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
Pregis Topco LLC second lien term loan
second lienheld todayContainers & Packaging
Principal held
at least $214M
sum of BDC pieces, a lower bound
Fair value
$214M
101c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+775 bp
pieces from 675 bp to 775 bp
PIK
none stated
Maturity
Aug 1, 2029
html_schedule
Lenders
3 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 · 2 pieces | $32.5M | $32.5M 100c | 775 bp | Dec 31, 2022 to Sep 30, 2024 |
| Blue Owl Capital Corp BLUE OWL CREDIT ADVISORS LLC | held · 2 pieces | $176M | $176M 101c | 775 bp | Dec 31, 2021 to Jun 30, 2026 |
| Blue Owl Credit Income Corp. BLUE OWL CREDIT ADVISORS LLC | held · 2 pieces | $32.5M | $32.5M 100c | 775 bp | Dec 31, 2022 to Jun 30, 2026 |
| Blue Owl Capital Corp II BLUE OWL CREDIT ADVISORS LLC | held · 2 pieces | $5.7M | $5.7M 101c | 775 bp | 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 | 3 | $214M | 101c | 675 bp | Aug 1, 2029 | |
| Mar 31, 2026 | 3 | $214M | 101c | 775 bp | Aug 1, 2029 | |
| Dec 31, 2025 | 3 | $255M | 101c | 675 bp | Aug 1, 2029 | |
| Sep 30, 2025 | 3 | $255M | 101c | 775 bp | Aug 1, 2029 | |
| Jun 30, 2025 | 3 | $255M | 101c | 675 bp | Aug 1, 2029 | |
| Mar 31, 2025 | 3 | $255M | 101c | 775 bp | Aug 1, 2029 | |
| Dec 31, 2024 | 3 | $445M | 101c | 675 bp | Aug 1, 2029 | |
| Sep 30, 2024 | 4 | $255M | 101c | 675 bp | Aug 1, 2029 | |
| Jun 30, 2024 | 4 | $255M | 101c | 675 bp | Aug 1, 2029 | |
| Mar 31, 2024 | 4 | $255M | 101c | 675 bp | Aug 1, 2029 | |
| Dec 31, 2023 | 4 | $255M | 101c | 675 bp | Aug 1, 2029 | |
| Sep 30, 2023 | 3 | $95.0M | 100c | 675 bp | Aug 1, 2029 | |
| Jun 30, 2023 | 4 | $255M | 101c | 775 bp | Aug 1, 2029 | |
| Mar 31, 2023 | 4 | $255M | 100c | 775 bp | Aug 1, 2029 | |
| Dec 31, 2022 | 4 | $255M | 100c | 675 bp | Aug 1, 2029 | |
| Sep 30, 2022 | 1 | $160M | 100c | 709 bp | Aug 1, 2029 | |
| Dec 31, 2021 | 1 | $160M | 102c | 695 bp | Aug 1, 2029 |
What changed on this facility
position and facility grain, including routine
- Spread changed (observed) Jun 30, 2026Pregis Topco LLC term loan: spread moved from 6.75% to 7.75%
- Spread changed (observed) Mar 31, 2026Pregis Topco LLC term loan: spread moved from 7.75% to 6.75%
- Spread changed (observed) Dec 31, 2025Pregis Topco LLC term loan: spread moved from 6.75% to 7.75%
- Spread changed (observed) Sep 30, 2025Pregis Topco LLC term loan: spread moved from 6.75% to 7.75%
- Spread changed (observed) Jun 30, 2025Pregis Topco LLC term loan: spread moved from 7.75% to 6.75%
- Spread changed (observed) Mar 31, 2025Pregis Topco LLC term loan: spread moved from 7.75% to 6.75%
- Spread changed (observed) Dec 31, 2024Pregis Topco LLC term loan: spread moved from 6.75% to 7.75%
- Spread changed (observed) Dec 31, 2023Pregis Topco LLC term loan: spread moved from 7.75% to 6.75%
- Spread changed (observed) Sep 30, 2023Pregis Topco LLC term loan: spread moved from 6.75% to 7.75%
- Spread changed (observed) Jun 30, 2023Pregis Topco LLC term loan: spread moved from 6.75% to 7.75%
- Spread changed (observed) Mar 31, 2023Pregis Topco LLC term loan: spread moved from 7.75% to 6.75%
- Spread changed (observed) Dec 31, 2022Pregis Topco LLC term loan: spread moved from 7.09% to 7.75%
- New lender joined a facility Dec 31, 2022Blue Owl Capital Corp III joins Pregis Topco LLC term loan (second lien) held by 3 other BDCs
- New lender joined a facility Dec 31, 2022Blue Owl Credit Income Corp. joins Pregis Topco LLC term loan (second lien) held by 3 other BDCs
- New lender joined a facility Dec 31, 2022Blue Owl Capital Corp II joins Pregis Topco LLC term loan (second lien) held by 3 other BDCs
Other pieces of this borrower's structure
- at least $23.9M
- at least $6.6M
How this facility is known
- Grain
- Pregis Topco LLC x second 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