DFX Intelligence
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A private credit borrower other
Credit facilityborrower A private credit borrower
lien unstatedheld todayIT Services
Principal held
at least $1.6B
sum of BDC pieces, a lower bound
Fair value
$816M
51c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+600 bp
floor 0.75%
PIK
none stated
Maturity
Oct 29, 2028
read from the schedule's HTML table
Lenders
3 holding
0 exited · 0 named on a deal
On the tape
17 quarters
Dec 31, 2021 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 |
|---|---|---|---|---|---|
| Blackstone Private Credit Fund BLACKSTONE PRIVATE CREDIT STRATEGIES LLC | held · 3 pieces | $1.2B | $580M 51c | 600 bp | Dec 31, 2021 to Jun 30, 2026 |
| Blackstone Secured Lending Fund BLACKSTONE PRIVATE CREDIT STRATEGIES LLC | held · 2 pieces | $395M | $196M 51c | 600 bp | Dec 31, 2021 to Jun 30, 2026 |
| HPS Corporate Lending Fund HPS ADVISORS, LLC | held | $82.8M | $40.7M 50c | 600 bp | Dec 31, 2022 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 | $1.6B | 51c | 600 bp | Oct 29, 2028 | |
| Mar 31, 2026 | 3 | $1.6B | 62c | 600 bp | Oct 29, 2028 | |
| Dec 31, 2025 | 3 | $1.7B | 78c | 600 bp | Oct 29, 2028 | |
| Sep 30, 2025 | 3 | $1.6B | 83c | 650 bp | 4.00% | Oct 29, 2028 |
| Jun 30, 2025 | 3 | $1.6B | 88c | 650 bp | 4.00% | Oct 30, 2028 |
| Mar 31, 2025 | 3 | $1.6B | 90c | 650 bp | 4.00% | Oct 30, 2028 |
| Dec 31, 2024 | 3 | $3.2B | 95c | 650 bp | 4.00% | Oct 30, 2028 |
| Sep 30, 2024 | 3 | $1.6B | 96c | 650 bp | 4.00% | Oct 30, 2028 |
| Jun 30, 2024 | 3 | $1.6B | 99c | 650 bp | 4.00% | Oct 30, 2028 |
| Mar 31, 2024 | 3 | $1.5B | 99c | 650 bp | 4.00% | Oct 30, 2028 |
| Dec 31, 2023 | 3 | $1.6B | 99c | 600 bp | 4.00% | Oct 30, 2028 |
| Sep 30, 2023 | 3 | $1.5B | 99c | 600 bp | 5.97% | Oct 30, 2028 |
| Jun 30, 2023 | 3 | $1.5B | 99c | 650 bp | 5.83% | Oct 30, 2028 |
| Mar 31, 2023 | 3 | $1.4B | 99c | 650 bp | 5.67% | Oct 30, 2028 |
| Dec 31, 2022 | 3 | $1.5B | 99c | 650 bp | 6.50% | Oct 30, 2028 |
| Sep 30, 2022 | 2 | $1.3B | 100c | 6.75% | Oct 29, 2028 | |
| Dec 31, 2021 | 2 | $974M | 100c | 675 bp | Oct 29, 2028 |
What changed on this facility
position and facility grain, including routine
No change at facility grain since it appeared.
Other pieces of this borrower's structure
- at least $318M
How this facility is known
How this facility is known
- Grain
- A private credit borrower x otherderivedborrower 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