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
Packaging Coordinators Midco, Inc first lien term loan
first lienheld todayHealthcare, Education and Childcare
Principal held
at least $1.4B
sum of BDC pieces, a lower bound
Fair value
$1.3B
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+500 bp
floor 0.75%
PIK
none stated
Maturity
Oct 15, 2032
tagged by the filer
Lenders
15 holding
5 exited · 0 named on a deal
On the tape
14 quarters
Mar 31, 2023 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 |
|---|---|---|---|---|---|
| Blue Owl Technology Income Corp. BLUE OWL TECHNOLOGY CREDIT ADVISORS II LLC | exited | $91.2M | $90.7M 101c | 475 bp | Mar 31, 2024 to Dec 31, 2025 |
| ARES STRATEGIC INCOME FUND ARES CAPITAL MANAGEMENT LLC | exited | $52.6M | $52.8M 100c | 325 bp | Jun 30, 2023 to Dec 31, 2024 |
| Blue Owl Capital Corp III Blue Owl Credit Advisers | exited | $19.9M | $20.0M 101c | 350 bp | Mar 31, 2024 to Mar 31, 2024 |
| North Haven Private Income Fund LLC MS CAPITAL PARTNERS ADVISER INC. | exited | $6.8M | $6.8M 100c | 325 bp | Dec 31, 2024 to Dec 31, 2024 |
| Blue Owl Capital Corp II BLUE OWL CREDIT ADVISORS LLC | exited | $3.1M | $3.0M 101c | 475 bp | Mar 31, 2025 to Sep 30, 2025 |
| Blue Owl Credit Income Corp. BLUE OWL CREDIT ADVISORS LLC | held | $523M | $518M 100c | 500 bp | Mar 31, 2023 to Jun 30, 2026 |
| Goldman Sachs Private Credit Corp. Goldman Sachs Asset Management, L.P | held · 7 pieces | $403M | $300M 100c | 500 bp | Mar 31, 2025 to Jun 30, 2026 |
| Blue Owl Capital Corp BLUE OWL CREDIT ADVISORS LLC | held | $160M | $158M 100c | 500 bp | Mar 31, 2025 to Jun 30, 2026 |
| Blue Owl Technology Finance Corp. BLUE OWL TECHNOLOGY CREDIT ADVISORS LLC | held | $147M | $146M 100c | 500 bp | Mar 31, 2025 to Jun 30, 2026 |
| T. Rowe Price OHA Select Private Credit Fund OHA PRIVATE CREDIT ADVISORS LLC | held · 7 pieces | $52.6M | $39.9M 100c | 500 bp | Dec 31, 2025 to Jun 30, 2026 |
| Golub Capital Private Credit Fund GC ADVISORS LLC | held · 7 pieces | $50.4M | $49.2M 99c | 500 bp | Mar 31, 2024 to Jun 30, 2026 |
| GOLUB CAPITAL BDC, Inc. GC ADVISORS LLC | held · 7 pieces | $18.7M | $18.3M 99c | 500 bp | Mar 31, 2025 to Jun 30, 2026 |
| New Mountain Guardian IV BDC, L.L.C. NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 9 pieces | $18.6M | $7.0M 99c | 500 bp | Dec 31, 2025 to Jun 30, 2026 |
| New Mountain Private Credit Fund NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 9 pieces | $17.3M | $6.6M 99c | 500 bp | Dec 31, 2025 to Jun 30, 2026 |
| Stepstone Private Credit Fund LLC STEPSTONE GROUP PRIVATE DEBT LLC | held · 2 pieces | $11.5M | $11.5M 100c | 500 bp | Mar 31, 2025 to Jun 30, 2026 |
| OHA Senior Private Lending Fund (U) LLC OHA PRIVATE CREDIT ADVISORS II, L.P. | held · 5 pieces | $9.8M | $8.0M 100c | 500 bp | Dec 31, 2025 to Jun 30, 2026 |
| NMF SLF I, Inc. NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 8 pieces | $9.5M | $4.3M 101c | 500 bp | Dec 31, 2025 to Jun 30, 2026 |
| Golub Capital BDC 4, Inc. GC ADVISORS LLC | held · 7 pieces | $5.0M | $4.9M 99c | 500 bp | Mar 31, 2025 to Jun 30, 2026 |
| New Mountain Guardian IV Income Fund, L.L.C. NEW MOUNTAIN FINANCE ADVISERS, L.L.C. | held · 7 pieces | $4.2M | $1.4M 99c | 500 bp | Dec 31, 2025 to Jun 30, 2026 |
| GOLUB CAPITAL DIRECT LENDING CORP GC ADVISORS LLC | held · 7 pieces | $1.8M | $1.7M 99c | 500 bp | Jun 30, 2025 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 | 15 | $1.4B | 100c | 500 bp | Oct 15, 2032 | |
| Mar 31, 2026 | 13 | $1.4B | 100c | 500 bp | Oct 15, 2032 | |
| Dec 31, 2025 | 16 | $1.9B | 101c | 475 bp | 0.25% | Oct 15, 2032 |
| Sep 30, 2025 | 11 | $1.3B | 100c | 475 bp | Jul 22, 2032 | |
| Jun 30, 2025 | 11 | $1.2B | 100c | 475 bp | Jan 22, 2032 | |
| Mar 31, 2025 | 10 | $1.2B | 100c | 475 bp | Jan 22, 2032 | |
| Dec 31, 2024 | 5 | $203M | 100c | 325 bp | Nov 30, 2027 | |
| Sep 30, 2024 | 4 | $108M | 100c | 325 bp | Nov 1, 2027 | |
| Jun 30, 2024 | 4 | $98.5M | 100c | 325 bp | Nov 1, 2027 | |
| Mar 31, 2024 | 5 | $84.3M | 101c | 350 bp | Nov 1, 2027 | |
