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Borrower record · Q2 2026

Direct Digital Holdings

As filed by Lafayette Square USA, Inc. · period end 30 June 2026No sector — one filer, nothing to corroborate3 name variants under review

Lafayette Square USA, Inc. is the only BDC lending to Direct Digital Holdings: $37.1m across six positions at Q2 2026, marked at 96.7 cents. All of it comes due inside two years — the last tranche in December 2026.

Filed fair value
$37.1m
6 funded positions
Aggregate mark
96.7c
cost filed on all 6 positions
Median spread
1000bp
over SOFR, 4 tranches
Maturities to
2026
earliest September 2026
Periods on record
5
Q2 2025 → Q2 2026

How this total is counted

Pricing as filed

4 floating tranches · SOFR

1000bp on all 4 floating tranches — every filer reports the same spread.

Capital structure

Equity/Other2 positions
$22.3m
60.1%
First-Lien Senior Secured4 positions
$14.8m
39.9%

All 6 funded positions carry a filed seniority.

Rate structure

Fixed2 positions
$22.3m
60.1%
Floating4 positions
$14.8m
39.9%

60.1% fixed by classified fair value.

Maturity profile

4 of 6 funded positions dated
2026
$14.8m

0.4 years to maturity, weighted by fair value across the 4 dated positions.

Filed over time

5 periods · aggregate only

Filed fair value

$32.3m
Q2 2025
$38.2m
Q3 2025
$39.3m
Q4 2025
$40.5m
Q1 2026
$37.1m
Q2 2026

Aggregate marknot to zero

94.5c
Q2 2025
100.1c
Q3 2025
110.0c
Q4 2025
107.8c
Q1 2026
96.7c
Q2 2026

Q2 2025, Q3 2025, Q4 2025, Q1 2026, Q2 2026 — every filer reporting the borrower at each period, aggregated. No lender is separated out at any period.

Credit flags

The filer reports no position on non-accrual, and no filed tranche pays in kind.

Not in the filings

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Tell me when this changes.

One lender reports Direct Digital Holdings today. We will email you when a second one does, when Lafayette Square USA, Inc.'s mark moves, or when the position leaves the schedule.

Every filing behind this page

1 filer · Q2 2026
FilerCIKFormPeriodFiledAccession
Lafayette Square USA, Inc.000184908910-Q2026-06-302026-08-030001628280-26-051793

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