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
R•• P••••••••• I•• first lien delayed draw term loan
first lienheld todayGround Transportation
Principal held
at least $1.3M
sum of BDC pieces, a lower bound
Fair value
$1.3M
102c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
SOFR+625 bp
floor 2.00%
PIK
none stated
Maturity
Sep 11, 2028
tagged by the filer
Lenders
1 holding
0 exited · 0 named on a deal
On the tape
12 quarters
Sep 30, 2023 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•••••••• P•••••• C••••• F••• L•• STEPSTONE GROUP PRIVATE DEBT LLC | held · 2 pieces | $1.3M | $1.3M 102c | 625 bp | Sep 30, 2023 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 | $1.3M | 102c | 625 bp | Sep 11, 2028 | |
| Mar 31, 2026 | 1 | $1.3M | 102c | 625 bp | Sep 11, 2028 | |
| Dec 31, 2025 | 1 | $2.7M | 99c | 625 bp | Sep 11, 2028 | |
| Sep 30, 2025 | 1 | $4.4M | 100c | 10.82% | Sep 11, 2028 | |
| Jun 30, 2025 | 1 | $546,652 | 98c | Sep 11, 2028 | ||
| Mar 31, 2025 | 1 | $548,036 | 98c | Sep 11, 2028 | ||
| Dec 31, 2024 | 1 | $1.1M | 99c | 636 bp | Sep 11, 2028 | |
| Sep 30, 2024 | 1 | $550,804 | 98c | 636 bp | Sep 11, 2028 | |
| Jun 30, 2024 | 1 | $552,188 | 98c | 100 bp | Sep 11, 2028 | |
| Mar 31, 2024 | 1 | $553,571 | 96c | 100 bp | Sep 11, 2028 | |
| Dec 31, 2023 | 1 | $0 | n/a | 0 bp | Sep 11, 2028 | |
| Sep 30, 2023 | 1 | $0 | n/a | 0 bp | Sep 11, 2028 |
What changed on this facility
position and facility grain, including routine
- PIK interest appears Sep 30, 2025R•• P••••••••• I•• delayed draw: PIK interest of 10.82% appears (was cash pay)
- Spread changed (observed) Sep 30, 2024R•• P••••••••• I•• delayed draw: spread moved from 1.00% to 6.36%
- Spread changed (observed) Mar 31, 2024R•• P••••••••• I•• delayed draw: spread moved from 0.00% to 1.00%
Other pieces of this borrower's structure
- at least $33.0M
- at least $10.2M
- at least $3.8M
How this facility is known
- Grain
- R•• P••••••••• I•• 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