, 2024Software
Principal held
at least $1.5M
sum of BDC pieces, a lower bound
Fair value
$1.5M
102c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
13.42%
floor 1.00%
PIK
3.25%
paid in kind, the highest piece
Maturity
Nov 1, 2027
tagged by the filer
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
4 quarters
Mar 31, 2024 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 |
|---|---|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | exited · 2 pieces | $1.0M | $1.0M 102c | Mar 31, 2024 to Dec 31, 2024 | |
| B•••••••• P•••••• C••••• F••• BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | exited | $515,193 | $514,935 102c | Mar 31, 2024 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 | 2 | $1.5M | 102c | 3.25% | Nov 1, 2027 | |
| Sep 30, 2024 | 1 | $511,030 | 102c | 3.25% | Nov 1, 2027 | |
| Jun 30, 2024 | 2 | $1.0M | 102c | 3.25% | Nov 1, 2027 | |
| Mar 31, 2024 | 2 | $1.0M | 102c | 3.25% | Nov 1, 2027 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Dec 31, 2024K••• I•• delayed draw (first lien) left every BDC schedule after 2024-12-31 (2 lenders, $1.5M last held)
Other pieces of this borrower's structure
- first lien term loanexited Dec 31, 2024at least $13.9M
How this facility is known
- Grain
- K••• I•• 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