DFX Intelligence
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Borrower
F••••••••• L••
Software & Tech Servicesgroup grade Aoff every schedule since Mar 31, 2025sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 100¢ · 100¢ · 100¢Q1 2024 to Q1 2025
Principal held
at least $996,947
sum of BDC pieces, a lower bound
Fair value
$996,947
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Sep 18, 2025
$996,947 inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2025
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | $997K | 100¢ | 0 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | delayed draw term loan first lien US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | D•••••• D••• T••• L••• | 9.92% (S + 5.5 | $697,435 | $697,435 100c | SOFR+550 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 9.29% (S + 5.50%; 1.00% F•• | $299,512 | $299,512 100c | SOFR+550 bp |
| A• P•••••• C••••• I•••••••• C••• | revolver first lien US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | R••••••• | 9/18/2025 | $0 | $0 0c | SOFR+550 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien delayed draw term loan first lien exited Mar 31, 2025 | at least $697,435 | 100c | SOFR+550 bp | Sep 18, 2025 | 1 |
| first lien term loan first lien exited Mar 31, 2025 | at least $299,512 | 100c | SOFR+550 bp | Sep 18, 2025 | 1 |
| first lien revolver first lien exited Mar 31, 2025 | at least $0 | n/a | SOFR+550 bp | Sep 18, 2025 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2025 | 1 | $996,947 | $996,947 | 100c | 0 |
| Dec 31, 2024 | 1 | $2.0M | $2.0M | 100c | 0 |
| Sep 30, 2024 | 1 | $1.0M | $1.0M | 101c | 0 |
| Jun 30, 2024 | 1 | $1.0M | $1.0M | 101c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $1.0M | $1.0M | 101c | 0 |
| Dec 31, 2023 | 1 | $1.3M | $7.7M | 588c | 0 |
| Sep 30, 2023 | 1 | $1.0M | $1.0M | 101c | 0 |
| Dec 31, 2022 | 1 | $2.0M | $2.0M | 101c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
- Mark recoveredMar 31, 2024
- Marked down across lendersDec 31, 2023
Full timeline · 6 eventsShow fewer
- Marked down (one lender)Dec 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- FAITHLIFEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Software & Tech Servicesreportedas one filer wrote it