DFX Intelligence
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Borrower
C••••••••• B••••• L••
Financial Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Kodiak Solutions; LLC Asset Type; LLC Asset Type Term
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 101¢ · 101¢ · 99¢ · 100¢Q2 2025 to Q2 2026
Principal held
at least $20.1M
sum of BDC pieces, a lower bound
Fair value
$19.6M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Oct 10, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2023
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 |
|---|---|---|---|
| A•••••• S•••••••• C••••• F••• | $9.45M | 100¢ | +1 pts |
| A•••••• P•••••• C••••• F••• | $5.72M | 101¢ | +2 pts |
| S••••• P•••• S•••••••• L•••••• F••• | $4.91M | 99¢ | 0 pts |
Every BDC piece · 7 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 4.50% I••••••• | $9.2M | $9.2M 100c | SOFR+450 bp |
| A•••••• P•••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 4.50% I••••••• | $5.5M | $5.5M 101c | SOFR+450 bp |
| S••••• P•••• S•••••••• L•••••• F••• | term loan first lien 1st L•••/S•••••• L•••• I••••••••• 1st L••• T••• L••• I••••••• H••••••••• T••••••••• R••• S | $3.4M | $3.3M 99c | SOFR+450 bp |
| S••••• P•••• S•••••••• L•••••• F••• | delayed draw term loan first lien 1st L•••/S•••••• L•••• I••••••••• 1st L••• D•••••• D••• T••• L••• I••••••• H••••••••• T••• | $1.1M | $1.0M 98c | SOFR+450 bp |
| S••••• P•••• S•••••••• L•••••• F••• | revolver first lien 1st L•••/S•••••• L•••• I••••••••• 1st L••• R••••••• I••••••• H••••••••• T••••••••• R••• S+ | $401,425 | -$8,740 143c | SOFR+450 bp |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 4.50% I••••••• R••• 8.25% M• | $244,000 | $244,000 101c | SOFR+450 bp |
| A•••••• P•••••• C••••• F••• | term loan first lien S•••••• D••• Asset T••• T••• R•••••••• R••• and S••••• S + 4.50% I••••••• R••• 8.25% M•••• | $196,000 | $196,000 100c | SOFR+450 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien delayed draw term loan first lien | at least $15.8M | 100c | SOFR+450 bp | Oct 10, 2030 | 3 |
| first lien term loan first lien | at least $3.9M | 99c | SOFR+450 bp | Oct 10, 2030 | 3 |
| first lien revolver first lien | at least $401,425 | n/a | SOFR+450 bp | Oct 10, 2029 | 1 |
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 | 3 | $20.1M | $19.6M | 100c | 0 |
| Mar 31, 2026 | 3 | $20.1M | $19.4M | 99c | 0 |
| Dec 31, 2025 | 3 | $4.3M | $3.9M | 101c | 0 |
| Sep 30, 2025 | 3 | $4.3M | $3.9M | 101c | 0 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 3 | $4.3M | $3.8M | 100c | 0 |
| Mar 31, 2025 | 3 | $4.3M | $3.9M | 100c | 1 |
| Dec 31, 2024 | 3 | $4.3M | $4.1M | 101c | 0 |
| Sep 30, 2024 | 2 | $4.1M | $3.7M | 100c | 0 |
| Jun 30, 2024 | 2 | $4.2M | $3.7M | 100c | 0 |
| Mar 31, 2024 | 2 | $4.2M | $3.7M | 100c | 0 |
| Dec 31, 2023 | 1 | $3.9M | $3.4M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Spread changed (observed)Mar 31, 2026
- Spread changed (observed)Mar 31, 2026
Full timeline · 8 eventsShow fewer
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- New borrower on a BDC scheduleDec 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
- CONTRACTUALderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Financial Servicesreportedas one filer wrote it