DFX Intelligence
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Borrower
B••••••••• H•••••••• I••
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
$95,000
n/a on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
2
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 exited Sep 30, 2024 | at least $8.0M | 102c | S+450 bp | Oct 6, 2027 | 1 |
Equity pieces beside the debt: warrants ($95,000 fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| R••••• G••••• F•••••• C•••• | warrants equity W••••••• & O•••• C••••••••• R••••• Investment T••• W••••••• C••••• S•••• I•••••• A•••••••• | n/a | $50,000 125c | |
| R••••• G••••• F•••••• C•••• | warrants equity W••••••• & O•••• C••••••••• R••••• Investment T••• W••••••• C••••• S•••• I•••••• A•••••••• | n/a | $45,000 129c |
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 | $0 | $0 | n/a | 0 |
| Mar 31, 2026 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2025 | 1 | $0 | $0 | n/a | 0 |
| Sep 30, 2025 | 1 | $0 | $0 | n/a | 0 |
| Jun 30, 2025 | 1 | $0 | $0 | n/a | 0 |
| Mar 31, 2025 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2024 | 1 | $0 | $0 | n/a | 0 |
| Sep 30, 2024 | 1 | $8.0M | $8.1M | 102c | 0 |
| Jun 30, 2024 | 1 | $8.0M | $8.1M | 102c | 0 |
| Mar 31, 2024 | 1 | $8.0M | $7.9M | 101c | 0 |
| Dec 31, 2023 | 1 | $8.0M | $7.9M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- New borrower on a BDC scheduleDec 31, 2023
Sponsor
- F•••• C••••••• I••••••••• A•••• M••••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedfirstcitizens.com"••• Locked"
- S•••• L••••••
- the sponsor's own portfolio page lists a company of this nameestimatedsecfi.com"••• Locked"
Identity
- Group key
- BETTERMENTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Financial Servicesreportedas one filer wrote it