DFX Intelligence
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Borrower
R••••••• M•••••• S••••• L••
group grade Aoff every schedule since Dec 31, 2025sponsor unattributed
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
n/a
n/a on cost, debt pieces
Unfunded
$0
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2025
Events
14
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Dec 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2025 | at least $20.9M | 100c | S+600 bp | Apr 8, 2027 | 2 |
| first lien revolver first lien exited Sep 30, 2025 | at least $2.3M | 100c | S+600 bp | Apr 8, 2027 | 2 |
| first lien delayed draw term loan first lien exited Dec 31, 2024 | at least $140,000 | 100c | S+675 bp | Apr 8, 2025 | 2 |
Equity pieces beside the debt: other (n/a fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T•• T••• B•••• C•••••• I••••• F••• | unstated lien unstated | n/a | n/a |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2025 | 1 | $0 | $0 | n/a | 0 |
| Sep 30, 2025 | 1 | $23.2M | $23.1M | 100c | 0 |
| Jun 30, 2025 | 1 | $23.3M | $22.9M | 100c | 0 |
| Mar 31, 2025 | 1 | $23.3M | $22.7M | 100c | 0 |
| Dec 31, 2024 | 1 | $5.4M | $5.4M | 100c | 0 |
| Sep 30, 2024 | 1 | $4.7M | $4.4M | 100c | 0 |
| Jun 30, 2024 | 1 | $4.7M | $3.9M | 100c | 0 |
| Mar 31, 2024 | 1 | $4.7M | $3.9M | 100c | 0 |
| Dec 31, 2023 | 1 | $1.2M | $1.1M | 100c | 0 |
| Sep 30, 2023 | 1 | $1.2M | $1.1M | 100c | 0 |
| Mar 31, 2023 | 1 | $954,000 | $847,000 | 101c | 0 |
| Dec 31, 2022 | 2 | $956,000 | $849,000 | 101c | 0 |
What changed
- Lender left a facilitySep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
- Lender left a facilitySep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
- Spread changed (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Spread changed (observed)Dec 31, 2024
- Lender left a facilityDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Spread increasedDec 31, 2024
- Spread changed (observed)Jun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)Sep 30, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- R••••••• M•••••• S•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived