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
National Dentex Labs LLC first lien revolver
first lienheld today
Principal held
at least $14.3M
sum of BDC pieces, a lower bound
Fair value
$4.6M
39c on cost
Unfunded
$126,000
pieces' unfunded commitments
Pricing
unstated
modal across pieces
PIK
9.00%
paid in kind, the highest piece
Maturity
Jul 1, 2026
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Lenders
2 holding
0 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 |
|---|---|---|---|---|---|
| Blue Owl Capital Corp III Blue Owl Credit Advisers | dormant | $1.3M | $999,000 80c | 700 bp | Dec 31, 2022 to Sep 30, 2024 |
| Blue Owl Capital Corp BLUE OWL CREDIT ADVISORS LLC | held · 2 pieces | $12.3M | $4.0M 39c | Dec 31, 2021 to Jun 30, 2026 | |
| Blue Owl Capital Corp II BLUE OWL CREDIT ADVISORS LLC | held · 2 pieces | $2.0M | $638,000 39c | 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 | 2 | $14.3M | 39c | 9.00% | Jul 1, 2026 | |
| Mar 31, 2026 | 2 | $13.9M | 41c | 9.00% | May 1, 2026 | |
| Dec 31, 2025 | 2 | $13.4M | 45c | 900 bp | 9.00% | Apr 1, 2026 |
| Sep 30, 2025 | 2 | $13.0M | 42c | 9.00% | Apr 1, 2026 | |
| Jun 30, 2025 | 2 | n/a | n/a | |||
| Mar 31, 2025 | 2 | $9.8M | 67c | 700 bp | Apr 1, 2026 | |
| Dec 31, 2024 | 2 | $15.4M | 72c | 700 bp | Apr 1, 2026 | |
| Sep 30, 2024 | 3 | $10.2M | 80c | 700 bp | Apr 1, 2026 | |
| Jun 30, 2024 | 3 | $11.8M | 96c | 700 bp | Apr 1, 2026 | |
| Mar 31, 2024 | 3 | $12.4M | 99c | 700 bp | Apr 1, 2026 | |
| Dec 31, 2023 | 3 | $9.5M | 99c | 700 bp | Apr 1, 2026 | |
| Sep 30, 2023 | 2 | $1.9M | 98c | 700 bp | Apr 1, 2026 | |
| Jun 30, 2023 | 3 | $10.1M | 98c | 700 bp | Apr 1, 2026 | |
| Mar 31, 2023 | 3 | $10.7M | 99c | 700 bp | Apr 1, 2026 | |
| Dec 31, 2022 | 3 | $12.4M | 99c | 700 bp | Oct 1, 2025 | |
| Sep 30, 2022 | 1 | $9.4M | 99c | 700 bp | Oct 27, 2025 | |
| Dec 31, 2021 | 1 | $3.0M | 104c | 700 bp | Oct 3, 2025 |
What changed on this facility
position and facility grain, including routine
- Maturity approaching Jul 1, 2026National Dentex Labs LLC revolver (first lien) matures 2026-07-01 (inside 24 months; $14.3M held by 3 BDCs)
- Maturity approaching Jul 1, 2026National Dentex Labs LLC revolver (first lien) matures 2026-07-01 (inside 18 months; $14.3M held by 3 BDCs)
- Maturity approaching Jul 1, 2026National Dentex Labs LLC revolver (first lien) matures 2026-07-01 (inside 12 months; $14.3M held by 3 BDCs)
- PIK interest appears Sep 30, 2025National Dentex Labs LLC revolver: PIK interest of 9.00% appears (was cash pay)
- Marked down across lenders Dec 31, 2024National Dentex Labs LLC revolver: marked from 80 to 72 cents on cost across 2 lender(s)
- Marked down across lenders Sep 30, 2024National Dentex Labs LLC revolver: marked from 96 to 80 cents on cost across 3 lender(s)
- Maturity extended (observed) Mar 31, 2023National Dentex Labs LLC revolver: maturity moved from 2025-10-01 to 2026-04-01
- New lender joined a facility Dec 31, 2022Blue Owl Capital Corp II joins National Dentex Labs LLC revolver (first lien) held by 2 other BDCs
- New lender joined a facility Dec 31, 2022Blue Owl Capital Corp III joins National Dentex Labs LLC revolver (first lien) held by 2 other BDCs
Other pieces of this borrower's structure
- at least $196M
- at least $27.8M
How this facility is known
- Grain
- National Dentex Labs LLC x first lien revolverderivedborrower 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