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A private credit borrower second lien term loan

Credit facilityborrower A private credit borrower
second lienoff every schedule since Sep 30, 2023Software
Principal held
at least $1.5M
sum of BDC pieces, a lower bound
Fair value
$1.5M
100c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+425 bp
modal across pieces
PIK
none stated
Maturity
Jul 6, 2029
tagged by the filer
Lenders
0 holding
1 exited · 0 named on a deal
On the tape
2 quarters
Jun 30, 2023 to Sep 30, 2023

Lender group

every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
Kennedy Lewis Capital Co
KENNEDY LEWIS CAPITAL HOLDINGS LLC
exited$1.5M$1.5M
100c
425 bpJun 30, 2023 to Sep 30, 2023

Facility through time

pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Sep 30, 20231$1.5M100c425 bpJul 6, 2029
Jun 30, 20231$1.5M100c425 bpJul 6, 2029

What changed on this facility

position and facility grain, including routine
Order
  • Effective
    30 Sep 2023
    Facility left every BDC schedule
    $1.5M

Other pieces of this borrower's structure

How this facility is known

Grain
A private credit borrower x second lien term loanderivedborrower group x kind x lien; tranches with different maturities sit under it
Size
lower bound: sum of BDC piecesderived
Status
performingsignalnon-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