DFX Intelligence
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A private credit borrower unsecured or subordinated subordinated debt
Credit facilityborrower A private credit borrower
unsecured or subordinatedoff every schedule since Mar 31, 2024Diversified Financial Services
Principal held
at least $5.0M
sum of BDC pieces, a lower bound
Fair value
$5.0M
104c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+850 bp
floor 0.25%
PIK
none stated
Maturity
Oct 8, 2027
tagged by the filer
Lenders
0 holding
1 exited · 0 named on a deal
On the tape
6 quarters
Dec 31, 2022 to Mar 31, 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 |
|---|---|---|---|---|---|
| BlackRock Capital Investment Corp BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC | dormant | $5.0M | $5.0M 100c | 850 bp | Dec 31, 2022 to Dec 31, 2023 |
| BlackRock TCP Capital Corp. TENNENBAUM CAPITAL PARTNERS, LLC | exited | $5.0M | $5.0M 104c | 850 bp | Mar 31, 2024 to Mar 31, 2024 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $5.0M | 104c | 850 bp | Oct 8, 2027 | |
| Dec 31, 2023 | 1 | $5.0M | 100c | 850 bp | Oct 8, 2027 | |
| Sep 30, 2023 | 1 | $5.0M | 100c | 850 bp | Oct 8, 2027 | |
| Jun 30, 2023 | 1 | $5.0M | 99c | 850 bp | Oct 8, 2027 | |
| Mar 31, 2023 | 1 | $5.0M | 99c | 850 bp | Oct 8, 2027 | |
| Dec 31, 2022 | 1 | $10.0M | 99c | 850 bp | Oct 8, 2027 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Mar 2024$5.0M
- Effective31 Mar 2024$5.0M
- Effective31 Mar 2024$5.0M
Other pieces of this borrower's structure
- term loanexited Jun 30, 2025at least $125M
- first lien term loanexited Jun 30, 2025at least $19.1M
How this facility is known
How this facility is known
- Grain
- A private credit borrower x unsecured or subordinated subordinated debtderivedborrower 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