secwatch.observer — SEC 8-K summary
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Issuer:     Onex Direct Lending BDC Fund (—)
CIK:        0001860424
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001193125-25-245163
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 3.02, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Onex Direct Lending BDC NAV per share drops to $21.53; Q3 return -1.8%
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860424/000119312525245163/0001193125-25-245163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860424/000119312525245163/d19246d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-245163

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