DFX Intelligence
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Borrower
C•••••• G••••• L••
Media: Diversified & Productiongroup grade Aon a schedule nowsponsor unattributed
Also written as: 1; 2024; 2025
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 101¢ · 101¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 1 points apart
100¢101¢
Principal held
at least $110M
sum of BDC pieces, a lower bound
Fair value
$103M
100c on cost, debt pieces
Unfunded
$12.9M
commitments not yet drawn
BDC lenders
15
6 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Dec 1, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
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 |
|---|---|---|---|
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | $49.9M | 101¢ | 0 pts |
| F• K•• C•••••• C••• | $21.6M | 100¢ | -1 pts |
| K•• F• I••••• T•••• S••••• | $11.6M | 100¢ | -1 pts |
| K•• F• I••••• T•••• | $10.5M | 100¢ | -1 pts |
| O•• S••••• P•••••• L•••••• F••• •• L•• | $10.4M | 101¢ | 0 pts |
View all 6 lendersShow fewerlargest exposure first
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| K•• E••••••• U• D••••• L•••••• F••••• I••• | $6.19M | no cost filed | no comparable mark |
Every BDC piece · 17 positions across 6 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien F•••• L••• D••• | $43.8M | $43.8M 101c | S+425 bp |
| F• K•• C•••••• C••• | unstated lien unstated | $17.3M | $17.3M 100c | S+430 bp |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | $10.8M | $10.8M 100c | S+430 bp |
| K•• F• I••••• T•••• | unstated lien unstated | $9.8M | $9.8M 100c | S+430 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien F•••• L••• D••• | $9.4M | $9.4M 101c | S+425 bp |
View all 17 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien F•••• L••• D••• | $6.1M | $0 0c | S+425 bp |
| K•• E••••••• U• D••••• L•••••• F••••• I••• | unstated lien unstated | $5.8M | $5.8M | S+425 bp |
| F• K•• C•••••• C••• | unstated lien unstated | $4.3M | $4.3M 100c | S+430 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien F•••• L••• D••• | $1.0M | $0 0c | S+425 bp |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | $790,000 | $790,000 100c | S+430 bp |
| K•• F• I••••• T•••• | unstated lien unstated | $718,000 | $718,000 100c | S+430 bp |
| K•• E••••••• U• D••••• L•••••• F••••• I••• | unstated lien unstated | $422,000 | $0 | S+425 bp |
| F• K•• C•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| K•• F• I••••• T•••• | unstated lien unstated | Not disclosed | Not disclosed | |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | Not disclosed | Not disclosed | |
| O•• S••••• P•••••• L•••••• F••• •• L•• | revolver lien unstated 2025 R••••••• | Not disclosed | Not disclosed | |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | revolver lien unstated 2025 R••••••• | 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 $60.3M | 101c | S+425 bp | Dec 3, 2029 | 8 |
| other lien unstated | at least $49.9M | 100c | S+430 bp | Dec 1, 2029 | 9 |
| revolver lien unstated | unknown | n/a | unstated | 4 | |
| first lien revolver first lien exited Jun 30, 2024 | at least $6.9M | 100c | S+500 bp | Dec 1, 2027 | 7 |
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 | 6 | $110M | $103M | 106c | 0 |
| Mar 31, 2026 | 6 | $110M | $103M | 107c | 0 |
| Dec 31, 2025 | 6 | $170M | $156M | 105c | 0 |
| Sep 30, 2025 | 6 | $110M | $103M | 107c | 0 |
All 15 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 6 | $152M | $145M | 105c | 0 |
| Mar 31, 2025 | 4 | $58.0M | $56.3M | 111c | 0 |
| Dec 31, 2024 | 4 | $143M | $138M | 105c | 0 |
| Sep 30, 2024 | 4 | $58.3M | $57.2M | 111c | 0 |
| Jun 30, 2024 | 6 | $236M | $235M | 102c | 6 |
| Mar 31, 2024 | 12 | $2.7B | $2.7B | 102c | 11 |
| Dec 31, 2023 | 12 | $2.8B | $2.8B | 101c | 12 |
| Sep 30, 2023 | 11 | $2.6B | $2.5B | 101c | 9 |
| Jun 30, 2023 | 12 | $2.6B | $2.5B | 101c | 9 |
| Mar 31, 2023 | 10 | $2.3B | $2.3B | 100c | 8 |
| Dec 31, 2022 | 6 | $0 | $0 | n/a | 0 |
What changed
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Spread changed (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
Full timeline · 30 eventsShow fewer
- Spread changed (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- New lender joined a facilityDec 31, 2024
- Spread changed (observed)Jun 30, 2024
- Lender left a facilityJun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Lender left a facilityJun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- PIK interest appearsJun 30, 2024
- Lender left a facilityMar 31, 2024
- Lender left a facilityMar 31, 2024
- Lender left a facilityMar 31, 2024
- Lender left a facilityMar 31, 2024
- PIK interest appearsMar 31, 2024
- Lender left a facilityMar 31, 2024
- Lender left a facilityMar 31, 2024
- Spread increasedDec 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- CIRCANAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 15 BDCsderived
- Industry
- Media: Diversified & Productionreportedas one filer wrote it