DFX Intelligence
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A private credit borrower first lien term loan
Credit facilityborrower A private credit borrower
first lienoff every schedule since Mar 31, 2025Internet Software & Services
Principal held
at least $24.5M
sum of BDC pieces, a lower bound
Fair value
$15.0M
63c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+500 bp
floor 0.75%
PIK
2.50%
paid in kind, the highest piece
Maturity
Jun 8, 2028
tagged by the filer
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
10 quarters
Dec 31, 2022 to Mar 31, 2025
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 |
|---|---|---|---|---|---|
| BlackRock Capital Investment Corp BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | dormant | $11.8M | $11.4M 99c | 500 bp | Dec 31, 2022 to Dec 31, 2023 |
| BlackRock TCP Capital Corp. TENNENBAUM CAPITAL PARTNERS, LLC | exited | $19.8M | $12.1M 64c | 500 bp | Dec 31, 2022 to Mar 31, 2025 |
| BlackRock Direct Lending Corp. BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | exited | $4.7M | $2.9M 62c | 500 bp | Dec 31, 2022 to Mar 31, 2025 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Mar 31, 2025 | 2 | $24.5M | 63c | 500 bp | 2.50% | Jun 8, 2028 |
| Dec 31, 2024 | 2 | $49.8M | 67c | 500 bp | 2.50% | Jun 8, 2028 |
| Sep 30, 2024 | 2 | $24.7M | 83c | 500 bp | 2.50% | Jun 8, 2028 |
| Jun 30, 2024 | 2 | $24.5M | 100c | 500 bp | 2.50% | Jun 8, 2028 |
| Mar 31, 2024 | 2 | $24.3M | 101c | 500 bp | 2.50% | Jun 8, 2028 |
| Dec 31, 2023 | 3 | $24.2M | 99c | 500 bp | 2.50% | Jun 8, 2028 |
| Sep 30, 2023 | 3 | $24.0M | 99c | 500 bp | 2.50% | Jun 8, 2028 |
| Jun 30, 2023 | 3 | $23.9M | 99c | 500 bp | 2.50% | Jun 8, 2028 |
| Mar 31, 2023 | 3 | $23.7M | 99c | 500 bp | 2.50% | Jun 8, 2028 |
| Dec 31, 2022 | 3 | $46.5M | 100c | 500 bp | 2.50% | Jun 8, 2028 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Mar 2025$24.5M
- Effective31 Mar 2025Lender left a facility2 eventsBlackRock TCP Capital Corp.: lender left a facility, 2 lenders, at the 31 Mar 2025 quarter end$4.7M to $19.8M
- (a withheld name)$19.8M
- (a withheld name)$4.7M
- Effective31 Dec 2024$49.8M
- Effective30 Sep 2024$24.7M
Other pieces of this borrower's structure
- first lien delayed draw term loanexited Mar 31, 2025at least $993,358
How this facility is known
How this facility is known
- Grain
- A private credit borrower 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
- non_accrualsignalnon-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