DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
B•••••• N••••••• U••• I••
Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: Blue Cat N••••••• USA, Inc; BLUECAT NETWORKS INC
Principal held
at least $203M
sum of BDC pieces, a lower bound
Fair value
$202M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
7
6 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Aug 8, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
15
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $151M | 101c | S+550 bp | Aug 8, 2028 | 2 |
| first lien term loan first lien | at least $52.3M | 99c | SOFR+550 bp | Aug 8, 2028 | 5 |
| first lien delayed draw term loan first lien | at least $58,000 | n/a | SOFR+550 bp | Aug 8, 2028 | 1 |
| delayed draw term loan lien unstated exited Sep 30, 2024 | at least $93.5M | 101c | S+575 bp | Aug 8, 2028 | 3 |
| second lien delayed draw term loan second lien exited Jun 30, 2024 | unknown | n/a | unstated | 3 | |
| term loan lien unstated exited Sep 30, 2024 | unknown | n/a | S+575 bp | unstated | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• P•••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 5.50% I••••••• R••• 9.25% M• | $1.5M | $1.5M 100c | SOFR+550 bp |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 5.50% I••••••• | $34,000 | $34,000 100c | SOFR+550 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 5.50% I••••••• R••• 9.25% M• | $182,000 | $181,000 99c | SOFR+550 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 5.50% I••••••• R••• 9.25% M• | $5.1M | $5.1M 100c | SOFR+550 bp |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 5.50% I••••••• | $24,000 | $23,000 96c | SOFR+550 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $12.3M | $12.3M 101c | S+550 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $69.5M | $69.5M 101c | S+550 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $8.4M | $8.4M 101c | S+550 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $56.4M | $56.4M 101c | S+550 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $236,000 | $236,000 100c | S+550 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $1.9M | $1.9M 101c | S+550 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $1.6M | $1.6M 101c | S+550 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $344,000 | $344,000 101c | S+550 bp |
| C•••••• C••••• S••••••••• I••• | term loan first lien Investment | N••••••••• I••••• | F•••• L••• D••• | $26.3M | $25.8M 99c | S+550 bp |
| C•••••• S•••••• L••••••• I••• | term loan first lien Investment | N••••••••• I••••• | F•••• L••• D••• | $19.2M | $18.9M 99c | S+550 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 | 6 | $203M | $202M | 100c | 0 |
| Mar 31, 2026 | 6 | $204M | $203M | 100c | 0 |
| Dec 31, 2025 | 6 | $204M | $202M | 100c | 0 |
| Sep 30, 2025 | 5 | $203M | $200M | 99c | 14 |
| Jun 30, 2025 | 6 | $204M | $201M | 100c | 15 |
| Mar 31, 2025 | 6 | $204M | $203M | 100c | 14 |
| Dec 31, 2024 | 6 | $411M | $408M | 100c | 22 |
| Sep 30, 2024 | 6 | $123M | $122M | 101c | 2 |
| Jun 30, 2024 | 6 | $113M | $113M | 101c | 12 |
| Mar 31, 2024 | 6 | $113M | $111M | 100c | 11 |
| Dec 31, 2023 | 5 | $131M | $128M | 99c | 10 |
| Sep 30, 2023 | 5 | $112M | $110M | 100c | 7 |
| Jun 30, 2023 | 5 | $103M | $100M | 100c | 5 |
| Mar 31, 2023 | 5 | $94.5M | $92.2M | 100c | 5 |
| Dec 31, 2022 | 5 | $97.4M | $94.8M | 100c | 4 |
| Sep 30, 2022 | 3 | $74.0M | $72.3M | 100c | 0 |
| Dec 31, 2021 | 1 | $11.5M | $11.6M | 103c | 0 |
What changed
- Spread changed (observed)Dec 31, 2025
- Spread changed (observed)Dec 31, 2025
- Spread increasedDec 31, 2025
- Spread increasedDec 31, 2025
- Spread increasedDec 31, 2025
- Spread increasedDec 31, 2025
- Spread changed (observed)Jun 30, 2025
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- Spread changed (observed)Dec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Sep 30, 2024
- Spread changed (observed)Sep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Spread changed (observed)Dec 31, 2022
- PIK interest appearsDec 31, 2022
- PIK interest appearsDec 31, 2022
- Maturity extended (observed)Sep 30, 2022
- Maturity extended (observed)Sep 30, 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
- BLUECAT NETWORKSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 3 across 7 BDCsderived
- Industry
- Softwarereportedas one filer wrote it