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
T•• H••• P•••••• C••• first lien term loan
first lienheld today
Principal held
at least $58.1M
sum of BDC pieces, a lower bound
Fair value
$35.2M
82c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+400 bp
modal across pieces
PIK
none stated
Maturity
Jul 1, 2029
html_schedule
Lenders
3 holding
1 exited · 0 named on a deal
On the tape
17 quarters
Dec 31, 2021 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•• M••••••• G••••••• I•• B••• L••••• New Mountain Finance Advisers BDC, L.L.C | dormant | $5.6M | $4.7M 84c | Dec 31, 2022 to Sep 30, 2024 | |
| C••• I••••••••• C••• CION INVESTMENT MANAGEMENT, LLC | exited · 2 pieces | $8.3M | $7.4M 99c | 400 bp | Sep 30, 2023 to Mar 31, 2026 |
| N•• M••••••• F•••••• C••• NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 3 pieces | $40.3M | $24.3M 79c | 400 bp | Dec 31, 2021 to Jun 30, 2026 |
| N•• M••••••• P•••••• C••••• F••• NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 4 pieces | $14.4M | $8.9M 92c | 400 bp | Dec 31, 2023 to Jun 30, 2026 |
| N•• S•• I• I••• NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 3 pieces | $3.4M | $2.0M 86c | 400 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 | 3 | $58.1M | 82c | 400 bp | Jul 1, 2029 | |
| Mar 31, 2026 | 4 | $66.5M | 86c | 400 bp | 2.00% | Jul 1, 2031 |
| Dec 31, 2025 | 4 | $72.4M | 80c | 200 bp | 3.25% | Jul 1, 2029 |
| Sep 30, 2025 | 4 | $47.7M | 75c | 200 bp | 3.25% | Jun 30, 2029 |
| Jun 30, 2025 | 4 | $45.1M | 89c | 325 bp | 3.25% | Jun 30, 2029 |
| Mar 31, 2025 | 4 | $44.8M | 89c | 325 bp | 9.57% | Jun 30, 2029 |
| Dec 31, 2024 | 4 | $80.6M | 89c | 100 bp | 9.59% | Jun 30, 2029 |
| Sep 30, 2024 | 4 | $39.1M | 90c | 100 bp | 10.17% | Jun 30, 2029 |
| Jun 30, 2024 | 4 | $38.1M | 92c | 200 bp | 10.59% | Jun 30, 2029 |
| Mar 31, 2024 | 4 | $35.1M | 94c | 100 bp | 5.25% | Jun 30, 2029 |
| Dec 31, 2023 | 5 | $112M | 67c | 950 bp | Aug 28, 2024 | |
| Sep 30, 2023 | 4 | $54.5M | 85c | 350 bp | Aug 28, 2024 | |
| Jun 30, 2023 | 3 | $44.2M | 71c | 350 bp | Aug 1, 2024 | |
| Mar 31, 2023 | 3 | $44.3M | 72c | 350 bp | Aug 1, 2024 | |
| Dec 31, 2022 | 3 | $44.4M | 72c | 350 bp | Aug 1, 2024 | |
| Sep 30, 2022 | 1 | $32.3M | 70c | 350 bp | Aug 28, 2024 | |
| Dec 31, 2021 | 1 | $32.5M | 94c | 350 bp | Aug 28, 2024 |
What changed on this facility
position and facility grain, including routine
- Mark recovered Mar 31, 2026TMK Hawk Parent, Corp term loan: marked from 80 to 86 cents on cost
- Spread changed (observed) Mar 31, 2026TMK Hawk Parent, Corp term loan: spread moved from 2.00% to 4.00%
- Maturity extended (observed) Mar 31, 2026TMK Hawk Parent, Corp term loan: maturity moved from 2029-07-01 to 2031-07-01
- Lender left a facility Mar 31, 2026CION Investment Corp no longer holds TMK Hawk Parent, Corp term loan after 2026-03-31; 4 BDC(s) still hold it
- Mark recovered Dec 31, 2025TMK Hawk Parent, Corp term loan: marked from 75 to 80 cents on cost
- Spread changed (observed) Dec 31, 2025TMK Hawk Parent, Corp term loan: spread moved from 2.00% to 1.00%
- Marked down across lenders Sep 30, 2025TMK Hawk Parent, Corp term loan: marked from 89 to 75 cents on cost across 4 lender(s)
- Spread changed (observed) Sep 30, 2025TMK Hawk Parent, Corp term loan: spread moved from 3.25% to 2.00%
- Spread changed (observed) Jun 30, 2025TMK Hawk Parent, Corp term loan: spread moved from 3.25% to 2.00%
- Spread changed (observed) Mar 31, 2025TMK Hawk Parent, Corp term loan: spread moved from 1.00% to 3.25%
- Spread changed (observed) Sep 30, 2024TMK Hawk Parent, Corp term loan: spread moved from 2.00% to 1.00%
- Spread changed (observed) Jun 30, 2024TMK Hawk Parent, Corp term loan: spread moved from 1.00% to 2.00%
- Maturity extended (observed) Mar 31, 2024TMK Hawk Parent, Corp term loan: maturity moved from 2024-08-28 to 2029-06-30
- Spread changed (observed) Mar 31, 2024TMK Hawk Parent, Corp term loan: spread moved from 9.50% to 1.00%
- PIK interest appears Mar 31, 2024TMK Hawk Parent, Corp term loan: PIK interest of 5.25% appears (was cash pay)
- Mark recovered Mar 31, 2024TMK Hawk Parent, Corp term loan: marked from 67 to 94 cents on cost
- Marked down across lenders Dec 31, 2023TMK Hawk Parent, Corp term loan: marked from 85 to 67 cents on cost across 5 lender(s)
- Spread changed (observed) Dec 31, 2023TMK Hawk Parent, Corp term loan: spread moved from 3.50% to 9.50%
- Mark recovered Sep 30, 2023TMK Hawk Parent, Corp term loan: marked from 71 to 85 cents on cost
- New lender joined a facility Sep 30, 2023CION Investment Corp joins TMK Hawk Parent, Corp term loan (first lien) held by 4 other BDCs
- Marked down across lenders Sep 30, 2022TMK Hawk Parent, Corp term loan: marked from 94 to 70 cents on cost across 1 lender(s)
Other pieces of this borrower's structure
- at least $8.3M
- at least $2.9M
- unknown
- $4.4M
- $58,000
How this facility is known
- Grain
- T•• H••• P•••••• C••• 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