| Dec 31, 2023 | 2 | $14.0M | 101c | 350 bp | Nov 1, 2027 | |
| Sep 30, 2023 | 2 | $12.0M | 100c | 350 bp | Nov 1, 2027 | |
| Jun 30, 2023 | 2 | $10.9M | 100c | 350 bp | Nov 1, 2027 | |
| Mar 31, 2023 | 1 | $4.8M | 99c | 350 bp | Nov 1, 2027 |
What changed on this facility
position and facility grain, including routine
- PIK interest appears Dec 31, 2025Packaging Coordinators Midco, Inc term loan: PIK interest of 0.25% appears (was cash pay)
- Lender left a facility Dec 31, 2025Blue Owl Technology Income Corp. no longer holds Packaging Coordinators Midco, Inc term loan after 2025-12-31; 14 BDC(s) still hold it
- New lender joined a facility Dec 31, 2025T. Rowe Price OHA Select Private Credit Fund joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Dec 31, 2025New Mountain Guardian IV BDC, L.L.C. joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Dec 31, 2025New Mountain Private Credit Fund joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Dec 31, 2025OHA Senior Private Lending Fund (U) LLC joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Dec 31, 2025NMF SLF I, Inc. joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Dec 31, 2025New Mountain Guardian IV Income Fund, L.L.C. joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- Maturity extended (observed) Sep 30, 2025Packaging Coordinators Midco, Inc term loan: maturity moved from 2032-01-22 to 2032-07-22
- Lender left a facility Sep 30, 2025Blue Owl Capital Corp II no longer holds Packaging Coordinators Midco, Inc term loan after 2025-09-30; 14 BDC(s) still hold it
- New lender joined a facility Jun 30, 2025GOLUB CAPITAL DIRECT LENDING CORP joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- Maturity extended (observed) Mar 31, 2025Packaging Coordinators Midco, Inc term loan: maturity moved from 2027-11-30 to 2032-01-22
- Spread changed (observed) Mar 31, 2025Packaging Coordinators Midco, Inc term loan: spread moved from 3.25% to 4.75%
- New lender joined a facility Mar 31, 2025Goldman Sachs Private Credit Corp. joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Mar 31, 2025Blue Owl Capital Corp joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Mar 31, 2025Blue Owl Technology Finance Corp. joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Mar 31, 2025GOLUB CAPITAL BDC, Inc. joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Mar 31, 2025Stepstone Private Credit Fund LLC joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Mar 31, 2025Golub Capital BDC 4, Inc. joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Mar 31, 2025Blue Owl Capital Corp II joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- Lender left a facility Dec 31, 2024ARES STRATEGIC INCOME FUND no longer holds Packaging Coordinators Midco, Inc term loan after 2024-12-31; 14 BDC(s) still hold it
- Lender left a facility Dec 31, 2024North Haven Private Income Fund LLC no longer holds Packaging Coordinators Midco, Inc term loan after 2024-12-31; 14 BDC(s) still hold it
- New lender joined a facility Dec 31, 2024North Haven Private Income Fund LLC joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Mar 31, 2024Blue Owl Technology Income Corp. joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Mar 31, 2024Golub Capital Private Credit Fund joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- Lender left a facility Mar 31, 2024Blue Owl Capital Corp III no longer holds Packaging Coordinators Midco, Inc term loan after 2024-03-31; 14 BDC(s) still hold it
- New lender joined a facility Mar 31, 2024Blue Owl Capital Corp III joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
- New lender joined a facility Jun 30, 2023ARES STRATEGIC INCOME FUND joins Packaging Coordinators Midco, Inc term loan (first lien) held by 19 other BDCs
Other pieces of this borrower's structure
- at least $171M
- at least $0
- unknown
- unknown
- second lien term loanexited Dec 31, 2023at least $342M
- otherexited Mar 31, 2026at least $62.5M
- $455,000
How this facility is known
- Grain
- Packaging Coordinators Midco, Inc 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