DFX Intelligence
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Borrower
M•••••••• S••••••• I••••••••• H•••••••• I••
Health Care Technologygroup grade Aon a schedule nowsponsor unattributed
What matters now
- 91¢ → 59¢consensus mark
Consensus mark 59¢ on cost, down from 91¢ a year ago, 78¢ last quarter.
Q1 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived1 of 1 lender' own marks, weighted by principal - $6.11Mprincipal outstanding
$6.11M principal held by 1 lender; matures Dec 2028.
Q1 2026 · Refinancing is due in 27 months at a 59¢ mark.
FactBDC schedules of investments, 31 Mar 2026; a sum of the BDCs' pieces, a lower bound - 78¢ → 59¢-19 pts, one lender
N•••• H•••• P•••••• I••••• F••• L•• marked it 78¢ → 59¢, the largest move among 1 lender this quarter.
Q1 2026 · One holder repriced far more than the rest.
Mark path, consensus per quarter end
91¢ · 93¢ · 91¢ · 78¢ · 59¢Q1 2025 to Q1 2026
Principal held
at least $6.1M
sum of BDC pieces, a lower bound
Fair value
$3.6M
59c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Dec 15, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2026
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• | $6.11M | 59¢ | -19 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S + 4.00% I••••••• R••• 7.74% M•••••• | $6.1M | $3.6M 59c | SOFR+400 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2024 | at least $6.1M | 92c | S+400 bp | unstated | 1 |
| first lien term loan first lien exited Mar 31, 2026 | at least $6.1M | 59c | SOFR+400 bp | Dec 15, 2028 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2026 | 1 | $6.1M | $3.6M | 59c | 0 |
| Dec 31, 2025 | 1 | $6.1M | $4.8M | 78c | 0 |
| Sep 30, 2025 | 1 | $6.1M | $5.6M | 91c | 0 |
| Jun 30, 2025 | 1 | $6.1M | $5.7M | 93c | 0 |
All 14 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2025 | 1 | $6.1M | $5.6M | 91c | 0 |
| Dec 31, 2024 | 1 | $12.3M | $11.3M | 92c | 0 |
| Sep 30, 2024 | 1 | $6.8M | $4.6M | 68c | 0 |
| Jun 30, 2024 | 1 | $6.8M | $5.6M | 81c | 0 |
| Mar 31, 2024 | 1 | $6.9M | $5.8M | 84c | 0 |
| Dec 31, 2023 | 1 | $6.9M | $5.4M | 79c | 0 |
| Sep 30, 2023 | 1 | $6.9M | $5.6M | 81c | 0 |
| Jun 30, 2023 | 1 | $6.9M | $5.9M | 85c | 0 |
| Mar 31, 2023 | 1 | $6.9M | $6.4M | 93c | 0 |
| Dec 31, 2022 | 1 | $6.9M | $5.9M | 84c | 0 |
What changed
- Marked down across lendersMar 31, 2026
- Facility left every BDC scheduleMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down across lendersDec 31, 2025
- Marked down (one lender)Dec 31, 2025
Full timeline · 8 eventsShow fewer
- Facility left every BDC scheduleDec 31, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Jun 30, 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
- MEDASSETS SOFTWAREderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Health Care Technologyreportedas one filer wrote it