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.
Facility
OpCo Borrower, LLC first lien term loan
first lienheld todayHealth Care Providers & Services
Principal held
at least $175M
sum of BDC pieces, a lower bound
Fair value
$174M
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+525 bp
pieces from 525 bp to 600 bp
PIK
none stated
Maturity
May 8, 2030
tagged by the filer
Lenders
6 holding
6 exited · 0 named on a deal
On the tape
16 quarters
Sep 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 |
|---|---|---|---|---|---|
| CION Investment Corp CION INVESTMENT MANAGEMENT, LLC | exited | $27.1M | $27.1M 100c | 600 bp | Sep 30, 2022 to Mar 31, 2026 |
| CAPITAL SOUTHWEST CORP CAPITAL SOUTHWEST CORP | exited | $8.7M | $8.7M 101c | 650 bp | Sep 30, 2022 to Mar 31, 2024 |
| BlackRock Direct Lending Corp. BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | exited | $2.4M | $2.4M 101c | 650 bp | Dec 31, 2022 to Sep 30, 2023 |
| BlackRock Private Credit Fund BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | exited | $2.0M | $2.0M 101c | 650 bp | Dec 31, 2022 to Sep 30, 2023 |
| BlackRock Capital Investment Corp BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | exited | $324,805 | $326,916 101c | 650 bp | Dec 31, 2022 to Sep 30, 2023 |
| BlackRock TCP Capital Corp. TENNENBAUM CAPITAL PARTNERS, LLC | exited | $324,805 | $326,916 101c | 650 bp | Dec 31, 2022 to Sep 30, 2023 |
| Overland Advantage Overland Advisors, LLC | held | $80.3M | $79.7M 100c | 525 bp | Jun 30, 2026 to Jun 30, 2026 |
| Stone Point Credit Corp STONE POINT CREDIT ADVISER LLC | held | $45.2M | $44.8M 99c | 525 bp | Jun 30, 2026 to Jun 30, 2026 |
| Brightwood Capital Corp I BRIGHTWOOD CAPITAL ADVISORS, LLC | held | $23.0M | $23.0M 100c | 600 bp | Dec 31, 2022 to Jun 30, 2026 |
| Stone Point Credit Income Fund STONE POINT CREDIT INCOME ADVISER LLC | held | $11.6M | $11.5M 100c | 525 bp | Mar 31, 2026 to Jun 30, 2026 |
| John Hancock Comvest Private Income Fund COMVEST CREDIT MANAGERS, LLC | held | $10.0M | $10.0M 100c | 525 bp | Sep 30, 2024 to Jun 30, 2026 |
| Commonwealth Credit Partners BDC I, Inc. COMMONWEALTH CREDIT ADVISORS, LLC | held | $5.2M | $5.1M 101c | 525 bp | Sep 30, 2024 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 | 6 | $175M | 100c | 525 bp | May 8, 2030 | |
| Mar 31, 2026 | 5 | $77.0M | 100c | 600 bp | Apr 26, 2029 | |
| Dec 31, 2025 | 4 | $120M | 100c | 625 bp | Apr 26, 2029 | |
| Sep 30, 2025 | 4 | $67.4M | 100c | 625 bp | Apr 26, 2029 | |
| Jun 30, 2025 | 4 | $63.4M | 101c | 575 bp | Apr 26, 2029 | |
| Mar 31, 2025 | 4 | $58.2M | 101c | 575 bp | May 15, 2029 | |
| Dec 31, 2024 | 4 | $68.3M | 101c | 600 bp | Apr 26, 2029 | |
| Sep 30, 2024 | 4 | $60.3M | 100c | 600 bp | Apr 26, 2029 | |
| Jun 30, 2024 | 2 | $51.2M | 100c | 600 bp | Apr 26, 2029 | |
| Mar 31, 2024 | 3 | $41.7M | 101c | 650 bp | Aug 19, 2027 | |
| Dec 31, 2023 | 3 | $42.8M | 101c | 650 bp | Aug 19, 2027 | |
| Sep 30, 2023 | 7 | $46.8M | 101c | 650 bp | Aug 19, 2027 | |
| Jun 30, 2023 | 7 | $48.6M | 106c | 650 bp | Aug 19, 2027 | |
| Mar 31, 2023 | 7 | $62.9M | 105c | 650 bp | Aug 19, 2027 | |
| Dec 31, 2022 | 7 | $41.2M | 101c | 650 bp | Aug 19, 2027 | |
| Sep 30, 2022 | 2 | $21.7M | 100c | 650 bp | Aug 19, 2027 |
What changed on this facility
position and facility grain, including routine
- Spread changed (observed) Jun 30, 2026OpCo Borrower, LLC term loan: spread moved from 6.00% to 5.25%
- Maturity extended (observed) Jun 30, 2026OpCo Borrower, LLC term loan: maturity moved from 2029-04-26 to 2030-05-08
- New lender joined a facility Jun 30, 2026Overland Advantage joins OpCo Borrower, LLC term loan (first lien) held by 11 other BDCs
- New lender joined a facility Jun 30, 2026Stone Point Credit Corp joins OpCo Borrower, LLC term loan (first lien) held by 10 other BDCs
- Lender left a facility Mar 31, 2026CION Investment Corp no longer holds OpCo Borrower, LLC term loan after 2026-03-31; 5 BDC(s) still hold it
- New lender joined a facility Mar 31, 2026Stone Point Credit Income Fund joins OpCo Borrower, LLC term loan (first lien) held by 10 other BDCs
- New lender joined a facility Sep 30, 2024John Hancock Comvest Private Income Fund joins OpCo Borrower, LLC term loan (first lien) held by 10 other BDCs
- New lender joined a facility Sep 30, 2024Commonwealth Credit Partners BDC I, Inc. joins OpCo Borrower, LLC term loan (first lien) held by 10 other BDCs
- Maturity extended (observed) Jun 30, 2024OpCo Borrower, LLC term loan: maturity moved from 2027-08-19 to 2029-04-26
- Spread changed (observed) Jun 30, 2024OpCo Borrower, LLC term loan: spread moved from 6.50% to 6.00%
- Lender left a facility Mar 31, 2024CAPITAL SOUTHWEST CORP no longer holds OpCo Borrower, LLC term loan after 2024-03-31; 5 BDC(s) still hold it
- Lender left a facility Sep 30, 2023BlackRock Direct Lending Corp. no longer holds OpCo Borrower, LLC term loan after 2023-09-30; 5 BDC(s) still hold it
- Lender left a facility Sep 30, 2023BlackRock Private Credit Fund no longer holds OpCo Borrower, LLC term loan after 2023-09-30; 5 BDC(s) still hold it
- Lender left a facility Sep 30, 2023BlackRock Capital Investment Corp no longer holds OpCo Borrower, LLC term loan after 2023-09-30; 5 BDC(s) still hold it
- Lender left a facility Sep 30, 2023BlackRock TCP Capital Corp. no longer holds OpCo Borrower, LLC term loan after 2023-09-30; 5 BDC(s) still hold it
- New lender joined a facility Dec 31, 2022BlackRock TCP Capital Corp. joins OpCo Borrower, LLC term loan (first lien) held by 10 other BDCs
- New lender joined a facility Dec 31, 2022BlackRock Capital Investment Corp joins OpCo Borrower, LLC term loan (first lien) held by 10 other BDCs
Other pieces of this borrower's structure
- at least $29.4M
- otherexited Dec 31, 2024at least $18.3M
- second lien term loanexited Mar 31, 2024at least $15.5M
- first lien revolverexited Sep 30, 2023at least $0
- revolverexited Mar 31, 2025unknown
- $1.0M
- warrantsexited Mar 31, 2024$1.0M
How this facility is known
- Grain
- OpCo Borrower, LLC 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