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

M••••••• G••••• L•• first lien term loan

first lienheld todayCasinos & G••••• Security 1st Lien, Secured Loan Initial
Principal held
at least $8.0M
sum of BDC pieces, a lower bound
Fair value
$1.4M
16c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+1250 bp
modal across pieces
PIK
16.14%
paid in kind, the highest piece
Maturity
Jun 3, 2028
tagged by the filer
Lenders
1 holding
0 exited · 0 named on a deal
On the tape
7 quarters
Dec 31, 2024 to Jun 30, 2026
Lender group
every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
G•••• E•• C•••••• C••••
GREAT ELM CAPITAL MANAGEMENT, LLC
held · 3 pieces$8.0M$1.4M
16c
1250 bpDec 31, 2024 to Jun 30, 2026
Facility through time
pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Jun 30, 20261$8.0M16c1250 bp16.14%Jun 3, 2028
Mar 31, 20261$8.3M21c1250 bpJun 3, 2028
Dec 31, 20251$8.3M21c1250 bpJun 3, 2028
Sep 30, 20251$8.2M41c1250 bp11.50%Jun 3, 2028
Jun 30, 20251$7.2M50cJun 3, 2028
Mar 31, 20251$7.2M69c750 bp8.50%Jun 3, 2028
Dec 31, 20241$7.0M71c750 bp12.11%Jun 3, 2028
What changed on this facility
position and facility grain, including routine
  • Maturity approaching Jun 3, 2028
    M••••••• G••••• L•• term loan (first lien) matures 2028-06-03 (inside 24 months; $5.7M held by 1 BDC)
  • PIK interest appears Jun 30, 2026
    M••••••• G••••• L•• term loan: PIK interest of 16.14% appears (was cash pay)
  • Marked down across lenders Jun 30, 2026
    M••••••• G••••• L•• term loan: marked from 21 to 16 cents on cost across 1 lender(s)
  • Marked down across lenders Dec 31, 2025
    M••••••• G••••• L•• term loan: marked from 41 to 21 cents on cost across 1 lender(s)
  • PIK interest appears Sep 30, 2025
    M••••••• G••••• L•• term loan: PIK interest of 11.50% appears (was cash pay)
  • Marked down across lenders Sep 30, 2025
    M••••••• G••••• L•• term loan: marked from 50 to 17 cents on cost across 1 lender(s)
  • Marked down across lenders Jun 30, 2025
    M••••••• G••••• L•• term loan: marked from 69 to 50 cents on cost across 1 lender(s)
  • Spread changed (observed) Mar 31, 2025
    M••••••• G••••• L•• term loan: spread moved from 7.50% to 0.00%
Other pieces of this borrower's structure
How this facility is known
Grain
M••••••• G••••• 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