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Private-Credit Borrower

Zendesk, Inc. Software/Services

How each BDC lender prices its exposure to this borrower, from the latest SEC Schedule-of-Investments filings.

8
BDC Lenders
17
Debt Positions

Lenders

Zendesk, Inc. Software/Services is held by 8 BDC lenders in our parsed SEC filings: ARCC, BXSL, FBLK, FSK, GBDC, MFIC, OBDC, TCPC.

Cross-lender loan pricing

Each row is one debt tranche at the BDC’s most recent filing that holds this borrower, widest spread first. Mark is the position’s fair value as a percent of par (100 = par). Spread is shown in basis points over the benchmark in the Rate column, normalized from each filing’s as-reported units — rows quoting different benchmarks are still not directly comparable. Compare like-for-like: a second-lien tranche, a different vintage, or an older filing should price wider even when the credit view is identical — check the Type and Filing columns before reading a gap as disagreement. Source: SEC EDGAR (public). Rows marked stale are from an earlier filing than the lender’s latest — the borrower is absent from its newest filing (exited, repaid, or reported under a different name).

BDCTypeRateSpread (bps)Mark (% of par)Fair ValueMaturityFiling
FBLKDebtPIK67598.3$43M2028-11-222023-11-13
ARCC1L Sr SecuredSOFR50098.0$39M2028-112026-04-28
BXSL1L Sr SecuredSOFR500100.0$123K2028-11-222026-05-07
BXSL1L Sr SecuredSOFR500100.0$2M2028-11-222026-05-07
FSK1L Sr SecuredSOFR50099.5$73M2028-112026-05-11
FSK1L Sr SecuredSOFR500100.0$6M2028-112026-05-11
GBDC1L Sr SecuredSOFR50097.0$2M2028-112026-05-04
GBDC1L Sr SecuredSOFR50097.0$4M2028-112026-05-04
GBDC1L Sr SecuredSOFR50097.0$27M2028-112026-05-04
MFIC1L Sr SecuredSOFR50095.0$2M2028-11-222026-05-06
MFIC1L Sr SecuredSOFR50095.0$6M2028-11-222026-05-06
MFIC1L Sr SecuredSOFR500—-$35K2028-11-222026-05-06
OBDC1L Sr SecuredSOFR50096.5$113M2028-112026-05-06
ARCC1L Sr SecuredSOFR——$2M2026-04-28
GBDC1L Sr SecuredFIXED——-$4K2028-112026-05-04
TCPC1L Sr SecuredSOFR500100.0$6M2028-11-222025-11-06 stale
TCPC1L Sr SecuredSOFR500100.0$435K2028-11-222025-11-06 stale

Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.

Ownership & deal activity

Ownership and acquisition events compiled from public sources and audited against the linked source. Each event links to its source; “(reported)” marks a lower-confidence item. Verify anything material against the original source.

  • lboConsortium led by Hellman & Friedman and Permira completes acquisition of ZendeskThe $10.2 billion leveraged buyout of Zendesk by the Hellman & Friedman and Permira-led consortium closed, Zendesk common stock was delisted from the NYSE, and the company began operating as a privately held company headquartered in San Francisco.2022-11-22 · $10.2B · per zendesk.com
  • take privateHellman & Friedman and Permira agree to acquire Zendesk for $10.2BZendesk entered into a definitive agreement to be acquired by an investor group led by Hellman & Friedman and Permira in an all-cash transaction at $77.50 per share (~34% premium), taking the company private.2022-06-24 · $10.2B · per sec.gov
  • mergerZendesk announces $4.13B merger with Momentive (SurveyMonkey) — later terminatedZendesk entered into a definitive agreement to acquire Momentive Global (SurveyMonkey) in an all-stock deal valued at ~$4.13 billion, but the transaction was subsequently terminated in February 2022 after Zendesk stockholders rejected it.2021-10-28 · $4.1B · per sec.gov
  • ipoZendesk IPO on NYSE at $9.00/shareZendesk completed its initial public offering on the New York Stock Exchange under the symbol 'ZEN' at $9.00 per share, raising approximately $100 million and valuing the company at ~$1.7 billion.2014-01-01 · $100M · per sec.gov
  • acquisitionZendesk acquires FutureSimple (Base CRM)Zendesk acquired FutureSimple Inc., the company behind the Base sales-force-automation product, to extend its footprint into the sales process portion of the customer journey.per sec.gov

Verified headlines that signal an acquisition, merger, buyout, sponsor change, refinancing, or restructuring involving Zendesk, Inc. Software/Services. A mention is not confirmation of a completed deal — verify against the linked source. Source: Google News.

Headlines mentioning Zendesk, Inc. Software/Services

Public headlines that name Zendesk, Inc. Software/Services, matched by company name and shown most-recent first. A mention is not an endorsement, a rating, or investment advice — verify anything material against the original source. Source: Google News.

Reading this table

When two business development companies lend to the same borrower, comparing how each marks the loan is a starting question, not a verdict. In plain English: a wider spread (e.g. S+575 vs S+525) or a lower mark (e.g. 96 vs 100 cents on the dollar) can mean that lender is pricing in more risk — but marks can also differ for reasons other than a credit view: a different tranche (second lien should price wider than first lien on the same company), a different vintage or entry point, an older filing date, or each manager’s own fair-value methodology. Compare like-for-like — check the Type and Filing columns before reading a gap as disagreement. Each row is one debt position at one BDC’s most recent filing. Source: SEC EDGAR Schedule of Investments (public).

Want to read these numbers like an analyst? Free Oxford Ledge lessons: reading a BDC’s Schedule of Investments, key credit metrics, and the Five Cs of credit analysis.