DFX Intelligence
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A private credit borrower first lien term loan
Credit facilityborrower A private credit borrower
Principal held
at least $20.2M
sum of BDC pieces, a lower bound
Fair value
$2.8M
14c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
10.99%
modal across pieces
PIK
7.00%
paid in kind, the highest piece
Maturity
Nov 16, 2027
tagged by the filer
Lenders
0 holding
3 exited · 0 named on a deal
On the tape
12 quarters
Dec 31, 2022 to Dec 31, 2025
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 |
|---|---|---|---|---|---|
| AG Twin Brook BDC, Inc. AG TWIN BROOK MANAGER, LLC | dormant | $1.4M | $1.3M 100c | 650 bp | Dec 31, 2022 to Mar 31, 2023 |
| PENNANTPARK INVESTMENT CORP PENNANTPARK INVESTMENT ADVISERS, LLC | exited | $8.9M | $1.1M 13c | Sep 30, 2025 to Dec 31, 2025 | |
| PennantPark Floating Rate Capital Ltd. PENNANTPARK INVESTMENT ADVISERS, LLC | exited | $8.5M | $1.1M 13c | Dec 31, 2023 to Dec 31, 2025 |
4 lenders hold this credit
Each lender named with its own principal, fair value, spread and the quarters it held the piece.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Dec 31, 2025 | 3 | $20.2M | 14c | 7.00% | Nov 16, 2027 | |
| Sep 30, 2025 | 3 | $36.0M | 41c | 700 bp | Nov 16, 2027 | |
| Jun 30, 2025 | 1 | $1.4M | 92c | 7.00% | Nov 16, 2027 | |
| Mar 31, 2025 | 1 | $1.3M | 93c | 25 bp | 7.00% | Nov 16, 2027 |
| Dec 31, 2024 | 1 | $1.3M | 94c | 7.00% | Nov 16, 2027 | |
| Sep 30, 2024 | 1 | $1.3M | 95c | 350 bp | 3.50% | Nov 16, 2027 |
| Jun 30, 2024 | 1 | $1.3M | 97c | 3.50% | Nov 16, 2027 | |
| Mar 31, 2024 | 1 | $1.3M | 99c | 3.50% | Nov 16, 2027 | |
| Dec 31, 2023 | 2 | $3.0M | 42c | 350 bp | 3.50% | Nov 16, 2027 |
| Sep 30, 2023 | 1 | $1.3M | 100c | 350 bp | 3.50% | Nov 16, 2027 |
| Mar 31, 2023 | 1 | $1.4M | 100c | 650 bp | Nov 16, 2027 | |
| Dec 31, 2022 | 1 | $1.4M | 100c | 650 bp | Nov 16, 2027 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Dec 2025$20.2M
- Effective31 Dec 2025$20.2M
- Effective31 Dec 2025Lender left a facility2 eventsPENNANTPARK INVESTMENT CORP: lender left a facility, 2 lenders, at the 31 Dec 2025 quarter end$8.5M to $8.9M
- (a withheld name)$8.9M
- (a withheld name)$8.5M
- Effective31 Dec 2025$20.2M
+7 additional changes on this facility
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Other pieces of this borrower's structure
- first lien revolverexited Dec 31, 2025at least $62,000
- first lien term loanexited Nov 16, 2021unknown
- first lien term loanexited Nov 16, 2021unknown
- Not disclosed
- equityexited Dec 31, 2025$0
- preferred equityexited Dec 31, 2025$0
How this facility is known
How this facility is known
- Grain
- A private credit borrower x first lien term loanderivedborrower group x kind x lien; tranches with different maturities sit under it
- Size
- lower bound: sum of BDC piecesderived
- Possible relationship
- Cortec Group Fund VII, L.P., not establishedestimatedgraded chain current; no deal party names it, so it is not shown as the sponsor
- Sponsor basis
- graded chain currentestimated
- 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