DFX Intelligence
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Borrower
E•••••• H•••••••• I••
Hotel, Gaming and Leisuregroup grade Aon a schedule nowsponsor unattributed
Also written as: E•••••• Buyer LLC
What matters now
- $190Mprincipal outstanding
$190M principal held by 8 lenders; matures Jun 2027.
Q2 2026 · Refinancing is due in 8 months at a 102¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
103¢ · 103¢ · 103¢ · 102¢ · 102¢Q2 2025 to Q2 2026
Where each lender marks it, 3 points apart
100¢103¢
Principal held
at least $190M
sum of BDC pieces, a lower bound
Fair value
$414M
102c on cost, debt pieces
Unfunded
$1.5M
commitments not yet drawn
BDC lenders
9
8 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Jun 1, 2027
$11.5M inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
9
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 |
|---|---|---|---|
| A••• C•••••• C••• | $51.4M | 101¢ | 0 pts |
| A••• S•••••••• I••••• F••• | $47.6M | 102¢ | 0 pts |
| S•••• P•••• C••••• C••• | $35M | 100¢ | 0 pts |
| D••••••• C••••• C• | $27.2M | 100¢ | -1 pts |
| H•• C•••••••• C•••••• S•••••••• F••• | $12.4M | 101¢ | 0 pts |
View all 8 lendersShow fewerlargest exposure first
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| S•••• P•••• C••••• I••••• F••• | $11M | 100¢ | 0 pts |
| S•••••••• P•••••• C••••• F••• L•• | $5.42M | 100¢ | 0 pts |
| S•••• S••••• L•••••• P••••••• | no principal filed | 103¢ | -1 pts |
Every BDC piece · 16 positions across 8 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $46.5M | $46.5M 101c | S+725 bp |
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $42.8M | $42.8M 102c | S+725 bp |
| S•••• P•••• C••••• C••• | term loan first lien F•••• L••• T••• L•••, Due 9/9/2031 | $35.0M | $34.6M 100c | SOFR+525 bp |
| D••••••• C••••• C• | term loan first lien F•••• L••• D••• T••• L••• I••••••• R••• 10.98% R•••••••• R••• S••• S••••• 7.25% A••••••••• | $27.2M | $27.1M 100c | SOFR+725 bp |
| S•••• P•••• C••••• I••••• F••• | term loan first lien F•••• L••• T••• L••• | $11.0M | $10.8M 100c | S+525 bp |
View all 16 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated N••••••••• I••••• | $10.6M | $10.5M 101c | S+725 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 7/28/2031 | $5.4M | $5.4M 100c | SOFR+525 bp |
| A••• C•••••• C••• | term loan second lien S••••• lien senior secured loan | $4.9M | $4.9M 100c | PIK 16.00% |
| A••• S•••••••• I••••• F••• | term loan second lien S••••• lien senior secured loan | $4.8M | $4.8M 101c | PIK 16.00% |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated N••••••••• I••••• | $1.8M | $1.8M 100c | 16.00% PIK 16.00% |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien R•••••••• Credit L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 7/28/2031 | $0 | -$1,000 17c | SOFR+50 bp |
| S•••• P•••• C••••• I••••• F••• | revolver first lien F•••• L••• R••••••• | $0 | -$19,435 101c | S+525 bp |
| S•••• S••••• L•••••• P••••••• | term loan first lien Investment F••••••••• loan ($208,376 par, due 3/2029) I•••••• A••••••••• D••• 3/8/2024, R• | Not disclosed | $212M 103c | SOFR+725 bp |
| S•••• S••••• L•••••• P••••••• | term loan second lien Investment S••••••••• loan ($11,872 par, due 6/2027) I•••••• A••••••••• D••• 3/13/2024, R• | Not disclosed | $13.1M 111c | S+1600 bp PIK 16.00% |
| S•••• P•••• C••••• C••• | revolver first lien F•••• L••• R•••••••• L•••, Due 9/9/2031 | Not disclosed | -$63,000 102c | SOFR+525 bp |
| S•••• P•••• C••••• I••••• F••• | revolver first lien F•••• L••• R•••••••• L••• | Not disclosed | Not disclosed | S+525 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 $168M | 102c | SOFR+725 bp | Sep 9, 2031 | 7 |
| other lien unstated | at least $12.3M | 101c | S+725 bp PIK 16.00% | Mar 8, 2029 | 1 |
| second lien term loan second lien | at least $9.7M | 106c | S+1600 bp PIK 16.00% | Jun 1, 2027 | 3 |
| first lien revolver first lien | at least $0 | n/a | SOFR+525 bp | Sep 9, 2031 | 3 |
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 | 8 | $190M | $414M | 102c | 4 |
| Mar 31, 2026 | 8 | $190M | $415M | 103c | 4 |
| Dec 31, 2025 | 8 | $194M | $420M | 103c | 8 |
| Sep 30, 2025 | 8 | $189M | $409M | 103c | 9 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 5 | $136M | $354M | 103c | 9 |
| Mar 31, 2025 | 5 | $134M | $347M | 103c | 9 |
| Dec 31, 2024 | 6 | $142M | $559M | 102c | 10 |
| Sep 30, 2024 | 5 | $131M | $544M | 102c | 9 |
| Jun 30, 2024 | 5 | $129M | $327M | 100c | 7 |
| Mar 31, 2024 | 4 | $116M | $361M | 100c | 5 |
| Dec 31, 2023 | 1 | $36.0M | $35.1M | 100c | 0 |
What changed
- Maturity approachingJun 1, 2027
- Spread changed (observed)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Spread changed (observed)Mar 31, 2026
- Spread changed (observed)Dec 31, 2025
Full timeline · 25 eventsShow fewer
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- PIK interest increasedMar 31, 2025
- PIK interest appearsMar 31, 2025
- Spread increasedMar 31, 2025
- PIK interest increasedMar 31, 2025
- PIK interest increasedDec 31, 2024
- PIK interest appearsSep 30, 2024
- PIK interest appearsJun 30, 2024
- Spread changed (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- New lender joined a facilityMar 31, 2024
- New lender joined a facilityMar 31, 2024
- New lender joined a facilityMar 31, 2024
- Lender left a facilityDec 31, 2023
- New borrower on a BDC scheduleDec 31, 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
- EQUINOXderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 9 BDCsderived
- Industry
- Hotel, Gaming and Leisurereportedas one filer wrote it