DFX Intelligence
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A private credit borrower first lien term loan
Credit facilityborrower A private credit borrower
first lienheld todayIT Services
Principal held
at least $49.5M
sum of BDC pieces, a lower bound
Fair value
$47.9M
97c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+490 bp
pieces from 475 bp to 490 bp
PIK
none stated
Maturity
Apr 3, 2028
read from the schedule's HTML table
Lenders
3 holding
0 exited · 0 named on a deal
On the tape
15 quarters
Sep 30, 2022 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 |
|---|---|---|---|---|---|
| PennantPark Floating Rate Capital Ltd. PENNANTPARK INVESTMENT ADVISERS, LLC | held · 3 pieces | $31.1M | $30.2M 98c | 490 bp | Sep 30, 2022 to Jun 30, 2026 |
| PENNANTPARK INVESTMENT CORP PENNANTPARK INVESTMENT ADVISERS, LLC | held | $11.3M | $11.0M 98c | 490 bp | Sep 30, 2022 to Jun 30, 2026 |
| Nuveen Churchill Direct Lending Corp. CHURCHILL DLC ADVISOR LLC | held | $7.1M | $6.7M 94c | 475 bp | Dec 31, 2024 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 | 3 | $49.5M | 97c | 490 bp | Apr 3, 2028 | |
| Mar 31, 2026 | 3 | $49.6M | 98c | 490 bp | Apr 3, 2028 | |
| Dec 31, 2025 | 3 | $49.6M | 97c | 490 bp | Apr 3, 2028 | |
| Sep 30, 2025 | 3 | $88.8M | 98c | 490 bp | Apr 3, 2028 | |
| Jun 30, 2025 | 3 | $44.9M | 98c | 490 bp | Apr 3, 2028 | |
| Mar 31, 2025 | 3 | $45.1M | 99c | 490 bp | Apr 3, 2028 | |
| Dec 31, 2024 | 3 | $45.1M | 99c | 490 bp | Apr 3, 2028 | |
| Sep 30, 2024 | 2 | $114M | 99c | 490 bp | Apr 3, 2028 | |
| Jun 30, 2024 | 2 | $38.0M | 94c | 565 bp | Apr 3, 2028 | |
| Mar 31, 2024 | 1 | $26.6M | 94c | 565 bp | Apr 1, 2028 | |
| Dec 31, 2023 | 2 | $38.0M | 93c | 565 bp | Apr 3, 2028 | |
| Sep 30, 2023 | 2 | $38.0M | 92c | 550 bp | Apr 3, 2028 | |
| Jun 30, 2023 | 2 | $38.0M | 93c | 550 bp | Apr 3, 2028 | |
| Mar 31, 2023 | 2 | $40.1M | 92c | 550 bp | Apr 3, 2028 | |
| Sep 30, 2022 | 2 | $55.8M | 94c | 550 bp | Apr 3, 2028 |
What changed on this facility
position and facility grain, including routine
Order
- Matures3 Apr 2028$37.7M
- Effective31 Dec 2024$7.1M
- Effective30 Sep 2024$114M
- Effective30 Sep 2024$114M
Other pieces of this borrower's structure
- otherexited Dec 31, 2024at least $7.2M
- first lien revolverexited Jun 30, 2024at least $1.4M
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
- 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