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A private credit borrower delayed draw term loan

Credit facilityborrower A private credit borrower
lien unstatedoff every schedule since Dec 31, 2024Software
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
-$25,000
n/a on cost
Unfunded
$2.5M
pieces' unfunded commitments
Pricing
unstated
modal across pieces
PIK
none stated
Maturity
unstated
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
2 quarters
Sep 30, 2024 to Dec 31, 2024

Lender group

every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
Antares Strategic Credit Fund
ANTARES CAPITAL CREDIT ADVISERS LLC
exitedNot disclosed-$141,000Sep 30, 2024 to Sep 30, 2024
Antares Private Credit Fund
ANTARES CAPITAL CREDIT ADVISERS LLC
exitedNot disclosed-$25,000Dec 31, 2024 to Dec 31, 2024

Facility through time

pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Dec 31, 20241Not disclosedn/a
Sep 30, 20241Not disclosedn/a

What changed on this facility

position and facility grain, including routine
Order
  • Effective
    31 Dec 2024
    Lender left a facility
    a withheld name
  • Effective
    31 Dec 2024
    Facility left every BDC schedule
  • Effective
    30 Sep 2024
    Lender left a facility
    a withheld name

Other pieces of this borrower's structure

How this facility is known

Grain
A private credit borrower x 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 comes only from a BDC's own schedule footnote, never from a mark; default and restructuring are not on this tape
Origin
bdc tapereported