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A private credit borrower first lien delayed draw term loan

Credit facilityborrower A private credit borrower
first lienoff every schedule since Mar 31, 2025Internet Software & Services
Principal held
at least $993,358
sum of BDC pieces, a lower bound
Fair value
-$340,451
n/a on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+700 bp
floor 0.75%
PIK
none stated
Maturity
Jun 8, 2028
tagged by the filer
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
1 quarters
Mar 31, 2025 to Mar 31, 2025

Lender group

every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
BlackRock TCP Capital Corp.
TENNENBAUM CAPITAL PARTNERS, LLC
exited$509,411-$274,717
-55c
700 bpMar 31, 2025 to Mar 31, 2025
BlackRock Direct Lending Corp.
BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC
exited$483,947-$65,734
-55c
700 bpMar 31, 2025 to Mar 31, 2025

Facility through time

pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Mar 31, 20252$993,358n/a700 bpJun 8, 2028

What changed on this facility

position and facility grain, including routine
Order
  • Effective
    31 Mar 2025
    Facility left every BDC schedule
    $993K

Other pieces of this borrower's structure

How this facility is known

Grain
A private credit borrower x first lien delayed draw 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