DFX Intelligence
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Borrower
I•••••• B•••• L••••••
group grade Bon a schedule nowsponsor unattributed
Also written as: Radio & Television
Principal held
at least $6.0M
sum of BDC pieces, a lower bound
Fair value
$5.6M
94c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
5
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $6.0M | 94c | S+650 bp | unstated | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• P•••••• C••••• C••• | term loan first lien First Lien Senior Secured Term Loan | $6.0M | $5.6M 94c | S+650 bp |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $6.0M | $5.6M | 94c | 0 |
| Mar 31, 2026 | 1 | $5.9M | $5.5M | 92c | 1 |
| Dec 31, 2025 | 1 | $6.1M | $5.6M | 94c | 1 |
| Sep 30, 2025 | 1 | $5.9M | $5.6M | 98c | 0 |
| Jun 30, 2025 | 1 | $6.0M | $5.8M | 101c | 0 |
| Mar 31, 2025 | 1 | $5.6M | $5.4M | 95c | 0 |
| Dec 31, 2024 | 1 | $10.1M | $9.9M | 92c | 0 |
| Sep 30, 2024 | 1 | $5.4M | $5.3M | 98c | 0 |
| Jun 30, 2024 | 1 | $5.1M | $5.0M | 92c | 0 |
| Mar 31, 2024 | 1 | $4.8M | $4.7M | 91c | 0 |
| Dec 31, 2023 | 1 | $4.9M | $4.8M | 93c | 0 |
| Sep 30, 2023 | 1 | $4.7M | $4.6M | 90c | 0 |
| Jun 30, 2023 | 1 | $4.9M | $4.7M | 93c | 0 |
| Mar 31, 2023 | 1 | $4.7M | $4.6M | 91c | 0 |
| Dec 31, 2022 | 1 | $4.6M | $4.6M | 90c | 0 |
What changed
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- Marked down across lendersDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Mark recoveredSep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- IRIDIUM #UKderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived