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
I• I••••••••• H•••••••• L•• revolver
Principal held
at least $620M
sum of BDC pieces, a lower bound
Fair value
$620M
101c on cost
Unfunded
$60.1M
pieces' unfunded commitments
Pricing
S+500 bp
modal across pieces
PIK
none stated
Maturity
Sep 22, 2028
html_schedule
Lenders
2 holding
3 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 |
|---|---|---|---|---|---|
| A•• P•••••• C••••• I••••• F••• AGL US DL MANAGEMENT LLC | exited | n/a | n/a | Dec 31, 2024 to Dec 31, 2024 | |
| A•••••• S•••••••• C••••• F••• ANTARES CAPITAL CREDIT ADVISERS LLC | exited | n/a | $-6,000 | Dec 31, 2024 to Dec 31, 2024 | |
| A•••••• P•••••• C••••• F••• ANTARES CAPITAL CREDIT ADVISERS LLC | exited | n/a | $-1,000 | Dec 31, 2024 to Dec 31, 2024 | |
| B••••••••• P•••••• C••••• F••• BLACKSTONE PRIVATE CREDIT STRATEGIES LLC | held · 2 pieces | $574M | $574M 101c | 500 bp | Dec 31, 2022 to Jun 30, 2026 |
| B••••••••• S•••••• L•••••• F••• BLACKSTONE PRIVATE CREDIT STRATEGIES LLC | held · 2 pieces | $45.7M | $45.7M 101c | 500 bp | Dec 31, 2022 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 | 2 | $620M | 101c | 500 bp | Sep 22, 2028 | |
| Mar 31, 2026 | 2 | $622M | 101c | 500 bp | Sep 22, 2028 | |
| Dec 31, 2025 | 2 | $623M | 101c | 500 bp | Sep 22, 2028 | |
| Sep 30, 2025 | 2 | $625M | 101c | 500 bp | Sep 22, 2028 | |
| Jun 30, 2025 | 2 | $622M | 101c | 500 bp | Sep 22, 2028 | |
| Mar 31, 2025 | 2 | $623M | 101c | 500 bp | Sep 22, 2028 | |
| Dec 31, 2024 | 5 | $1.2B | 101c | 500 bp | Sep 22, 2028 | |
| Sep 30, 2024 | 2 | $625M | 101c | 600 bp | Sep 22, 2028 | |
| Jun 30, 2024 | 2 | $627M | 101c | 600 bp | Sep 22, 2028 | |
| Mar 31, 2024 | 2 | $624M | 101c | 600 bp | Sep 22, 2028 | |
| Dec 31, 2023 | 2 | $760M | 101c | 600 bp | Sep 22, 2028 | |
| Sep 30, 2023 | 2 | $657M | 101c | 600 bp | Sep 22, 2028 | |
| Jun 30, 2023 | 2 | $628M | 101c | 600 bp | Sep 22, 2028 | |
| Mar 31, 2023 | 2 | $494M | 101c | 600 bp | Sep 22, 2028 | |
| Dec 31, 2022 | 2 | n/a | n/a |
What changed on this facility
position and facility grain, including routine
- Spread changed (observed) Dec 31, 2024I• I••••••••• H•••••••• L•• revolver: spread moved from 6.00% to 5.00%
- New lender joined a facility Dec 31, 2024A•••••• S•••••••• C••••• F••• joins I• I••••••••• H•••••••• L•• revolver (unknown) held by 4 other BDCs
- Lender left a facility Dec 31, 2024A•••••• S•••••••• C••••• F••• no longer holds I• I••••••••• H•••••••• L•• revolver after 2024-12-31; 3 BDC(s) still hold it
- Lender left a facility Dec 31, 2024A•••••• P•••••• C••••• F••• no longer holds I• I••••••••• H•••••••• L•• revolver after 2024-12-31; 3 BDC(s) still hold it
- Lender left a facility Dec 31, 2024A•• P•••••• C••••• I••••• F••• no longer holds I• I••••••••• H•••••••• L•• revolver after 2024-12-31; 3 BDC(s) still hold it
Other pieces of this borrower's structure
- at least $488M
- at least $101M
- unknown
- otherexited Mar 31, 2026unknown
How this facility is known
- Grain
- I• I••••••••• H•••••••• L•• x revolverderivedborrower group x kind x lien; tranches with different maturities sit under it
- Size
- lower bound: sum of BDC piecesderived
- Sponsor basis
- Form D signer consensus, grade Bestimated
- Status
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported