DFX Intelligence
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Borrower
H•••• • A••••••••• L••
Construction Materialsgroup grade Aon a schedule nowsponsor unattributed
Also written as: LLC Third Amendment; VA
Principal held
at least $49.4M
sum of BDC pieces, a lower bound
Fair value
$49.4M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
9
5 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jul 23, 2031
no dated debt inside 24 months
On the tape since
Jun 30, 2023
latest Jun 30, 2026
Events
8
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $27.2M | 100c | S+275 bp | Jul 23, 2031 | 4 |
| first lien term loan first lien | at least $22.2M | 100c | SOFR+275 bp | Jul 23, 2031 | 6 |
| first lien delayed draw term loan first lien exited Mar 31, 2026 | at least $0 | n/a | SOFR+275 bp | Jul 23, 2031 | 6 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | term loan first lien Investment Type First Lien Secured D••• - Term Loan Interest Rate S+275, 0.00% Floor Matur | $19.7M | $19.7M 100c | SOFR+275 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(M) Spread 2.75% Total Coupon 6.39% Maturity 7/23/ | $2.5M | $2.5M 100c | SOFR+275 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.0M | $2.0M 100c | S+275 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated Non-Affiliated Issuer | $2.5M | $2.5M 100c | S+275 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $5.0M | $5.0M 100c | S+275 bp |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated Non-Affiliated Issuer | $2.5M | $2.5M 100c | S+275 bp |
| H•• C•••••••• L•••••• F••• | unstated lien unstated Non-Affiliated Issuer | $15.3M | $15.3M 100c | S+275 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 | 5 | $49.4M | $49.4M | 100c | 0 |
| Mar 31, 2026 | 5 | $33.9M | $33.7M | 99c | 0 |
| Dec 31, 2025 | 5 | $49.2M | $49.3M | 100c | 0 |
| Sep 30, 2025 | 3 | $41.8M | $41.8M | 100c | 0 |
| Jun 30, 2025 | 3 | $41.9M | $42.0M | 100c | 0 |
| Mar 31, 2025 | 3 | $40.6M | $40.1M | 99c | 0 |
| Dec 31, 2024 | 2 | $38.4M | $38.7M | 101c | 0 |
| Sep 30, 2024 | 4 | $31.4M | $30.4M | 100c | 0 |
| Jun 30, 2024 | 4 | $97.2M | $97.1M | 102c | 0 |
| Mar 31, 2024 | 4 | $86.6M | $86.6M | 102c | 0 |
| Dec 31, 2023 | 2 | $76.4M | $76.4M | 103c | 0 |
| Sep 30, 2023 | 2 | $74.9M | $72.8M | 100c | 0 |
| Jun 30, 2023 | 2 | $50.4M | $49.2M | 101c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Spread changed (observed)Dec 31, 2025
- Spread changed (observed)Mar 31, 2025
- New lender joined a facilityMar 31, 2025
- Lender left a facilityDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- New lender joined a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- New lender joined a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Spread changed (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- Maturity extended (observed)Mar 31, 2024
- New lender joined a facilityMar 31, 2024
- New lender joined a facilityMar 31, 2024
- New lender joined a facilityMar 31, 2024
- New borrower on a BDC scheduleJun 30, 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
- HOBBS AND ASSOCIATESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 9 BDCsderived
- Industry
- Construction Materialsreportedas one filer wrote it