DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
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Borrower
S••••••• H••••••• B••
Also written as: 2023; Bridge Loan; Controlled; Electrical Engineering; Senior
Principal held
at least $18.2M
sum of BDC pieces, a lower bound
Fair value
$18.2M
100c on cost, debt pieces
Unfunded
$237,000
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
5
2 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2020
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 |
|---|---|---|---|---|---|
| revolver lien unstated | at least $11.0M | 100c | PIK 6.00% | unstated | 1 |
| term loan lien unstated | at least $7.2M | 100c | PIK 5.00% | unstated | 1 |
| unsecured or subordinated term loan unsecured or subordinated | unknown | n/a | unstated | 1 | |
| delayed draw term loan lien unstated exited Mar 31, 2025 | unknown | n/a | unstated | 1 | |
| unsecured or subordinated notes unsecured or subordinated exited Dec 31, 2022 | unknown | n/a | unstated | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | term loan lien unstated Bridge Loan | $7.2M | $7.2M 100c | PIK 5.00% |
| B•••••• B••• I••• | revolver lien unstated Revolver | $11.0M | $11.0M 100c | PIK 6.00% |
| B•••••• B••• I••• | equity equity Common Stock Series A | n/a | n/a | |
| B•••••• B••• I••• | term loan unsecured or subordinated Senior Subordinated Term Loan | n/a | n/a | |
| B•••••• B••• I••• | term loan unsecured or subordinated Senior Unsecured Term Loan | n/a | n/a | |
| B•••••• B••• I••• | equity equity Common Stock Series B | n/a | n/a |
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 | $18.2M | $18.2M | 100c | 2 |
| Mar 31, 2026 | 1 | $32.3M | $32.3M | 100c | 4 |
| Dec 31, 2025 | 1 | $27.7M | $39.3M | 144c | 3 |
| Sep 30, 2025 | 1 | $27.4M | $27.4M | 102c | 4 |
| Jun 30, 2025 | 1 | $27.2M | $27.2M | 102c | 4 |
| Mar 31, 2025 | 1 | $26.2M | $26.2M | 99c | 4 |
| Dec 31, 2024 | 1 | $50.9M | $76.4M | 147c | 6 |
| Sep 30, 2024 | 1 | $24.1M | $24.1M | 100c | 3 |
| Jun 30, 2024 | 1 | $23.5M | $23.5M | 99c | 3 |
| Mar 31, 2024 | 1 | $23.4M | $23.4M | 99c | 3 |
| Dec 31, 2023 | 1 | $23.3M | $69.9M | 300c | 3 |
| Sep 30, 2023 | 1 | $22.3M | $22.3M | 99c | 4 |
| Jun 30, 2023 | 1 | $19.0M | $19.0M | 99c | 3 |
| Mar 31, 2023 | 1 | $18.8M | $18.8M | 99c | 3 |
| Dec 31, 2022 | 1 | $18.6M | $31.1M | 166c | 3 |
| Sep 30, 2022 | 1 | $19.0M | $19.0M | 97c | 5 |
| Dec 31, 2021 | 1 | $22.3M | $44.6M | 197c | 3 |
| Dec 31, 2020 | 1 | $0 | $13.9M | n/a | 0 |
What changed
- PIK interest increasedMar 31, 2026
- PIK interest appearsMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- PIK interest increasedMar 31, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- PIK interest appearsMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
- Marked down (one lender)Mar 31, 2024
- Marked down (one lender)Mar 31, 2024
- PIK interest appearsSep 30, 2023
- PIK interest appearsSep 30, 2023
- Marked down (one lender)Mar 31, 2023
- Facility left every BDC scheduleDec 31, 2022
- Marked down (one lender)Sep 30, 2022
- Marked down (one lender)Sep 30, 2022
- PIK interest appearsSep 30, 2022
- PIK interest appearsSep 30, 2022
- New borrower on a BDC scheduleDec 31, 2020
Sponsor
- F••••
- the sponsor's own portfolio page lists a company of this nameestimatedcastik.com"AddSecure is majority-owned by F•••• managed by Castik Capital, a European private equity fund with a long-term approach to value creation, founded in 2014."
- C••••• D••••• C•••••• M••••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedcarbon-direct.com"listed on https://www.carbon-direct.com/services/carbon-credits: S••••••• (app.vanta.com)"
Identity
- Group key
- SECURITY #NLderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived