DFX Intelligence
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Borrower
S•••••• I••
Application Softwaregroup grade Bon a schedule nowsponsor unattributed
Also written as: and S•••••• I••; Inc. and
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 99¢ · 98¢ · 97¢ · 98¢Q2 2025 to Q2 2026
Principal held
at least $22.0M
sum of BDC pieces, a lower bound
Fair value
$21.5M
98c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Apr 1, 2029
no dated debt inside 24 months
On the tape since
Mar 31, 2025
latest Jun 30, 2026
Events
1
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 |
|---|---|---|---|
| H••••••• C••••••• I••• | $22M | 98¢ | +1 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, A•••• 2029, P•••• + 2.35%, F•••• rate 8.85%, PIK I••••••• 1.00%, 4.25% E•• | $22.0M | $21.5M 98c | S+235 bp PIK 1.00% |
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 $22.0M | 98c | S+235 bp PIK 1.00% | Apr 1, 2029 | 1 |
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 | $22.0M | $21.5M | 98c | 1 |
| Mar 31, 2026 | 1 | $20.2M | $19.6M | 97c | 1 |
| Dec 31, 2025 | 1 | $40.3M | $39.5M | 98c | 2 |
| Sep 30, 2025 | 1 | $20.1M | $19.8M | 99c | 1 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $20.0M | $19.9M | 100c | 1 |
| Mar 31, 2025 | 1 | $20.0M | $19.8M | 100c | 1 |
What changed
- New borrower on a BDC scheduleMar 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
- SNAPPTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Application Softwarereportedas one filer wrote it