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A private credit borrower unsecured or subordinated term loan

Credit facilityborrower A private credit borrower
unsecured or subordinatedoff every schedule since Dec 31, 2024Commercial Services & Supplies
Principal held
at least $588,214
sum of BDC pieces, a lower bound
Fair value
$588,214
157c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+115 bp
floor 1.00%
PIK
7.00%
paid in kind, the highest piece
Maturity
Nov 6, 2028
tagged by the filer
Lenders
0 holding
1 exited · 0 named on a deal
On the tape
4 quarters
Mar 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
BlackRock TCP Capital Corp.
TENNENBAUM CAPITAL PARTNERS, LLC
exited$588,214$588,214
157c
115 bpMar 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$588,214157c115 bp7.00%Nov 6, 2028
Sep 30, 20241$568,735164c115 bp7.00%Nov 6, 2028
Jun 30, 20241$549,795171c115 bp7.00%Nov 7, 2028
Mar 31, 20241$542,566177c100 bp7.00%Nov 7, 2028

What changed on this facility

position and facility grain, including routine
Order
  • Effective
    31 Dec 2024
    Facility left every BDC schedule
    $588K

Other pieces of this borrower's structure

How this facility is known

Grain
A private credit borrower x unsecured or subordinated 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