DFX Intelligence
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Borrower
T••••••• L••
Also written as: 764 shares of; 882 shares of; Equity Securities; Equity Securities (shares of; Inc. - Common Stock; Junior; LLC (15; LLC (31
Principal held
at least $25.0M
sum of BDC pieces, a lower bound
Fair value
$29.3M
143c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
9
7 on the latest quarter
Facilities
5
2 equity pieces beside them
Next maturity
Jun 18, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
46
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 $24.0M | 143c | SOFR+1026 bp PIK 10.26% | Jun 18, 2029 | 8 |
| unsecured or subordinated term loan unsecured or subordinated | at least $751,000 | 100c | S+1026 bp PIK 14.01% | Jun 18, 2029 | 2 |
| other lien unstated | at least $300,000 | n/a | S+800 bp | Jun 18, 2029 | 6 |
| term loan lien unstated exited Mar 31, 2025 | at least $2.6M | 79c | S+1026 bp PIK 14.55% | Jun 18, 2029 | 2 |
| first lien delayed draw term loan first lien exited Dec 31, 2025 | at least $1.7M | 94c | S+800 bp | Jun 18, 2029 | 4 |
Equity pieces beside the debt: equity ($812,003 fair value, 8 BDCs), preferred equity ($0 fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | equity equity Equity I••••••• | $70,000 | $0 0c | |
| B••• C•••••• S•••••••• F••••••• I••• | equity equity Equity I••••••• One | $8,000 | $0 0c | |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• F•••• 1.00% S••••• 10.26% I••••••• R••• 14.01% M•••••• | $1.2M | $1.2M 115c | SOFR+1026 bp |
| B••• C•••••• S•••••••• F••••••• I••• | unstated lien unstated A••••••••• D••• 6/18/2024 | n/a | n/a | |
| B•••••••• T•• C•••••• C•••• | term loan first lien F•••• L••• S••••• Out T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 10.26% T•••• C••••• 14.01% | $4.5M | $4.4M 272c | SOFR+1026 bp |
| B•••••••• T•• C•••••• C•••• | equity equity C••••• U•••• | n/a | $3 | |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• B•••••••• R••••• I••••••• R••• 14.01% R•••••••• R••• | $4.0M | $4.0M 125c | SOFR+1026 bp PIK 10.26% |
| G•••••• S•••• B••• I••• | unstated lien unstated | n/a | n/a | |
| G•••••• S•••• B••• I••• | equity equity C••••• S•••• I••••••• B•••••••• R••••• I•••••• A••••••••• D••• 06/18/24 | n/a | $0 | |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• B•••••••• R••••• I••••••• R••• 14.01% R•••••••• R••• | $3.7M | $3.7M 125c | SOFR+1026 bp |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | unstated lien unstated | n/a | $3.7M | |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | equity equity C••••• S•••• I••••••• B•••••••• R••••• I•••••• A••••••••• D••• 06/18/2024 | n/a | n/a | |
| H•• C•••••••• L•••••• F••• | equity equity C••••• S•••• | N••••••••• I••••• | n/a | $0 | |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $300,000 | $300,000 3750c | S+800 bp |
| M••••• C•••••• I••••• P••• C••• | term loan unsecured or subordinated J••••• S•••••• L•••• | $751,000 | $751,000 100c | S+1026 bp PIK 14.01% |
| M••••• C•••••• I••••• P••• C••• | equity equity common stock) | Equity S••••••••• | $0 | $0 0c | |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 2 | $5.3M | $5.2M | S+1000 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 2 | $5.3M | $5.2M 128c | S+1000 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 1 | $0 | $0 | S+1000 bp |
| O•••••• S•••••••• L•••••• C••• | equity equity C••••• S•••• | n/a | $406,000 | |
| O•••••• S•••••••• L•••••• C••• | equity equity C••••• S•••• | n/a | $406,000 |
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 | 7 | $25.0M | $24.8M | 181c | 2 |
| Mar 31, 2026 | 7 | $139M | $118M | 138c | 8 |
| Dec 31, 2025 | 8 | $146M | $114M | 124c | 13 |
| Sep 30, 2025 | 8 | $108M | $77.8M | 86c | 15 |
| Jun 30, 2025 | 8 | $107M | $77.9M | 87c | 15 |
| Mar 31, 2025 | 8 | $101M | $83.3M | 95c | 15 |
| Dec 31, 2024 | 8 | $143M | $125M | 99c | 27 |
| Sep 30, 2024 | 8 | $93.5M | $84.0M | 100c | 15 |
| Jun 30, 2024 | 8 | $92.4M | $83.4M | 100c | 5 |
| Mar 31, 2024 | 8 | $199M | $86.0M | 46c | 4 |
| Dec 31, 2023 | 9 | $231M | $130M | 57c | 0 |
| Sep 30, 2023 | 9 | $187M | $129M | 70c | 1 |
| Jun 30, 2023 | 9 | $184M | $91.5M | 86c | 0 |
| Mar 31, 2023 | 9 | $148M | $97.3M | 91c | 0 |
| Dec 31, 2022 | 9 | $294M | $248M | 91c | 0 |
| Sep 30, 2022 | 3 | $85.9M | $81.9M | 98c | 0 |
| Dec 31, 2021 | 2 | $46.0M | $46.0M | 102c | 0 |
What changed
- Mark recoveredJun 30, 2026
- PIK interest increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- returned to accrualJun 30, 2026
- returned to accrualJun 30, 2026
- returned to accrualJun 30, 2026
- returned to accrualJun 30, 2026
- returned to accrualJun 30, 2026
- Lender left a facilityMar 31, 2026
- Mark recoveredDec 31, 2025
- Mark recoveredDec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
- nport default reportedDec 31, 2025••• Locked
- Lender left a facilitySep 30, 2025
- Marked down across lendersJun 30, 2025
- non accrual placedJun 30, 2025
- non accrual placedJun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Facility left every BDC scheduleMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- Marked down (one lender)Sep 30, 2024
Sponsor
- U••••••
- Form D signer consensus, grade Bestimated"••• Locked"
- U••••••
- Form D signer consensus, grade Bestimated"••• Locked"
Identity
- Group key
- THRASIOderivedthe codename stem after legal suffixes and deal words
- Spellings
- 3 across 9 BDCsderived
- Industry
- Broadline Retailreportedas one filer wrote it