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
Q•••••• L•• first lien delayed draw term loan
first lienoff every schedule since Dec 31, 2024
Principal held
at least $516,000
sum of BDC pieces, a lower bound
Fair value
$413,000
99c on cost
Unfunded
$6.5M
pieces' unfunded commitments
Pricing
SOFR+525 bp
modal across pieces
PIK
none stated
Maturity
Nov 2, 2029
tagged by the filer
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
5 quarters
Dec 31, 2023 to Dec 31, 2024
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 |
|---|---|---|---|---|---|
| J•••••••• C••••• P••••••• B•• I••• JEFFERIES CREDIT MANAGEMENT LLC | exited · 3 pieces | $359,000 | $287,000 99c | 525 bp | Dec 31, 2023 to Dec 31, 2024 |
| S••••• C••••• I••••••••• L•• JEFFERIES CREDIT MANAGEMENT LLC | exited · 3 pieces | $157,000 | $126,000 98c | 525 bp | Dec 31, 2023 to Dec 31, 2024 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 2 | $516,000 | 99c | 525 bp | Nov 2, 2029 | |
| Sep 30, 2024 | 2 | $518,000 | 146c | 675 bp | Nov 2, 2029 | |
| Jun 30, 2024 | 2 | $519,000 | 281c | 675 bp | Nov 2, 2029 | |
| Mar 31, 2024 | 2 | $521,000 | 298c | 700 bp | Nov 2, 2029 | |
| Dec 31, 2023 | 2 | $1.6M | 266c | 700 bp | Nov 2, 2029 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Dec 31, 2024Q•••••• L•• delayed draw (first lien) left every BDC schedule after 2024-12-31 (2 lenders, $.5M last held)
- Spread changed (observed) Dec 31, 2024Q•••••• L•• delayed draw: spread moved from 6.75% to 5.25%
Other pieces of this borrower's structure
- first lien term loanexited Dec 31, 2024at least $81.8M
- second lien delayed draw term loanexited Dec 31, 2024unknown
- equityexited Mar 31, 2026$22.5M
- otherexited Dec 31, 2024n/a
How this facility is known
- Grain
- Q•••••• L•• x first lien delayed draw 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