DFX Intelligence
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Borrower
S••••• U••• I••
group grade Bon a schedule nowsponsor unattributed
Also written as: CION/EagleTree; Precision Medical Inc
Principal held
at least $25.9M
sum of BDC pieces, a lower bound
Fair value
$10.4M
40c on cost, debt pieces
Unfunded
$125,000
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
2 equity pieces beside them
Next maturity
May 29, 2028
$25.9M 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 |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $20.0M | 38c | 0.00% | May 29, 2028 | 1 |
| second lien term loan second lien | at least $6.0M | 48c | 0.00% | May 29, 2028 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••• I••••••••• C••• | term loan second lien S••••• S•••••• S••••• L••• D••• | $904,000 | $342,000 | 0.00% |
| C••• I••••••••• C••• | term loan second lien S••••• S•••••• S••••• L••• D••• | $1.1M | $410,000 38c | 0.00% |
| C••• I••••••••• C••• | term loan second lien S••••• S•••••• S••••• L••• D••• | $825,000 | $829,000 100c | 0.00% |
| C••• I••••••••• C••• | term loan second lien S••••• S•••••• S••••• L••• D••• | $1.1M | $432,000 21c | 0.00% |
| C••• I••••••••• C••• | warrants equity W•••••••, H••••••••• & P••••••••• | n/a | $0 | |
| C••• I••••••••• C••• | term loan first lien S••••• S•••••• F•••• L••• D••• | $20.0M | $7.6M 38c | 0.00% |
| C••• I••••••••• C••• | term loan second lien S••••• S•••••• S••••• L••• D••• | $125,000 | $0 | |
| C••• I••••••••• C••• | unstated lien unstated | n/a | n/a | |
| C••• I••••••••• C••• | term loan second lien S••••• S•••••• S••••• L••• D••• | $125,000 | $126,000 101c | 0.00% |
| C••• I••••••••• C••• | term loan second lien S••••• S•••••• S••••• L••• D••• | $1.8M | $672,000 38c | 0.00% |
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 | $25.9M | $10.4M | 40c | 0 |
| Mar 31, 2026 | 1 | $25.9M | $10.2M | 40c | 0 |
| Dec 31, 2025 | 1 | $77.8M | $33.3M | 43c | 0 |
| Sep 30, 2025 | 1 | $25.9M | $11.1M | 43c | 0 |
| Jun 30, 2025 | 1 | $24.8M | $10.9M | 44c | 1 |
| Mar 31, 2025 | 1 | $24.0M | $12.9M | 54c | 1 |
| Dec 31, 2024 | 1 | $23.1M | $12.8M | 56c | 1 |
| Sep 30, 2024 | 1 | $22.3M | $12.3M | 56c | 1 |
| Jun 30, 2024 | 1 | $21.4M | $11.9M | 56c | 1 |
| Mar 31, 2024 | 1 | $20.7M | $11.1M | 54c | 1 |
| Dec 31, 2023 | 1 | $19.9M | $11.2M | 57c | 1 |
| Sep 30, 2023 | 1 | $19.1M | $10.8M | 57c | 1 |
| Jun 30, 2023 | 1 | $18.5M | $10.2M | 55c | 1 |
| Mar 31, 2023 | 1 | $17.8M | $9.6M | 54c | 1 |
| Dec 31, 2022 | 1 | $16.7M | $11.9M | 72c | 1 |
| Sep 30, 2022 | 1 | $16.1M | $11.6M | 72c | 0 |
| Dec 31, 2021 | 1 | $15.5M | $14.5M | 95c | 0 |
What changed
- Maturity approachingMay 29, 2028
- Maturity approachingMay 29, 2028
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Spread changed (observed)Sep 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Marked down across lendersJun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Marked down across lendersMar 31, 2023
- PIK interest increasedMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- PIK interest increasedMar 31, 2023
- Maturity extended (observed)Dec 31, 2022
- PIK interest appearsDec 31, 2022
- PIK interest appearsDec 31, 2022
- Maturity extended (observed)Dec 31, 2022
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SPINALderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived