DFX Intelligence
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Borrower
S•••••• H••••••• • I•••••••• I••
Cannabisgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $2.6M
sum of BDC pieces, a lower bound
Fair value
$2.7M
105c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Jul 29, 2026
$2.6M inside 24 months
On the tape since
Sep 28, 2024
latest Jun 30, 2026
Events
5
dated, non-routine
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 $2.6M | 105c | Prime+700 bp PIK 2.00% | Jul 29, 2026 | 1 |
| delayed draw term loan lien unstated exited Dec 31, 2024 | at least $2.9M | 100c | S+700 bp PIK 2.00% | Jul 29, 2026 | 1 |
Equity pieces beside the debt: other (Not disclosed fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end, largest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• A••••••• B••• I••• | delayed draw term loan first lien F•••• L••• S••••• S•••••• F••••••• T••• D•••••• D••• T••• L••• All in R••• 16.00% B••••••• | $2.6M | $2.7M 105c | Prime+700 bp PIK 2.00% |
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 | $2.6M | $2.7M | 105c | 1 |
| Mar 31, 2026 | 1 | $2.7M | $2.8M | 105c | 1 |
| Dec 31, 2025 | 1 | $5.4M | $5.6M | 104c | 2 |
| Sep 30, 2025 | 1 | $2.8M | $2.8M | 103c | 1 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $2.8M | $2.8M | 102c | 1 |
| Mar 31, 2025 | 1 | $2.9M | $2.9M | 102c | 1 |
| Dec 31, 2024 | 1 | $5.9M | $5.8M | 100c | 2 |
| Sep 28, 2024 | 1 | $3.0M | $2.9M | n/a | 0 |
What changed
- Maturity approachingJul 29, 2026
- Maturity approachingJul 29, 2026
- Maturity approachingJul 29, 2026
- Facility left every BDC scheduleDec 31, 2024
- New borrower on a BDC scheduleSep 28, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SUBSERO ILLINOISderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Cannabisreportedas one filer wrote it