DFX Intelligence
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Borrower
L• • S• M••••••••• A••••••••• L••
Principal held
at least $148M
sum of BDC pieces, a lower bound
Fair value
$126M
85c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Sep 1, 2027
$148M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
2
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $148M | 85c | S+625 bp | Sep 1, 2027 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $133M | $113M 85c | S+625 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $14.8M | $12.6M 85c | S+625 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 | 2 | $148M | $126M | 85c | 0 |
| Mar 31, 2026 | 2 | $149M | $141M | 96c | 0 |
| Dec 31, 2025 | 2 | $149M | $143M | 97c | 0 |
| Sep 30, 2025 | 2 | $149M | $146M | 99c | 0 |
| Jun 30, 2025 | 2 | $150M | $148M | 100c | 0 |
| Mar 31, 2025 | 2 | $151M | $149M | 100c | 0 |
| Dec 31, 2024 | 2 | $302M | $302M | 101c | 0 |
| Sep 30, 2024 | 2 | $134M | $134M | 101c | 0 |
| Jun 30, 2024 | 2 | $122M | $122M | 101c | 0 |
| Mar 31, 2024 | 2 | $125M | $124M | 100c | 0 |
| Dec 31, 2023 | 2 | $126M | $120M | 97c | 0 |
| Sep 30, 2023 | 2 | $126M | $118M | 95c | 2 |
| Jun 30, 2023 | 2 | $125M | $113M | 91c | 0 |
| Mar 31, 2023 | 2 | $126M | $113M | 91c | 0 |
| Dec 31, 2022 | 2 | $126M | $119M | 95c | 0 |
| Sep 30, 2022 | 2 | $127M | $121M | 97c | 0 |
| Dec 31, 2021 | 2 | $128M | $125M | 100c | 0 |
What changed
- Maturity approachingSep 1, 2027
- Maturity approachingSep 1, 2027
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- PIK interest appearsSep 30, 2023
- PIK interest appearsSep 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
Sponsor
- T•• S••••••• G••••• L•••
- Form D signer consensus, grade Aestimated"••• Locked"
- T•• S••••••• G••••• L•••
- the sponsor's own portfolio page lists a company of this nameestimatedsterling-group.com"••• Locked"
Identity
- Group key
- L AND S MECHANICALderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived