DFX Intelligence
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Borrower
M•• S••••••• L•• R••• E••••• M•••• • D•••••••••
group grade Aoff every schedule since Sep 30, 2025sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2025, $15.8M principal held by 1 lender; matures Feb 2027.
Mark path, consensus per quarter end
97¢ · 100¢ · 99¢ · 100¢ · 100¢Q4 2022 to Q3 2025
Principal held
at least $15.8M
sum of BDC pieces, a lower bound
Fair value
$15.7M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Feb 10, 2027
$15.8M inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2025
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | $15.8M | 100¢ | 0 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• R••• 8.75% R•••••••• R••• and S••••• S + 4.75% M•••• | $15.8M | $15.7M 100c | SOFR+475 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2025 | at least $15.8M | 100c | SOFR+475 bp | Feb 10, 2027 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2025 | 1 | $15.8M | $15.7M | 100c | 0 |
| Jun 30, 2025 | 1 | $15.8M | $15.7M | 100c | 0 |
| Mar 31, 2025 | 1 | $15.9M | $15.7M | 99c | 0 |
| Dec 31, 2024 | 1 | $15.9M | $15.9M | 100c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $43.9M | $41.9M | 96c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2025
- Maturity extended (observed)Dec 31, 2024
- Spread changed (observed)Dec 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
- MRI SOFTWARE REAL ESTATE MGMT AND DEVELOPMENTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived