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
N•••••••• T••••• L•• first lien delayed draw term loan
first lienoff every schedule since Sep 30, 2024Group) | First lien senior secured loan | Non-Affiliated Issuer
Principal held
at least $5.2M
sum of BDC pieces, a lower bound
Fair value
$4.8M
94c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+725 bp
modal across pieces
PIK
2.50%
paid in kind, the highest piece
Maturity
Nov 1, 2027
html_schedule
Lenders
0 holding
3 exited · 0 named on a deal
On the tape
10 quarters
Dec 31, 2021 to Sep 30, 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 |
|---|---|---|---|---|---|
| B••• O•• C•••••• C••• I•• B••• Owl Credit Advisers | dormant | $5.2M | $4.8M 94c | 725 bp | Dec 31, 2022 to Sep 30, 2024 |
| B••• O•• C••••• I••••• C•••• BLUE OWL CREDIT ADVISORS LLC | exited | $5.2M | $4.9M 94c | 725 bp | Dec 31, 2022 to Jun 30, 2024 |
| B••• O•• C•••••• C••• BLUE OWL CREDIT ADVISORS LLC | exited | n/a | n/a | Dec 31, 2021 to Dec 31, 2023 | |
| B••• O•• C•••••• C••• I• BLUE OWL CREDIT ADVISORS LLC | exited | n/a | n/a | Dec 31, 2022 to Dec 31, 2023 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $5.2M | 94c | 725 bp | 2.50% | Nov 1, 2027 |
| Jun 30, 2024 | 2 | $10.4M | 94c | 725 bp | 2.50% | Nov 1, 2027 |
| Mar 31, 2024 | 2 | $10.4M | 95c | 675 bp | Nov 1, 2027 | |
| Dec 31, 2023 | 4 | $10.4M | 95c | 675 bp | Nov 1, 2027 | |
| Sep 30, 2023 | 3 | $12.5M | 95c | 675 bp | Nov 1, 2023 | |
| Jun 30, 2023 | 4 | $22.0M | 100c | 675 bp | Nov 1, 2023 | |
| Mar 31, 2023 | 4 | $22.1M | 101c | 675 bp | Nov 1, 2023 | |
| Dec 31, 2022 | 4 | $22.1M | 102c | 675 bp | Nov 1, 2023 | |
| Sep 30, 2022 | 1 | $9.6M | 102c | 675 bp | Nov 23, 2023 | |
| Dec 31, 2021 | 1 | $0 | n/a | 650 bp | Nov 23, 2023 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Sep 30, 2024N•••••••• T••••• L•• delayed draw (first lien) left every BDC schedule after 2024-09-30 (4 lenders, $5.2M last held)
- PIK interest appears Jun 30, 2024N•••••••• T••••• L•• delayed draw: PIK interest of 2.50% appears (was cash pay)
- Lender left a facility Jun 30, 2024B••• O•• C••••• I••••• C•••• no longer holds N•••••••• T••••• L•• delayed draw after 2024-06-30; 1 BDC(s) still hold it
- Maturity extended (observed) Dec 31, 2023N•••••••• T••••• L•• delayed draw: maturity moved from 2023-11-01 to 2027-11-01
- Lender left a facility Dec 31, 2023B••• O•• C•••••• C••• I• no longer holds N•••••••• T••••• L•• delayed draw after 2023-12-31; 1 BDC(s) still hold it
- Lender left a facility Dec 31, 2023B••• O•• C•••••• C••• no longer holds N•••••••• T••••• L•• delayed draw after 2023-12-31; 1 BDC(s) still hold it
- Marked down across lenders Sep 30, 2023N•••••••• T••••• L•• delayed draw: marked from 100 to 95 cents on cost across 3 lender(s)
- New lender joined a facility Dec 31, 2022B••• O•• C•••••• C••• I•• joins N•••••••• T••••• L•• delayed draw (first lien) held by 3 other BDCs
- New lender joined a facility Dec 31, 2022B••• O•• C••••• I••••• C•••• joins N•••••••• T••••• L•• delayed draw (first lien) held by 3 other BDCs
- New lender joined a facility Dec 31, 2022B••• O•• C•••••• C••• I• joins N•••••••• T••••• L•• delayed draw (first lien) held by 3 other BDCs
Other pieces of this borrower's structure
- at least $178M
- at least $8.1M
- unknown
- $113M
- $6.5M
How this facility is known
- Grain
- N•••••••• T••••• 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