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
Marathon Health, LLC first lien term loan
first lienheld todayHealthcare Services, Other
Principal held
at least $185M
sum of BDC pieces, a lower bound
Fair value
$185M
99c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+25 bp
floor 8.25%
PIK
2.25%
paid in kind, the highest piece
Maturity
Feb 1, 2029
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Lenders
1 holding
0 exited · 0 named on a deal
On the tape
10 quarters
Mar 31, 2024 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 |
|---|---|---|---|---|---|
| Hercules Capital, Inc. Hercules Capital, Inc. | held | $185M | $185M 99c | 25 bp | Mar 31, 2024 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 | 1 | $185M | 99c | 25 bp | 2.25% | Feb 1, 2029 |
| Mar 31, 2026 | 1 | $188M | 99c | 300 bp | 2.25% | Feb 1, 2029 |
| Dec 31, 2025 | 1 | $550M | 99c | 300 bp | 2.25% | Feb 1, 2029 |
| Sep 30, 2025 | 1 | $182M | 99c | 300 bp | 2.25% | Feb 1, 2029 |
| Jun 30, 2025 | 1 | $181M | 100c | 75 bp | 2.25% | Feb 1, 2029 |
| Mar 31, 2025 | 1 | $173M | 101c | 300 bp | 2.25% | Feb 1, 2029 |
| Dec 31, 2024 | 1 | $328M | 102c | -90 bp | 4.00% | Feb 1, 2029 |
| Sep 30, 2024 | 1 | $158M | 101c | -90 bp | 4.00% | Feb 1, 2029 |
| Jun 30, 2024 | 1 | $156M | 100c | -90 bp | 4.00% | Feb 1, 2029 |
| Mar 31, 2024 | 1 | $154M | 100c | -90 bp | 4.00% | Feb 1, 2029 |
What changed on this facility
position and facility grain, including routine
- Spread changed (observed) Jun 30, 2026Marathon Health, LLC term loan: spread moved from 3.00% to 0.25%
- Spread changed (observed) Mar 31, 2026Marathon Health, LLC term loan: spread moved from 0.75% to 3.00%
- Spread changed (observed) Dec 31, 2025Marathon Health, LLC term loan: spread moved from 3.00% to 0.75%
- Spread changed (observed) Sep 30, 2025Marathon Health, LLC term loan: spread moved from 3.00% to 0.75%
- Spread changed (observed) Jun 30, 2025Marathon Health, LLC term loan: spread moved from 0.75% to 3.00%
- Spread changed (observed) Mar 31, 2025Marathon Health, LLC term loan: spread moved from 3.00% to 0.75%
- Spread changed (observed) Dec 31, 2024Marathon Health, LLC term loan: spread moved from -0.90% to 3.00%
Other pieces of this borrower's structure
- n/a
How this facility is known
- Grain
- Marathon Health, LLC x first 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