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A private credit borrower first lien term loan

Credit facilityborrower A private credit borrower
first lienheld todayOffice Services & Supplies
Principal held
at least $9.5M
sum of BDC pieces, a lower bound
Fair value
$9.5M
100c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+600 bp
pieces from 600 bp to 675 bp
PIK
none stated
Maturity
Dec 15, 2026
tagged by the filer
Lenders
2 holding
0 exited · 0 named on a deal
On the tape
12 quarters
Sep 30, 2023 to Jun 30, 2026

Lender group

every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
WhiteHorse Finance, Inc.
WhiteHorse Advisers, LLC
held$8.9M$8.9M
100c
675 bpSep 30, 2023 to Jun 30, 2026
Stepstone Private Credit Fund LLC
STEPSTONE GROUP PRIVATE DEBT LLC
held$647,000$644,000
100c
600 bpSep 30, 2024 to Jun 30, 2026

Facility through time

pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Jun 30, 20262$9.5M100c600 bpDec 15, 2026
Mar 31, 20262$9.5M100c600 bpDec 15, 2026
Dec 31, 20252$10.2M100c600 bpDec 15, 2026
Sep 30, 20252$9.6M100c675 bpDec 15, 2026
Jun 30, 20252$9.6M101c615 bpDec 15, 2026
Mar 31, 20252$9.6M101c615 bpDec 15, 2026
Dec 31, 20242$11.6M101c615 bpDec 15, 2026
Sep 30, 20242$9.7M101c575 bpDec 15, 2026
Jun 30, 20241$9.1M101c575 bpDec 15, 2026
Mar 31, 20241$9.1M101c575 bpDec 15, 2026
Dec 31, 20231$9.1M100c675 bpDec 15, 2026
Sep 30, 20231$9.1M99c575 bpDec 15, 2026

What changed on this facility

position and facility grain, including routine
Order
  • Matures
    15 Dec 2026
    Maturity approaching
    $8.9M
  • Effective
    31 Dec 2025
    Spread changed (observed)
    $10.2M
  • Effective
    30 Sep 2025
    Spread changed (observed)
    $9.6M
  • Effective
    30 Sep 2024
    New lender joined a facility
    $647K
  • Effective
    31 Mar 2024
    Spread changed (observed)
    $9.1M

+1 additional change on this facility

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Other pieces of this borrower's structure

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