DFX Intelligence
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Borrower
A•••••••• T•••••••• G••••
Principal held
at least $20.1M
sum of BDC pieces, a lower bound
Fair value
$19.6M
100c on cost, debt pieces
Unfunded
$12.4M
commitments not yet drawn
BDC lenders
5
3 on the latest quarter
Facilities
5
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
6
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 $18.8M | 100c | S+475 bp | unstated | 3 |
| revolver lien unstated | at least $1.2M | 100c | S+475 bp | unstated | 3 |
| delayed draw term loan lien unstated | unknown | n/a | S+475 bp | unstated | 4 |
| unsecured or subordinated subordinated debt unsecured or subordinated exited Mar 31, 2026 | at least $14.7M | 99c | 7.00% PIK 7.00% | Jun 30, 2027 | 2 |
| other lien unstated exited Sep 30, 2025 | at least $6.2M | 100c | 7.00% PIK 7.00% | Jun 30, 2027 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $7.2M | $7.1M 100c | S+475 bp |
| B•••••• B••• I••• | revolver lien unstated R••••••• | $471,000 | $448,000 100c | S+475 bp |
| B•••••• B••• I••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | n/a | n/a | S+475 bp |
| B•••••• C•••••• I••••••••• C••• | revolver lien unstated R••••••• | $188,000 | $179,000 100c | S+475 bp |
| B•••••• C•••••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | n/a | n/a | S+475 bp |
| B•••••• C•••••• I••••••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $2.9M | $2.8M 100c | S+475 bp |
| B•••••• P•••••• C••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | n/a | n/a | S+475 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $8.7M | $8.5M 100c | S+475 bp |
| B•••••• P•••••• C••••• C••• | revolver lien unstated R••••••• | $565,000 | $538,000 100c | S+475 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 | 3 | $20.1M | $19.6M | 100c | 0 |
| Mar 31, 2026 | 4 | $28.5M | $28.1M | 99c | 2 |
| Dec 31, 2025 | 5 | $28.1M | $27.7M | 99c | 2 |
| Sep 30, 2025 | 4 | $27.8M | $27.5M | 100c | 2 |
| Jun 30, 2025 | 4 | $26.4M | $25.8M | 98c | 2 |
| Mar 31, 2025 | 4 | $26.2M | $25.4M | 98c | 2 |
| Dec 31, 2024 | 4 | $51.9M | $50.0M | 97c | 4 |
| Sep 30, 2024 | 4 | $27.8M | $27.1M | 98c | 8 |
| Jun 30, 2024 | 4 | $27.5M | $26.7M | 98c | 3 |
| Mar 31, 2024 | 2 | $18.5M | $17.7M | 96c | 0 |
| Dec 31, 2023 | 3 | $18.5M | $17.8M | 97c | 0 |
| Sep 30, 2023 | 2 | $18.5M | $18.0M | 98c | 0 |
| Jun 30, 2023 | 2 | $18.6M | $18.3M | 99c | 0 |
| Mar 31, 2023 | 2 | $19.0M | $18.6M | 99c | 0 |
| Dec 31, 2022 | 2 | $19.0M | $18.6M | 99c | 0 |
| Sep 30, 2022 | 1 | $4.0M | $3.9M | 100c | 0 |
| Dec 31, 2021 | 1 | $4.0M | $3.9M | 99c | 0 |
What changed
- New lender joined a facilityJun 30, 2026
- Mark recoveredJun 30, 2026
- Facility left every BDC scheduleMar 31, 2026
- New lender joined a facilityDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Facility left every BDC scheduleSep 30, 2025
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- PIK interest appearsSep 30, 2024
- PIK interest increasedSep 30, 2024
- PIK interest appearsSep 30, 2024
- PIK interest appearsSep 30, 2024
- Spread changed (observed)Dec 31, 2022
- New lender joined a facilityDec 31, 2022
- Spread increasedDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
- Q••••• M••••••••• I•••
- the sponsor's own portfolio page lists a company of this nameestimatedprnewswire.com"••• Locked"
Identity
- Group key
- ARMSTRONG TRANSPORTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived