DFX Intelligence
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Borrower
A•• G•••• O•••
group grade Con a schedule nowsponsor unattributed
Also written as: LLC ADS Group Topco, LLC; LLC Pluto Aggregator, LLC; Priority
What matters now
- 81¢ → 98¢consensus mark
Consensus mark 98¢ on cost, up from 81¢ a year ago, 97¢ last quarter.
Q2 2026 · The lenders' own valuations moved back up.
Derived1 of 1 lender' own marks, weighted by principal - $13.6Mprincipal outstanding
$13.6M principal held by 1 lender; matures Dec 2027.
Q2 2026 · Refinancing is due in 15 months at a 98¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
81¢ · 82¢ · 91¢ · 97¢ · 98¢Q2 2025 to Q2 2026
Principal held
at least $13.6M
sum of BDC pieces, a lower bound
Fair value
$13.5M
98c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Dec 31, 2027
$13.6M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
9
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| S•••••• C•••••• I••••••••• C••• | $13.6M | 98¢ | +1 pts |
Every BDC piece · 7 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••• C•••••• I••••••••• C••• | term loan lien unstated T••• L••• (S••• II) | $13.6M | $13.3M 98c | 5.00% PIK 5.00% |
| S•••••• C•••••• I••••••••• C••• | revolver lien unstated R••••••• (S••• II) | $16,097 | $32,194 200c | 5.00% PIK 5.00% |
| S•••••• C•••••• I••••••••• C••• | equity equity C•••• B U•••• | Not disclosed | Not disclosed n/a | |
| S•••••• C•••••• I••••••••• C••• | equity equity C•••• D U•••• | Not disclosed | Not disclosed | |
| S•••••• C•••••• I••••••••• C••• | equity equity C•••• Y U•••• | Not disclosed | $116,613 71c |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••• C•••••• I••••••••• C••• | equity equity C•••• A U•••• | Not disclosed | Not disclosed n/a | |
| S•••••• C•••••• I••••••••• C••• | equity equity C•••• Z U•••• | Not disclosed | Not disclosed n/a |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
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 | $13.6M | $13.4M | 98c | 2 |
| Mar 31, 2026 | 1 | $13.4M | $13.0M | 97c | 2 |
| Dec 31, 2025 | 1 | $13.1M | $11.9M | 91c | 3 |
| Sep 30, 2025 | 1 | $12.9M | $10.6M | 83c | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $12.9M | $10.4M | 81c | 0 |
| Mar 31, 2025 | 1 | $12.9M | $9.9M | 78c | 0 |
| Dec 31, 2024 | 1 | $12.9M | $10.5M | 82c | 0 |
| Sep 30, 2024 | 1 | $13.5M | $11.7M | 88c | 0 |
| Jun 30, 2024 | 1 | $14.3M | $13.6M | 96c | 0 |
| Mar 31, 2024 | 1 | $14.3M | $14.3M | 100c | 0 |
| Dec 31, 2023 | 1 | $14.3M | $14.3M | 101c | 0 |
| Sep 30, 2023 | 1 | $14.4M | $14.4M | 101c | 0 |
| Jun 30, 2023 | 1 | $14.5M | $14.3M | 100c | 0 |
| Mar 31, 2023 | 1 | $14.5M | $14.2M | 99c | 0 |
| Dec 31, 2022 | 1 | $14.7M | $13.9M | 96c | 0 |
| Sep 30, 2022 | 1 | $14.7M | $0 | n/a | 0 |
| Dec 31, 2021 | 1 | $14.9M | $14.5M | 99c | 0 |
What changed
- Maturity approachingDec 31, 2027
- Maturity approachingDec 31, 2027
- Mark recoveredMar 31, 2026
- PIK interest appearsDec 31, 2025
- Mark recoveredDec 31, 2025
Full timeline · 13 eventsShow fewer
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- Marked down across lendersDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Marked down across lendersSep 30, 2024
- Marked down (one lender)Sep 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- A•• G•••• O•••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived