{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-245163","form_type":"8-K","ticker":null,"cik":"0001860424","company_name":"Onex Direct Lending BDC Fund","filed_at":"2025-10-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.854607+00:00","generated_at":"2026-05-17T03:04:46.474597+00:00","sec_items":["3.02","7.01","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Onex Direct Lending BDC NAV per share drops to $21.53; Q3 return -1.8%","bullets":["NAV per share $21.53 as of Sep 30, down 4.2% from $22.48 at Jun 30, driven by unrealized losses.","Quarterly return -1.8%, year-to-date -1.1%; dividends of $0.54/share (annualized yield 10.03%).","Portfolio fair value $407.3M across 59 companies; 97% first lien, 99% floating rate debt.","Net leverage 0.99x; two investments on non-accrual (unchanged from prior quarter).","Sold 7,989 unregistered common shares for $172,000 in private placement (total offering $359.8M)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-245163","json":"https://secwatch.observer/filing/0001193125-25-245163.json","markdown":"https://secwatch.observer/filing/0001193125-25-245163.md","text":"https://secwatch.observer/filing/0001193125-25-245163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1860424/000119312525245163/0001193125-25-245163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1860424/000119312525245163/d19246d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:04:46.474597+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6a53705d14cf5aa916436b4be3ad319c390e336a","claim":"Onex Direct Lending BDC Fund issued 7,989 unregistered common shares of common stock to investors, including feeder vehicles for $172,000.","evidence_excerpt":"table details the shares sold: Date of Unregistered Sale Amount of Common Shares Consideration October 1, 2025 (number of Common Shares finalized on October 17, 2025) 7,989 $ 172,000","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1860424/000119312525245163/0001193125-25-245163-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"7,989 unregistered common shares"},{"label":"Purchaser","value":"investors, including feeder vehicles"},{"label":"Consideration","value":"$172,000"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}