DFX Intelligence
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Borrower
J•••••• L••••••••• H••••••• L••
group grade Aon a schedule nowsponsor unattributed
What matters now
- $37.5Mprincipal outstanding
$37.5M principal held by 2 lenders; matures Dec 2026.
Q2 2026 · Refinancing is due in 3 months at a 100¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
100¢100¢
Principal held
at least $37.5M
sum of BDC pieces, a lower bound
Fair value
$32.1M
100c on cost, debt pieces
Unfunded
$3.6M
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
Dec 29, 2026
$37.5M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
11
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 |
|---|---|---|---|
| T•• T••• B•••• C•••••• I••••• F••• | $20.9M | 100¢ | 0 pts |
| W••••••••• F••••••• I••• | $16.6M | 101¢ | 0 pts |
Every BDC piece · 13 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| W••••••••• F••••••• I••• | term loan first lien F•••• L••• S•••••• T••• L••• One | $10.9M | $10.9M 100c | //fasb.org/us-gaap/2025#Base Rate+575 bp |
| T•• T••• B•••• C•••••• I••••• F••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan 2 | $8.0M | $4.3M 100c | S+575 bp |
| T•• T••• B•••• C•••••• I••••• F••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan 1 | $5.8M | $5.8M 100c | S+575 bp |
| T•• T••• B•••• C•••••• I••••• F••• | term loan first lien F•••• lien senior secured term loan | $3.9M | $3.9M 100c | S+575 bp |
| T•• T••• B•••• C•••••• I••••• F••• | revolver first lien F•••• lien senior secured revolving loan | $3.1M | $1.3M 100c | S+575 bp |
View all 13 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| W••••••••• F••••••• I••• | delayed draw term loan first lien F•••• L••• S•••••• D•••••• D••• L••• One | $2.3M | $2.3M 100c | //fasb.org/us-gaap/2025#Base Rate+575 bp |
| W••••••••• F••••••• I••• | delayed draw term loan first lien F•••• L••• S•••••• D•••••• D••• L••• | $2.0M | $2.0M 101c | //fasb.org/us-gaap/2025#Base Rate+575 bp |
| W••••••••• F••••••• I••• | revolver first lien F•••• L••• S•••••• R•••••••• L••• One | $525,000 | $527,000 101c | //fasb.org/us-gaap/2025#Base Rate+575 bp |
| W••••••••• F••••••• I••• | term loan first lien F•••• L••• S•••••• T••• L••• | $452,000 | $452,000 101c | //fasb.org/us-gaap/2025#Base Rate+575 bp |
| W••••••••• F••••••• I••• | revolver first lien F•••• L••• S•••••• R•••••••• L••• | $403,000 | $407,000 102c | //fasb.org/us-gaap/2025#Base Rate+575 bp |
| T•• T••• B•••• C•••••• I••••• F••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan 3 | $85,000 | $84,000 99c | S+575 bp |
| T•• T••• B•••• C•••••• I••••• F••• | unstated lien unstated | Not disclosed | Not disclosed | |
| T•• T••• B•••• C•••••• I••••• F••• | unstated lien unstated | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien delayed draw term loan first lien | at least $18.2M | 100c | //fasb.org/us-gaap/2025#Base Rate+575 bp | Dec 29, 2027 | 2 |
| first lien term loan first lien | at least $15.3M | 100c | //fasb.org/us-gaap/2025#Base Rate+575 bp | Dec 29, 2027 | 2 |
| first lien revolver first lien | at least $4.0M | 101c | //fasb.org/us-gaap/2025#Base Rate+575 bp | Dec 29, 2027 | 2 |
Equity pieces beside the debt: other (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 | 2 | $37.5M | $32.1M | 100c | 0 |
| Mar 31, 2026 | 2 | $36.4M | $28.6M | 100c | 0 |
| Dec 31, 2025 | 2 | $57.2M | $40.1M | 100c | 0 |
| Sep 30, 2025 | 2 | $35.9M | $26.6M | 100c | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $32.2M | $24.8M | 100c | 0 |
| Mar 31, 2025 | 2 | $23.7M | $23.1M | 101c | 0 |
| Dec 31, 2024 | 2 | $38.8M | $37.1M | 101c | 0 |
| Sep 30, 2024 | 2 | $24.6M | $22.7M | 101c | 0 |
| Jun 30, 2024 | 2 | $24.5M | $20.0M | 101c | 0 |
| Mar 31, 2024 | 2 | $23.7M | $20.0M | 100c | 0 |
| Dec 31, 2023 | 2 | $38.5M | $31.0M | 100c | 0 |
| Sep 30, 2023 | 2 | $15.6M | $15.4M | 100c | 0 |
| Jun 30, 2023 | 1 | $13.3M | $13.0M | 99c | 0 |
| Mar 31, 2023 | 2 | $14.8M | $14.5M | 100c | 0 |
| Dec 31, 2022 | 3 | $15.0M | $14.6M | 99c | 0 |
| Sep 30, 2022 | 1 | $11.3M | $11.1M | 100c | 0 |
| Dec 31, 2021 | 1 | $12.0M | $11.8M | 100c | 0 |
What changed
- Maturity approachingDec 29, 2027
- Maturity approachingDec 29, 2027
- Maturity approachingDec 29, 2027
- Maturity shortened (observed)Mar 31, 2026
- Maturity extended (observed)Dec 31, 2025
Full timeline · 30 eventsShow fewer
- Marked down (one lender)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Marked down (one lender)Jun 30, 2025
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Marked down (one lender)Mar 31, 2024
- Maturity shortened (observed)Mar 31, 2024
- Maturity shortened (observed)Mar 31, 2024
- Maturity shortened (observed)Mar 31, 2024
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- Mark recoveredSep 30, 2023
- Marked down (one lender)Mar 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
- JUNIPER LANDSCAPINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived