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Facility

A•••••• L•• first lien term loan

first lienheld todayBusiness Services
Principal held
at least $134M
sum of BDC pieces, a lower bound
Fair value
$131M
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+550 bp
floor 1.00%
PIK
none stated
Maturity
Sep 13, 2029
tagged by the filer
Lenders
6 holding
2 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
LenderStatusPrincipalFair valueSpreadHeld
M••••• C•••••• I••••• P••• C•••
MC Advisors
exited · 8 pieces$19.8M$19.9M
101c
690 bpDec 31, 2022 to Jun 30, 2024
R•••••• E••••••• I••••• F•••• L•
REDWOOD CAPITAL MANAGEMENT, LLC
exited$11.9M$11.7M
100c
575 bpSep 30, 2024 to Dec 31, 2024
P••••••••• F••••••• R••• C•••••• L•••
P••••••••• I••••••••• ADVISERS, LLC
held · 4 pieces$69.7M$67.8M
100c
550 bpSep 30, 2024 to Jun 30, 2026
P••••••••• I••••••••• C•••
P••••••••• I••••••••• ADVISERS, LLC
held · 2 pieces$27.6M$27.3M
100c
550 bpSep 30, 2024 to Jun 30, 2026
S•••••••• P•••••• C••••• F••• L••
STEPSTONE GROUP PRIVATE DEBT LLC
held · 4 pieces$13.8M$13.5M
99c
550 bpSep 30, 2024 to Jun 30, 2026
F•••• E•••• P•••••• C••••• F•••
FIRST EAGLE INVESTMENT MANAGEMENT, LLC
held$11.5M$11.5M
101c
550 bpSep 30, 2024 to Jun 30, 2026
S•••• P•••• D••••• L•••••• B••
SOUND POINT CAPITAL MANAGEMENT, LP
held$8.5M$8.5M
100c
550 bpDec 31, 2025 to Jun 30, 2026
A•••• C••••• B•• I•••held$2.8M$2.8M
101c
550 bpDec 31, 2023 to Jun 30, 2026
Facility through time
pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Jun 30, 20266$134M100c550 bpSep 13, 2029
Mar 31, 20266$134M100c550 bpSep 13, 2029
Dec 31, 20256$135M101c550 bpSep 13, 2029
Sep 30, 20255$134M100c575 bpSep 13, 2029
Jun 30, 20255$112M100c575 bpSep 13, 2029
Mar 31, 20255$85.3M100c575 bpSep 13, 2029
Dec 31, 20246$138M100c575 bpSep 13, 2029
Sep 30, 20246$222M100c575 bpSep 15, 2029
Jun 30, 20241$19.8M101c690 bpJun 10, 2026
Mar 31, 20241$19.4M101c635 bpJun 10, 2026
Dec 31, 20232$58.3M101c635 bpSep 13, 2029
Sep 30, 20231$19.5M99c560 bpJun 10, 2026
Jun 30, 20231$19.5M99c550 bpJun 10, 2026
Mar 31, 20231$18.4M101c550 bpJun 10, 2026
Dec 31, 20221$36.8M100c550 bpJun 10, 2026
What changed on this facility
position and facility grain, including routine
  • Lender left a facility Dec 31, 2024
    R•••••• E••••••• I••••• F•••• L• no longer holds A•••••• L•• term loan after 2024-12-31; 3 BDC(s) still hold it
  • Spread changed (observed) Sep 30, 2024
    A•••••• L•• term loan: spread moved from 6.90% to 5.75%
  • Maturity extended (observed) Sep 30, 2024
    A•••••• L•• term loan: maturity moved from 2026-06-10 to 2029-09-15
  • New lender joined a facility Sep 30, 2024
    P••••••••• I••••••••• C••• joins A•••••• L•• term loan (first lien) held by 6 other BDCs
  • New lender joined a facility Sep 30, 2024
    P••••••••• F••••••• R••• C•••••• L••• joins A•••••• L•• term loan (first lien) held by 6 other BDCs
  • New lender joined a facility Sep 30, 2024
    S•••••••• P•••••• C••••• F••• L•• joins A•••••• L•• term loan (first lien) held by 6 other BDCs
  • New lender joined a facility Sep 30, 2024
    R•••••• E••••••• I••••• F•••• L• joins A•••••• L•• term loan (first lien) held by 6 other BDCs
  • New lender joined a facility Sep 30, 2024
    F•••• E•••• P•••••• C••••• F••• joins A•••••• L•• term loan (first lien) held by 6 other BDCs
  • Spread changed (observed) Jun 30, 2024
    A•••••• L•• term loan: spread moved from 6.35% to 6.90%
  • Lender left a facility Jun 30, 2024
    M••••• C•••••• I••••• P••• C••• no longer holds A•••••• L•• term loan after 2024-06-30; 3 BDC(s) still hold it
  • Spread changed (observed) Dec 31, 2023
    A•••••• L•• term loan: spread moved from 5.60% to 6.35%
  • Maturity extended (observed) Dec 31, 2023
    A•••••• L•• term loan: maturity moved from 2026-06-10 to 2029-09-13
  • New lender joined a facility Dec 31, 2023
    A•••• C••••• B•• I••• joins A•••••• L•• term loan (first lien) held by 1 other BDC
Other pieces of this borrower's structure
How this facility is known
Grain
A•••••• L•• 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