DFX Intelligence
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Borrower
S•••••••• T••
Research & Consulting Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: LLC Initial Term A Loan
Principal held
at least $4.8M
sum of BDC pieces, a lower bound
Fair value
$4.7M
98c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Apr 6, 2028
$4.8M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
4
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 $4.8M | 98c | SOFR+575 bp | Apr 6, 2028 | 2 |
| first lien revolver first lien exited Dec 31, 2021 | at least $0 | n/a | S+650 bp | unstated | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 4/6/2028 | $4.8M | $4.7M 98c | SOFR+575 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 | $4.8M | $4.7M | 98c | 0 |
| Mar 31, 2026 | 1 | $4.8M | $4.7M | 97c | 0 |
| Dec 31, 2025 | 1 | $9.7M | $9.5M | 98c | 0 |
| Sep 30, 2025 | 1 | $4.9M | $4.8M | 98c | 0 |
| Jun 30, 2025 | 1 | $4.9M | $4.7M | 96c | 0 |
| Mar 31, 2025 | 1 | $4.9M | $4.7M | 96c | 0 |
| Dec 31, 2024 | 1 | $19.6M | $18.6M | 95c | 0 |
| Sep 30, 2024 | 1 | $4.9M | $4.7M | 95c | 0 |
| Jun 30, 2024 | 1 | $4.9M | $4.7M | 96c | 0 |
| Mar 31, 2024 | 1 | $4.9M | $4.9M | 101c | 0 |
| Dec 31, 2023 | 1 | $9.9M | $9.8M | 99c | 0 |
| Dec 31, 2021 | 1 | $39.6M | $39.9M | 102c | 0 |
What changed
- Maturity approachingApr 6, 2028
- Spread changed (observed)Dec 31, 2023
- New borrower on a BDC scheduleDec 31, 2021
- Lender left a facilityDec 31, 2021
- Facility left every 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
- S•••••••• T••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Research & Consulting Servicesreportedas one filer wrote it