DFX Intelligence
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Borrower
B••••• C•••• H•••••••• L••
group grade Aon a schedule nowsponsor unattributed
Also written as: 2018; Operating Services; Preferred Member Units January 09; Preferred Member Units January 9; Provider of C•••• Rental
What matters now
- $6.27Mprincipal outstanding
$6.27M principal held by 2 lenders; matures Dec 2026.
Q2 2026 · Refinancing is due in 3 months at a 100¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
100¢100¢
Principal held
at least $6.3M
sum of BDC pieces, a lower bound
Fair value
$10.5M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Dec 31, 2026
$6.3M inside 24 months
On the tape since
Dec 31, 2020
latest Jun 30, 2026
Events
7
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••• S••••• C•••••• C••• | $5.02M | 100¢ | 0 pts |
| M•• I••••• F•••• I••• | $1.25M | 100¢ | 0 pts |
Every BDC piece · 6 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• | $5.0M | $5.0M 100c | S+1000 bp |
| M•• I••••• F•••• I••• | term loan lien unstated S•••••• D••• | $1.3M | $1.3M 100c | S+1000 bp |
| M••• S••••• C•••••• C••• | preferred equity equity P•••••••• M••••• U•••• 1 | Not disclosed | $3.0M 71c | |
| M••• S••••• C•••••• C••• | preferred equity equity P•••••••• M••••• U•••• 2 | Not disclosed | $360,000 100c | 15.00% PIK 15.00% |
| M•• I••••• F•••• I••• | preferred equity equity P•••••••• M••••• U•••• 2 | Not disclosed | $90,000 100c | 15.00% PIK 15.00% |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M•• I••••• F•••• I••• | preferred equity equity P•••••••• M••••• U•••• 1 | Not disclosed | $760,000 71c |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated | at least $6.3M | 100c | S+1000 bp | Dec 31, 2026 | 2 |
Equity pieces beside the debt: preferred equity ($4.3M fair value, 2 BDCs), other ($5.7M fair value, 1 BDC)
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 | 2 | $6.3M | $6.3M | 100c | 0 |
| Mar 31, 2026 | 2 | $6.3M | $6.3M | 100c | 0 |
| Dec 31, 2025 | 2 | $6.3M | $6.3M | 100c | 0 |
| Sep 30, 2025 | 2 | $6.3M | $6.3M | 100c | 0 |
All 19 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $6.3M | $12.5M | 200c | 0 |
| Mar 31, 2025 | 2 | $6.3M | $12.5M | 200c | 0 |
| Dec 31, 2024 | 2 | $13.8M | $13.8M | 100c | 0 |
| Sep 30, 2024 | 2 | $6.4M | $6.4M | 100c | 0 |
| Jun 30, 2024 | 2 | $6.6M | $6.6M | 100c | 0 |
| Mar 31, 2024 | 2 | $6.7M | $6.7M | 100c | 0 |
| Dec 31, 2023 | 2 | $6.9M | $13.7M | 200c | 0 |
| Sep 30, 2023 | 2 | $7.0M | $6.9M | 98c | 0 |
| Jun 30, 2023 | 2 | $7.1M | $7.1M | 99c | 0 |
| Mar 31, 2023 | 2 | $7.3M | $7.3M | 100c | 0 |
| Dec 31, 2022 | 2 | $7.5M | $7.5M | 100c | 0 |
| Sep 30, 2022 | 2 | $6.1M | $13.7M | 225c | 0 |
| Jun 30, 2022 | 2 | $0 | $9.7M | n/a | 0 |
| Mar 31, 2022 | 2 | $0 | $0 | n/a | 0 |
| Dec 31, 2021 | 2 | $16.1M | $18.1M | 112c | 0 |
What changed
- Maturity approachingDec 31, 2026
- Maturity approachingDec 31, 2026
- Maturity approachingDec 31, 2026
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
Full timeline · 15 eventsShow fewer
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Mar 31, 2023
- Maturity extended (observed)Mar 31, 2023
- Maturity extended (observed)Mar 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- BREWER CRANEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived