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
E•••• I••••••••• I•• L•• term loan
lien unstatedheld todayBusiness Services
Principal held
at least $12.4M
sum of BDC pieces, a lower bound
Fair value
$10.8M
87c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
//stelluscapital.com/20260630#One Month Term Secured Overnight Financing Rate+625 bp
floor 1.00%
PIK
none stated
Maturity
Apr 29, 2028
tagged by the filer
Lenders
2 holding
0 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 |
|---|---|---|---|---|---|
| S•••••• C•••••• I••••••••• C••• STELLUS CAPITAL MANAGEMENT, LLC | held | $8.6M | $7.5M 87c | 625 bp | Sep 30, 2022 to Jun 30, 2026 |
| S•••••• P•••••• C••••• B•• STELLUS PRIVATE BDC ADVISOR, LLC | held · 2 pieces | $3.8M | $3.3M 87c | 625 bp | Sep 30, 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 | 2 | $12.4M | 87c | 625 bp | Apr 29, 2028 | |
| Mar 31, 2026 | 2 | $11.4M | 98c | 625 bp | Apr 29, 2028 | |
| Dec 31, 2025 | 2 | $16.3M | 100c | 625 bp | Apr 29, 2028 | |
| Sep 30, 2025 | 2 | $12.5M | 101c | 625 bp | Apr 29, 2028 | |
| Jun 30, 2025 | 2 | $12.5M | 101c | 625 bp | Apr 29, 2028 | |
| Mar 31, 2025 | 2 | $12.6M | 100c | 625 bp | Apr 29, 2028 | |
| Dec 31, 2024 | 2 | $16.5M | 100c | 625 bp | Apr 29, 2028 | |
| Sep 30, 2024 | 2 | $12.6M | 100c | 625 bp | Apr 29, 2028 | |
| Jun 30, 2024 | 2 | $12.7M | 100c | 625 bp | Apr 29, 2028 | |
| Mar 31, 2024 | 2 | $12.7M | 100c | 600 bp | Apr 29, 2028 | |
| Dec 31, 2023 | 2 | $16.7M | 101c | 600 bp | Apr 29, 2028 | |
| Sep 30, 2023 | 2 | $13.8M | 100c | 575 bp | Apr 29, 2028 | |
| Jun 30, 2023 | 2 | $8.9M | 101c | 575 bp | Apr 29, 2028 | |
| Mar 31, 2023 | 2 | $13.0M | 100c | 575 bp | Apr 29, 2028 | |
| Dec 31, 2022 | 2 | $13.0M | 100c | 575 bp | Apr 29, 2028 | |
| Sep 30, 2022 | 2 | $13.0M | 100c | 575 bp | Apr 29, 2028 |
What changed on this facility
position and facility grain, including routine
- Maturity approaching Apr 29, 2028E•••• I••••••••• I•• L•• term loan (unknown) matures 2028-04-29 (inside 24 months; $12.4M held by 2 BDCs)
- Marked down across lenders Jun 30, 2026E•••• I••••••••• I•• L•• term loan: marked from 98 to 87 cents on cost across 2 lender(s)
- Spread changed (observed) Dec 31, 2023E•••• I••••••••• I•• L•• term loan: spread moved from 6.50% to 6.00%
- Spread changed (observed) Sep 30, 2023E•••• I••••••••• I•• L•• term loan: spread moved from 5.75% to 6.50%
Other pieces of this borrower's structure
- at least $45.5M
- at least $4.8M
- at least $2.5M
- unknown
- $0
How this facility is known
- Grain
- E•••• I••••••••• I•• L•• x 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