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A private credit borrower in capital markets
Latest dated change: 30 Jun 2026, PIK interest appears. Every change is listed below.
Lender marks
Consensus Q3 2025 102¢, Q4 2025 101¢, Q1 2026 102¢, Q2 2026 102¢. Hover a line for one lender.
Lenders with a mark per quarter end: Q3 2025 3, Q4 2025 4, Q1 2026 4, Q2 2026 5. A mark is each lender’s own fair value over cost from its schedule of investments, filed about 45 days after the quarter ends; marks outside 5¢ to 110¢ on cost are left out.
Every lender’s mark by quarter, as a table
| Lender | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Consensus | 102¢ | 101¢ | 102¢ | 102¢ |
| Main Street Capital CORP | 102¢ | 102¢ | 102¢ | 103¢ |
| MSC INCOME FUND, INC. | 102¢ | 102¢ | 102¢ | 103¢ |
| Brightwood Capital Corp I | 101¢ | 100¢ | 102¢ | 102¢ |
2 more lenders are drawn on the chart without a name; the lender list opens with the record.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| Main Street Capital CORP | $29.1M | 103¢ | +1 pts |
| MSC INCOME FUND, INC. | $13.2M | 103¢ | +1 pts |
| Brightwood Capital Corp I | $9.86M | 102¢ | 0 pts |
5 lenders hold this credit
Each lender named with its own mark, its exposure and every piece it holds, from its schedule of investments.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Every BDC piece · 14 positions across 5 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Main Street Capital CORP | term loan lien unstated Secured Debt 2 | $26.0M | $26.0M 103c | S+750 bp PIK 0.50% |
| MSC INCOME FUND, INC. | term loan lien unstated Secured Debt 2 | $11.8M | $11.8M 103c | S+750 bp PIK 0.50% |
| Brightwood Capital Corp I | term loan first lien Senior Secured First Lien Term Loan, Due 6/21/2029 | $9.9M | $9.9M 102c | SOFR+750 bp |
| Main Street Capital CORP | term loan lien unstated Secured Debt 3 | $3.1M | $3.1M 103c | S+750 bp PIK 0.50% |
| MSC INCOME FUND, INC. | term loan lien unstated Secured Debt 3 | $1.3M | $1.3M 103c | S+750 bp PIK 0.50% |
View all 11 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Main Street Capital CORP | term loan lien unstated Secured Debt 1 | $0 | -$4,000 100c | S+750 bp |
| MSC INCOME FUND, INC. | term loan lien unstated Secured Debt 1 | $0 | -$13,000 100c | S+750 bp |
| Brightwood Capital Corp I | revolver lien unstated Revolver, Due 12/21/2028 | Not disclosed | Not disclosed n/a | SOFR+750 bp |
| Brightwood Capital Corp I | revolver lien unstated Inc.Revolver | Not disclosed | Not disclosed | S+750 bp |
| Main Street Capital CORP | unstated lien unstated | Not disclosed | Not disclosed | |
| MSC INCOME FUND, INC. | unstated lien unstated | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
Capital structure as the BDCs see it
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated | at least $42.3M | 103c | S+750 bp PIK 0.50% | Jun 21, 2029 | 2 |
| first lien term loan first lien | at least $17.3M | 101c | SOFR+750 bp | Jun 21, 2029 | 2 |
| other lien unstated | at least $4.5M | 100c | PIK 14.00% | Dec 21, 2029 | 3 |
| revolver lien unstated | unknown | n/a | SOFR+750 bp | Dec 21, 2028 | 1 |
Through time
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 5 | $64.0M | $63.5M | 102c | 5 |
| Mar 31, 2026 | 4 | $59.6M | $59.5M | 102c | 0 |
| Dec 31, 2025 | 4 | $67.2M | $66.8M | 101c | 0 |
| Sep 30, 2025 | 3 | $52.5M | $52.3M | 102c | 0 |
All 13 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 3 | $52.6M | $52.4M | 102c | 0 |
| Mar 31, 2025 | 3 | $48.8M | $48.0M | 101c | 0 |
| Dec 31, 2024 | 4 | $109M | $107M | 101c | 0 |
| Sep 30, 2024 | 4 | $55.8M | $53.9M | 99c | 0 |
| Jun 30, 2024 | 4 | $55.8M | $54.2M | 100c | 0 |
| Mar 31, 2024 | 2 | $24.3M | $21.2M | 92c | 0 |
| Dec 31, 2023 | 2 | $41.8M | $35.8M | 90c | 0 |
| Sep 30, 2023 | 2 | $25.0M | $20.8M | 87c | 0 |
| Jun 30, 2023 | 2 | $25.6M | $19.3M | 80c | 0 |
What changed
Owner and people
- Redbird Capital Partners Management LLC listed on its portfolio page, undated · credit outlook
The company this borrower is was matched by an identity-graded bridge; the owner is the firm its portfolio page or deal record names.
1 person at this company is named with their role and the page that names them, for Private Credit Intelligence readers.
Position history
- PIK added0.50%2026-06-30
- PIK added0.50%2026-06-30
- New positionat $4.5M2026-06-30
+30 more position changes
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.