DFX Intelligence
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A private credit borrower first lien revolver
Credit facilityborrower A private credit borrower
first lienoff every schedule since Jun 30, 2024IT Services
Principal held
at least $1.4M
sum of BDC pieces, a lower bound
Fair value
$519,000
93c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+565 bp
modal across pieces
PIK
none stated
Maturity
Apr 1, 2026
tagged by the filer
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
7 quarters
Sep 30, 2022 to Jun 30, 2024
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 | exited · 2 pieces | $1.0M | $384,000 84c | 565 bp | Sep 30, 2022 to Jun 30, 2024 |
| PENNANTPARK INVESTMENT CORP PENNANTPARK INVESTMENT ADVISERS, LLC | exited · 2 pieces | $364,000 | $135,000 84c | 565 bp | Sep 30, 2022 to Jun 30, 2024 |
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, 2024 | 2 | $1.4M | 93c | 565 bp | Apr 1, 2026 | |
| Mar 31, 2024 | 2 | $1.4M | 94c | 565 bp | Apr 1, 2026 | |
| Dec 31, 2023 | 2 | $1.4M | 92c | 565 bp | Apr 1, 2026 | |
| Sep 30, 2023 | 2 | $1.8M | n/a | 550 bp | Apr 1, 2026 | |
| Jun 30, 2023 | 2 | $1.4M | n/a | 550 bp | Apr 1, 2026 | |
| Mar 31, 2023 | 2 | $1.4M | n/a | 550 bp | Apr 1, 2026 | |
| Sep 30, 2022 | 2 | $1.4M | n/a | 550 bp | Apr 1, 2026 |
What changed on this facility
position and facility grain, including routine
Other pieces of this borrower's structure
- at least $49.5M
- otherexited Dec 31, 2024at least $7.2M
How this facility is known
How this facility is known
- Grain
- A private credit borrower x first lien revolverderivedborrower group x kind x lien; tranches with different maturities sit under it
- Size
- lower bound: sum of BDC piecesderived
- Status
- unknownsignalnon-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