DFX Intelligence
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Borrower
M••••••••• S••••••••• L••
Also written as: HungerRush; LLC -Revoving Credit Line
Principal held
at least $70.4M
sum of BDC pieces, a lower bound
Fair value
$56.0M
81c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
5
4 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jun 1, 2028
$70.4M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
14
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 term loan first lien | at least $67.9M | 81c | SOFR+750 bp PIK 4.50% | Jun 1, 2028 | 5 |
| first lien delayed draw term loan first lien | at least $2.5M | 78c | SOFR+300 bp PIK 4.50% | Jun 1, 2028 | 1 |
| first lien revolver first lien exited Sep 30, 2024 | at least $1.5M | 84c | S+600 bp | Jun 1, 2028 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••••• C••••• P••••••• B•• I• I••• | delayed draw term loan first lien F•••• L••• S••••• S•••••• D•••••• D••• T••• L•••, S••••••• & Services, S••••• A•••• I•••• | $2.5M | $1.9M 78c | SOFR+300 bp PIK 4.50% |
| C••••••••• C••••• P••••••• B•• I• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L•••, S••••••• & Services, S••••• A•••• I•••• S••• + 3.00% | $11.8M | $9.1M 78c | SOFR+300 bp PIK 4.50% |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 11.23% R•••••••• R• | $20.8M | $16.6M 81c | SOFR+750 bp PIK 4.50% |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 11.23% R•••••••• R• | $4.4M | $3.5M 81c | SOFR+750 bp PIK 4.50% |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 11.23% R•••••••• R• | $1.4M | $1.1M 85c | SOFR+750 bp PIK 4.50% |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 11.23% R•••••••• R• | $6.6M | $5.2M 85c | SOFR+750 bp PIK 4.50% |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 11.23% R•••••••• R• | $19.0M | $15.2M 81c | SOFR+750 bp PIK 4.50% |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 11.23% R•••••••• R• | $4.0M | $3.2M 81c | SOFR+750 bp PIK 4.50% |
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 | 4 | $70.4M | $56.0M | 81c | 8 |
| Mar 31, 2026 | 4 | $69.6M | $57.5M | 84c | 8 |
| Dec 31, 2025 | 4 | $76.6M | $68.7M | 92c | 10 |
| Sep 30, 2025 | 3 | $60.4M | $53.7M | 90c | 6 |
| Jun 30, 2025 | 4 | $67.3M | $59.9M | 90c | 8 |
| Mar 31, 2025 | 4 | $68.2M | $60.6M | 90c | 8 |
| Dec 31, 2024 | 4 | $86.2M | $77.4M | 91c | 10 |
| Sep 30, 2024 | 4 | $81.6M | $71.3M | 90c | 0 |
| Jun 30, 2024 | 4 | $81.8M | $72.0M | 91c | 0 |
| Mar 31, 2024 | 4 | $82.0M | $75.2M | 95c | 0 |
| Dec 31, 2023 | 4 | $147M | $125M | 95c | 0 |
| Sep 30, 2023 | 4 | $81.1M | $70.8M | 97c | 0 |
| Jun 30, 2023 | 4 | $80.4M | $13.7M | n/a | 0 |
| Mar 31, 2023 | 4 | $53.4M | $13.4M | n/a | 0 |
| Dec 31, 2022 | 4 | $153M | $136M | 98c | 0 |
What changed
- Maturity approachingJun 1, 2028
- Maturity approachingJun 1, 2028
- Marked down across lendersJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- New lender joined a facilityDec 31, 2025
- Spread changed (observed)Dec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- Spread changed (observed)Dec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- Facility left every BDC scheduleSep 30, 2024
- Marked down across lendersJun 30, 2024
- Marked down across lendersJun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Mark recoveredMar 31, 2024
- Marked down across lendersDec 31, 2023
Sponsor
- T•• C•••••••• G••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedcapstreet.com"••• Locked"
Identity
- Group key
- M••••••••• S••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived
- Industry
- Financial Servicesreportedas one filer wrote it