DFX Intelligence
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Borrower
P• A••••••••• H••••••• L••
group grade Con a schedule nowsponsor unattributed
Also written as: Convertible Promissory
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
96¢ · 95¢ · 95¢ · 94¢ · 93¢Q2 2025 to Q2 2026
Principal held
at least $14.0M
sum of BDC pieces, a lower bound
Fair value
$12.8M
93c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
4
1 equity pieces beside them
Next maturity
Nov 13, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
6
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 |
|---|---|---|---|
| B••••••••• C•••••• C••• I• | $14M | 93¢ | -1 pts |
Every BDC piece · 6 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• C•••••• C••• I• | term loan first lien S••••• S•••••• T••• L•••, Due 11/13/2029 | $13.3M | $12.2M 93c | SOFR+650 bp |
| B••••••••• C•••••• C••• I• | revolver lien unstated R•••••••, Due 11/13/2029 | $464,000 | $423,000 93c | SOFR+650 bp |
| B••••••••• C•••••• C••• I• | delayed draw term loan lien unstated D•••••• D••• T••• L•••, Due 11/13/2029 | $129,000 | $119,000 94c | SOFR+650 bp |
| B••••••••• C•••••• C••• I• | notes lien unstated N•••, 11/13/2029 | $102,000 | $43,000 42c | |
| B••••••••• C•••••• C••• I• | preferred equity equity Series A P•••••••• equity | Not disclosed | Not disclosed n/a |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• C•••••• C••• I• | revolver lien unstated R••••••• | Not disclosed | Not disclosed | S+650 bp |
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 $13.3M | 93c | SOFR+650 bp | Nov 13, 2029 | 1 |
| revolver lien unstated | at least $464,000 | 93c | SOFR+650 bp | Nov 13, 2029 | 1 |
| delayed draw term loan lien unstated | at least $129,000 | 94c | SOFR+650 bp | Nov 13, 2029 | 1 |
| notes lien unstated | at least $102,000 | 42c | Nov 13, 2029 | 1 |
Equity pieces beside the debt: preferred equity (Not disclosed 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 | 1 | $14.0M | $12.8M | 93c | 0 |
| Mar 31, 2026 | 1 | $13.8M | $12.9M | 94c | 0 |
| Dec 31, 2025 | 1 | $13.9M | $12.9M | 95c | 0 |
| Sep 30, 2025 | 1 | $13.8M | $12.9M | 95c | 0 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $13.9M | $13.0M | 96c | 0 |
| Mar 31, 2025 | 1 | $13.8M | $13.0M | 96c | 0 |
| Dec 31, 2024 | 1 | $13.8M | $13.8M | 102c | 0 |
| Sep 30, 2024 | 1 | $67,000 | $67,000 | 1c | 0 |
| Jun 30, 2024 | 1 | $0 | $0 | 0c | 0 |
| Mar 31, 2024 | 1 | $13.4M | $13.4M | 103c | 0 |
| Dec 31, 2023 | 1 | $13.5M | $13.1M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Maturity shortened (observed)Jun 30, 2026
- Marked down (one lender)Mar 31, 2026
Full timeline · 15 eventsShow fewer
- Marked down (one lender)Dec 31, 2025
- Spread changed (observed)Sep 30, 2025
- Spread changed (observed)Sep 30, 2025
- Spread increasedSep 30, 2025
- Spread increasedSep 30, 2025
- Spread changed (observed)Jun 30, 2025
- Spread increasedJun 30, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- P3 ACQUISITION HOLDINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived