DFX Intelligence
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Borrower
W•••••••• E••••••• L••
group grade Aon a schedule nowsponsor unattributed
Also written as: W•••••••• E•••••• Holdings, LLC
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 101¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 1 points apart
100¢101¢
Principal held
at least $58.5M
sum of BDC pieces, a lower bound
Fair value
$54.9M
101c on cost, debt pieces
Unfunded
$7.6M
commitments not yet drawn
BDC lenders
6
4 on the latest quarter
Facilities
5
1 equity pieces beside them
Next maturity
Apr 1, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Jun 30, 2026
Events
15
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 |
|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $20M | 100¢ | -1 pts |
| N••••• C•••••••• D••••• L•••••• C•••• | $19.9M | 101¢ | 0 pts |
| G•••• C•••••• B••• I••• | $9.57M | 101¢ | 0 pts |
| A••• C•••••• C••• | $9.1M | 100¢ | 0 pts |
Every BDC piece · 27 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien F•••• L••• D••• 2 | $15.2M | $15.2M 100c | S+450 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien F•••• L••• D••• 1 | $6.3M | $6.3M 101c | S+450 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $3.9M | $3.9M 100c | S+450 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 1 | $3.7M | $3.7M 100c | S+450 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien F•••• L••• D••• 2 | $3.2M | $3.2M 100c | S+450 bp |
View all 27 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) 2 | $3.1M | $3.2M 100c | S+450 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | N••••••••• I••••• | $3.0M | $3.0M 101c | S+450 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 7 | N••••••••• I••••• | $2.8M | $2.8M 100c | S+450 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien F•••• L••• D••• 1 | $2.8M | $2.8M 101c | S+450 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien F•••• L••• D••• 3 | $2.7M | $2.7M 101c | S+450 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 6 | N••••••••• I••••• | $2.4M | $2.4M 101c | S+450 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) 1 | $2.4M | $2.4M 101c | S+450 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) 1 | $1.9M | $9,000 -150c | S+450 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) 4 | $1.9M | $9,000 -150c | S+450 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 2 | $1.5M | $1.5M 100c | S+450 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 4 | N••••••••• I••••• | $734,000 | $734,000 101c | S+450 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 5 | N••••••••• I••••• | $368,000 | $368,000 101c | S+450 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) 3 | $309,000 | $311,000 101c | S+450 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | N••••••••• I••••• | $293,000 | $293,000 100c | S+450 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) 2 | $120,000 | $120,000 100c | S+450 bp |
| A••• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | $0 | $0 | S+450 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 8 | N••••••••• I••••• | $0 | $0 0c | S+450 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 3 | N••••••••• I••••• | $0 | $0 0c | S+450 bp |
| A••• C•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| A••• C•••••• C••• | equity equity C•••• E units | Not disclosed | $0 | |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien D•••••• D••• L••• | Not disclosed | Not disclosed | |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien D•••••• D••• L••• | Not disclosed | Not disclosed |
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 $48.8M | 100c | S+450 bp | Apr 30, 2031 | 5 |
| first lien delayed draw term loan first lien | at least $9.7M | 101c | S+450 bp | Apr 30, 2031 | 2 |
| first lien revolver first lien | at least $0 | n/a | S+450 bp | Apr 1, 2031 | 1 |
| other lien unstated | unknown | n/a | unstated | 4 | |
| delayed draw term loan lien unstated exited Dec 31, 2025 | unknown | n/a | unstated | 3 |
Equity pieces beside the debt: equity ($0 fair value, 1 BDC)
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 | 4 | $58.5M | $54.9M | 101c | 0 |
| Mar 31, 2026 | 4 | $58.2M | $54.6M | 101c | 0 |
| Dec 31, 2025 | 4 | $58.2M | $54.4M | 100c | 0 |
| Sep 30, 2025 | 4 | $79.6M | $75.8M | 100c | 0 |
All 19 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 4 | $69.6M | $65.7M | 100c | 0 |
| Mar 31, 2025 | 4 | $50.9M | $49.6M | 100c | 0 |
| Dec 31, 2024 | 4 | $68.7M | $63.3M | 100c | 0 |
| Sep 30, 2024 | 3 | $48.0M | $46.2M | 100c | 0 |
| Jul 31, 2024 | 1 | $1.4M | $1.4M | 100c | 0 |
| Jun 30, 2024 | 3 | $44.8M | $44.8M | 100c | 0 |
| Mar 31, 2024 | 4 | $43.1M | $40.2M | 100c | 0 |
| Dec 31, 2023 | 4 | $27.9M | $27.8M | 100c | 0 |
| Sep 30, 2023 | 4 | $28.0M | $27.9M | 100c | 0 |
| Jun 30, 2023 | 4 | $28.0M | $28.0M | 100c | 0 |
| Mar 31, 2023 | 4 | $28.1M | $28.0M | 100c | 0 |
| Dec 31, 2022 | 3 | $26.4M | $26.2M | 100c | 0 |
| Sep 30, 2022 | 3 | $22.4M | $22.4M | 100c | 0 |
| Dec 31, 2021 | 1 | $19.4M | $19.4M | 100c | 0 |
| Sep 30, 2021 | 1 | $2.3M | $2.3M | 101c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2025
- Maturity extended (observed)Jun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Lender left a facilityJun 30, 2025
- Spread changed (observed)Jun 30, 2025
Full timeline · 30 eventsShow fewer
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Lender left a facilityMar 31, 2025
- Spread changed (observed)Dec 31, 2024
- Spread changed (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- Spread changed (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Maturity extended (observed)Mar 31, 2024
- Spread changed (observed)Mar 31, 2024
- Spread changed (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Spread increasedMar 31, 2024
- Spread increasedMar 31, 2024
- Spread increasedMar 31, 2024
- Spread increasedMar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 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
- W•••••••• E••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived