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A private credit borrower term loan

Credit facilityborrower A private credit borrower
lien unstatedoff every schedule since Dec 31, 2024Financial Services
Principal held
at least $24.1M
sum of BDC pieces, a lower bound
Fair value
$24.1M
100c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+525 bp
modal across pieces
PIK
none stated
Maturity
Jul 30, 2029
tagged by the filer
Lenders
0 holding
1 exited · 0 named on a deal
On the tape
1 quarters
Dec 31, 2024 to Dec 31, 2024

Lender group

every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
Audax Private Credit Fund, LLC
AUDAX PDB MANAGEMENT COMPANY, LLC
exited$24.1M$24.1M
100c
525 bpDec 31, 2024 to Dec 31, 2024

Facility through time

pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Dec 31, 20241$24.1M100c525 bpJul 30, 2029

What changed on this facility

position and facility grain, including routine
Order
  • Effective
    31 Dec 2024
    Facility left every BDC schedule
    $24.1M

Other pieces of this borrower's structure

How this facility is known

Grain
A private credit borrower x term loanderivedborrower 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