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
B••• N•••• S••• U• H••••• 2• I•• first lien term loan
first lienheld todayFood Products
Principal held
at least $4.8M
sum of BDC pieces, a lower bound
Fair value
$4.8M
102c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+400 bp
modal across pieces
PIK
none stated
Maturity
Jun 9, 2028
html_schedule
Lenders
2 holding
4 exited · 0 named on a deal
On the tape
16 quarters
Jun 30, 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•••••••• D••••• L•••••• C•••• CHURCHILL DLC ADVISOR LLC | exited | $10.5M | $10.1M 101c | 400 bp | Dec 31, 2024 to Dec 31, 2024 |
| O••• D••••• L•••••• B•• F••• ONEX CREDIT ADVISOR, LLC | exited | $3.2M | $3.2M 101c | 400 bp | Dec 31, 2024 to Jun 30, 2025 |
| H•••••• P••• C•••••••• I•••••• I••• OFS Advisor | exited | $1.8M | $1.8M 104c | 725 bp | Dec 31, 2022 to Dec 31, 2024 |
| O•• C•••••• C••• OFS Advisor | exited | $1.7M | $1.5M 94c | 725 bp | Dec 31, 2022 to Dec 31, 2022 |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• CHURCHILL PCIF ADVISOR LLC | held | $4.8M | $4.8M 102c | 400 bp | Dec 31, 2024 to Jun 30, 2026 |
| P••••••• F••••••• R••• • A••••••••• I••••• F•••• I••• PROSPECT CAPITAL MANAGEMENT L.P. | held | $3.0M | $3.0M 103c | 400 bp | Jun 30, 2022 to Mar 31, 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 | 1 | $4.8M | 102c | 400 bp | Jun 9, 2028 | |
| Mar 31, 2026 | 2 | $7.8M | 102c | 400 bp | Jun 9, 2028 | |
| Dec 31, 2025 | 2 | $7.8M | 102c | 400 bp | Jun 9, 2028 | |
| Sep 30, 2025 | 2 | $7.9M | 103c | 400 bp | Jun 9, 2028 | |
| Jun 30, 2025 | 3 | $18.1M | 102c | 400 bp | Jun 9, 2028 | |
| Mar 31, 2025 | 3 | $15.1M | 101c | 400 bp | Jun 9, 2028 | |
| Dec 31, 2024 | 5 | $23.5M | 101c | 400 bp | Jun 9, 2028 | |
| Sep 30, 2024 | 2 | $6.9M | 99c | 725 bp | ||
| Jun 30, 2024 | 2 | $7.7M | 100c | 400 bp | ||
| Mar 31, 2024 | 2 | $1.8M | 95c | 725 bp | ||
| Dec 31, 2023 | 2 | $1.8M | 93c | 400 bp | ||
| Sep 30, 2023 | 2 | $1.8M | 93c | 725 bp | ||
| Jun 30, 2023 | 2 | $2.8M | 94c | 400 bp | ||
| Mar 31, 2023 | 2 | $2.8M | 93c | 400 bp | ||
| Dec 31, 2022 | 2 | $2.5M | 94c | 725 bp | ||
| Jun 30, 2022 | 1 | $2.0M | 99c | 400 bp |
What changed on this facility
position and facility grain, including routine
- Maturity approaching Jun 9, 2028B••• N•••• S••• U• H••••• 2• I•• term loan (first lien) matures 2028-06-09 (inside 24 months; $4.8M held by 6 BDCs)
- Lender left a facility Jun 30, 2025O••• D••••• L•••••• B•• F••• no longer holds B••• N•••• S••• U• H••••• 2• I•• term loan after 2025-06-30; 2 BDC(s) still hold it
- Spread changed (observed) Dec 31, 2024B••• N•••• S••• U• H••••• 2• I•• term loan: spread moved from 7.25% to 4.00%
- Lender left a facility Dec 31, 2024N••••• C•••••••• D••••• L•••••• C•••• no longer holds B••• N•••• S••• U• H••••• 2• I•• term loan after 2024-12-31; 2 BDC(s) still hold it
- New lender joined a facility Dec 31, 2024N••••• C•••••••• D••••• L•••••• C•••• joins B••• N•••• S••• U• H••••• 2• I•• term loan (first lien) held by 5 other BDCs
- New lender joined a facility Dec 31, 2024N••••• C•••••••• P•••••• C•••••• I••••• F••• joins B••• N•••• S••• U• H••••• 2• I•• term loan (first lien) held by 5 other BDCs
- New lender joined a facility Dec 31, 2024O••• D••••• L•••••• B•• F••• joins B••• N•••• S••• U• H••••• 2• I•• term loan (first lien) held by 5 other BDCs
- Lender left a facility Dec 31, 2024H•••••• P••• C•••••••• I•••••• I••• no longer holds B••• N•••• S••• U• H••••• 2• I•• term loan after 2024-12-31; 2 BDC(s) still hold it
- Spread changed (observed) Sep 30, 2024B••• N•••• S••• U• H••••• 2• I•• term loan: spread moved from 4.00% to 7.25%
- Mark recovered Jun 30, 2024B••• N•••• S••• U• H••••• 2• I•• term loan: marked from 95 to 100 cents on cost
- Spread changed (observed) Jun 30, 2024B••• N•••• S••• U• H••••• 2• I•• term loan: spread moved from 7.25% to 4.00%
- Spread changed (observed) Mar 31, 2024B••• N•••• S••• U• H••••• 2• I•• term loan: spread moved from 4.00% to 7.25%
- Spread changed (observed) Dec 31, 2023B••• N•••• S••• U• H••••• 2• I•• term loan: spread moved from 7.25% to 4.00%
- Spread changed (observed) Sep 30, 2023B••• N•••• S••• U• H••••• 2• I•• term loan: spread moved from 4.00% to 7.25%
- Spread changed (observed) Jun 30, 2023B••• N•••• S••• U• H••••• 2• I•• term loan: spread moved from 7.25% to 4.00%
- Spread changed (observed) Mar 31, 2023B••• N•••• S••• U• H••••• 2• I•• term loan: spread moved from 7.25% to 4.00%
- Spread changed (observed) Dec 31, 2022B••• N•••• S••• U• H••••• 2• I•• term loan: spread moved from 4.00% to 7.25%
- New lender joined a facility Dec 31, 2022O•• C•••••• C••• joins B••• N•••• S••• U• H••••• 2• I•• term loan (first lien) held by 5 other BDCs
- Lender left a facility Dec 31, 2022O•• C•••••• C••• no longer holds B••• N•••• S••• U• H••••• 2• I•• term loan after 2022-12-31; 2 BDC(s) still hold it
Other pieces of this borrower's structure
- at least $79.3M
- at least $8.8M
- at least $100,000
- unknown
- second lien delayed draw term loanexited Jun 30, 2024at least $5.2M
- revolverexited Dec 31, 2024unknown
How this facility is known
- Grain
- B••• N•••• S••• U• H••••• 2• 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