DFX Intelligence
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Borrower
L••••••• L•••••• H•••••••• L••
Business Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Undrawn Commitment
Principal held
at least $13.6M
sum of BDC pieces, a lower bound
Fair value
$11.1M
81c on cost, debt pieces
Unfunded
$6,000
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Apr 12, 2027
$13.6M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
9
dated, non-routine
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 $13.6M | 81c | S+100 bp PIK 6.75% | Apr 12, 2027 | 2 |
| second lien revolver second lien | unknown | n/a | unstated | 2 |
Equity pieces beside the debt: other (n/a fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | term loan first lien Investment | N••••••••• I••••• | F•••• L••• D••• | $9.1M | $7.4M 81c | S+100 bp PIK 6.75% |
| C•••••• C••••• S••••••••• I••• | revolver second lien Investments | N••••••••• I••••• | F•••• and S••••• L••• D••• | R••••••• | n/a | n/a | |
| C•••••• S•••••• L••••••• I••• | term loan first lien Investment | N••••••••• I••••• | F•••• L••• D••• | $4.5M | $3.7M 81c | S+100 bp PIK 6.75% |
| C•••••• S•••••• L••••••• I••• | revolver second lien Investments | N••••••••• | F•••• and S••••• L••• D••• | R••••••• | 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 | 2 | $13.6M | $11.1M | 81c | 2 |
| Mar 31, 2026 | 2 | $13.4M | $11.5M | 86c | 2 |
| Dec 31, 2025 | 2 | $13.2M | $11.6M | 88c | 1 |
| Sep 30, 2025 | 2 | $12.9M | $11.4M | 88c | 2 |
| Jun 30, 2025 | 2 | $12.8M | $11.1M | 87c | 2 |
| Mar 31, 2025 | 3 | $12.4M | $10.9M | 88c | 2 |
| Dec 31, 2024 | 3 | $41.2M | $37.7M | 92c | 0 |
| Sep 30, 2024 | 3 | $12.2M | $11.1M | 91c | 0 |
| Jun 30, 2024 | 3 | $12.2M | $11.3M | 94c | 0 |
| Mar 31, 2024 | 3 | $12.2M | $11.2M | 93c | 0 |
| Dec 31, 2023 | 3 | $154M | $142M | 93c | 0 |
| Sep 30, 2023 | 3 | $77.3M | $71.4M | 93c | 0 |
| Jun 30, 2023 | 3 | $77.5M | $70.7M | 92c | 0 |
| Mar 31, 2023 | 3 | $77.7M | $73.6M | 96c | 0 |
| Dec 31, 2022 | 3 | $104M | $97.4M | 95c | 0 |
| Sep 30, 2022 | 1 | $26.0M | $24.6M | 96c | 0 |
| Mar 31, 2022 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2021 | 1 | $26.2M | $24.0M | 93c | 0 |
What changed
- Maturity approachingApr 12, 2027
- Maturity approachingApr 12, 2027
- Maturity approachingApr 12, 2027
- PIK interest appearsMar 31, 2026
- Maturity extended (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Spread changed (observed)Dec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Maturity shortened (observed)Mar 31, 2024
- Maturity shortened (observed)Mar 31, 2024
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- LIFELONG LEARNERderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Business Servicesreportedas one filer wrote it