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A private credit borrower first lien term loan

Credit facilityborrower A private credit borrower
first lienoff every schedule since Sep 30, 2023Aerospace & Defense
Principal held
at least $479,469
sum of BDC pieces, a lower bound
Fair value
$452,425
95c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
//www.audaxcreditbdc.com/20230930#London Interbank Offered Rate+375 bp
modal across pieces
PIK
none stated
Maturity
Apr 30, 2025
tagged by the filer
Lenders
0 holding
1 exited · 0 named on a deal
On the tape
3 quarters
Dec 31, 2022 to Sep 30, 2023

Lender group

every BDC that holds or held a piece; each row is that lender's own figures
LenderStatusPrincipalFair valueSpreadHeld
Audax Credit BDC Inc.exited$479,469$452,425
95c
375 bpDec 31, 2022 to Sep 30, 2023

Facility through time

pieces summed per quarter end across the BDCs holding it
Quarter endBDCsPrincipal heldOn costSpreadPIKMaturity
Sep 30, 20231$479,46995c375 bpApr 30, 2025
Jun 30, 20231$480,67491c375 bpApr 30, 2025
Dec 31, 20221$483,08296c375 bpApr 30, 2025

What changed on this facility

position and facility grain, including routine
Order
  • Effective
    30 Sep 2023
    Facility left every BDC schedule
    $479K
  • Effective
    30 Jun 2023
    Marked down across lenders
    $481K

Other pieces of this borrower's structure

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
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