DFX Intelligence
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Borrower
T•••• C••••••
group grade Bon a schedule nowsponsor unattributed
Also written as: LLC Healthcare Product; LLC Healthcare Products S; LLC. Healthcare Products
Principal held
at least $18.0M
sum of BDC pieces, a lower bound
Fair value
$20.5M
107c on cost, debt pieces
Unfunded
$1.8M
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
4
2 equity pieces beside them
Next maturity
Mar 4, 2027
$18.0M 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 $14.1M | 100c | SOFR+775 bp | Mar 4, 2027 | 1 |
| unsecured or subordinated subordinated debt unsecured or subordinated | at least $3.4M | 135c | PIK 4.50% | Sep 4, 2027 | 1 |
| revolver lien unstated | at least $500,000 | 101c | SOFR+775 bp | Mar 4, 2027 | 1 |
| delayed draw term loan lien unstated exited Dec 31, 2022 | unknown | n/a | S+775 bp | Mar 4, 2027 | 1 |
Equity pieces beside the debt: preferred equity ($1.3M fair value, 1 BDC), other ($18.5M fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• I••••••••• C••• | subordinated debt unsecured or subordinated S••••••••• D••• R••• C••• 10.00% R••• PIK 4.50% Investment date 3/4/2022 M••••••• 9/4/2027 | $3.4M | $4.6M 135c | PIK 4.50% |
| F•••• I••••••••• C••• | preferred equity equity P•••••••• Equity (1,000 units) Investment date 3/4/2022 | n/a | $1.3M 129c | |
| F•••• I••••••••• C••• | term loan first lien F•••• L••• D••• V••••••• I•••• S••••• (S + 7.75%) V••••••• I•••• F•••• (1.00%) R••• C••• 1 | $14.1M | $14.1M 100c | SOFR+775 bp |
| F•••• I••••••••• C••• | revolver lien unstated R•••••••• L••• ($1,750 unfunded commitment) V••••••• I•••• S••••• (S + 7.75%) R••• C••• 11 | $500,000 | $500,000 101c | SOFR+775 bp |
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 | $18.0M | $19.2M | 107c | 1 |
| Mar 31, 2026 | 1 | $18.0M | $19.1M | 107c | 1 |
| Dec 31, 2025 | 1 | $35.8M | $36.4M | 102c | 3 |
| Sep 30, 2025 | 1 | $17.4M | $17.6M | 102c | 1 |
| Jun 30, 2025 | 1 | $17.3M | $17.7M | 102c | 1 |
| Mar 31, 2025 | 1 | $17.2M | $17.7M | 103c | 1 |
| Dec 31, 2024 | 1 | $53.0M | $53.9M | 102c | 2 |
| Sep 30, 2024 | 1 | $18.6M | $19.1M | 103c | 1 |
| Jun 30, 2024 | 1 | $18.6M | $18.8M | 102c | 1 |
| Mar 31, 2024 | 1 | $18.5M | $18.4M | 100c | 1 |
| Dec 31, 2023 | 1 | $18.5M | $18.3M | 100c | 1 |
| Sep 30, 2023 | 1 | $18.4M | $18.9M | 103c | 1 |
| Jun 30, 2023 | 1 | $18.4M | $18.9M | 103c | 1 |
| Mar 31, 2023 | 1 | $18.3M | $18.6M | 102c | 1 |
| Dec 31, 2022 | 1 | $19.9M | $20.9M | 106c | 1 |
What changed
- Maturity approachingSep 4, 2027
- Maturity approachingSep 4, 2027
- Maturity approachingMar 4, 2027
- Maturity approachingMar 4, 2027
- Maturity approachingMar 4, 2027
- Maturity approachingMar 4, 2027
- Maturity approachingMar 4, 2027
- Maturity approachingMar 4, 2027
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Maturity shortened (observed)Mar 31, 2025
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Spread changed (observed)Jun 30, 2024
- Spread increasedJun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Marked down (one lender)Dec 31, 2023
- Marked down (one lender)Mar 31, 2023
- Facility left every BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TEDIAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived