DFX Intelligence
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Borrower
D•••••• H•••••••• L••
Health Care Equipmentgroup grade Bon a schedule nowsponsor unattributed
Also written as: Class A; Health Care Equipment
What matters now
- 1 of 1 lenderon non-accrual
Non-accrual at 1 of 1 lender on the latest schedules, first placed in Q2 2024.
since Q2 2024 · Interest has stopped accruing; the lenders no longer expect to be paid in full.
FactBDC schedules of investments, 30 Jun 2026For restructuring advisers, special situations funds, the lenders' LPsSee every lender → - 22¢ → 24¢consensus mark
Consensus mark 24¢ on cost, up from 22¢ a year ago, 24¢ last quarter.
Q2 2026 · The lenders' own valuations moved back up.
Derived1 of 1 lender' own marks, weighted by principal - $43.6Mprincipal outstanding
$43.6M principal held by 1 lender; matures Feb 2027.
Q2 2026 · Refinancing is due in 4 months at a 24¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
22¢ · 24¢ · 24¢ · 24¢ · 24¢Q2 2025 to Q2 2026
Principal held
at least $43.6M
sum of BDC pieces, a lower bound
Fair value
$5.9M
20c on cost, debt pieces
Unfunded
$1.2M
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
2 equity pieces beside them
Next maturity
Feb 4, 2027
$43.6M inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2026
Events
19
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 |
|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | $43.6M | 24¢ | 0 pts |
Every BDC piece · 16 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 1 | $30.7M | $5.5M 24c | S+1100 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 7 | $2.2M | $391,000 22c | S+1100 bp |
| O•••••• S•••••••• L•••••• C••• | term loan unsecured or subordinated S••••••••• D••• T••• L••• 4 | $2.0M | $0 | PIK 10.00% |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 4 | $1.4M | $244,000 23c | S+1100 bp |
| O•••••• S•••••••• L•••••• C••• | term loan unsecured or subordinated S••••••••• D••• T••• L••• 2 | $1.1M | $0 | PIK 10.00% |
View all 16 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | term loan unsecured or subordinated S••••••••• D••• T••• L••• 3 | $1.1M | $0 | PIK 10.00% |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 5 | $1.1M | $200,000 23c | S+1100 bp |
| O•••••• S•••••••• L•••••• C••• | term loan unsecured or subordinated S••••••••• D••• T••• L••• 1 | $864,000 | $0 0c | PIK 10.00% |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 2 | $854,000 | $154,000 24c | S+1100 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 3 | $844,000 | $152,000 23c | S+1100 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 8 | $498,000 | $90,000 21c | S+1100 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 10 | $495,000 | $89,000 22c | S+1100 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 6 | $399,000 | $72,000 23c | S+1100 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 9 | $0 | $-1.0M | S+1100 bp |
| O•••••• S•••••••• L•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| O•••••• S•••••••• L•••••• C••• | warrants equity W••••••• | Not disclosed | $0 0c |
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 $38.5M | 20c | S+1100 bp | Feb 4, 2027 | 1 |
| unsecured or subordinated term loan unsecured or subordinated | at least $5.1M | 0c | PIK 10.00% | Feb 4, 2027 | 1 |
| first lien delayed draw term loan first lien exited Sep 30, 2022 | at least $0 | n/a | S+900 bp PIK 2.00% | unstated | 1 |
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 | $43.6M | $5.9M | 20c | 4 |
| Mar 31, 2026 | 1 | $42.2M | $5.9M | 20c | 4 |
| Dec 31, 2025 | 1 | $40.8M | $5.9M | 20c | 4 |
| Sep 30, 2025 | 1 | $39.3M | $5.9M | 20c | 4 |
All 16 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $36.9M | $5.5M | 18c | 4 |
| Mar 31, 2025 | 1 | $35.2M | $6.1M | 21c | 4 |
| Dec 31, 2024 | 1 | $32.6M | $20.9M | 74c | 11 |
| Sep 30, 2024 | 1 | $31.2M | $26.3M | 97c | 9 |
| Jun 30, 2024 | 1 | $26.5M | $22.7M | 94c | 6 |
| Mar 31, 2024 | 1 | $21.4M | $20.3M | 97c | 2 |
| Dec 31, 2023 | 1 | $21.4M | $21.3M | 102c | 1 |
| Sep 30, 2023 | 1 | $21.4M | $21.3M | 102c | 1 |
| Jun 30, 2023 | 1 | $21.4M | $21.3M | 103c | 1 |
| Mar 31, 2023 | 1 | $25.4M | $25.4M | 103c | 1 |
| Dec 31, 2022 | 1 | $21.5M | $21.4M | 105c | 1 |
| Sep 30, 2022 | 1 | $48.8M | $45.7M | 100c | 3 |
What changed
- Maturity approachingFeb 4, 2027
- Maturity approachingFeb 4, 2027
- Maturity approachingFeb 4, 2027
- Maturity approachingFeb 4, 2027
- Maturity approachingFeb 4, 2027
Full timeline · 30 eventsShow fewer
- Maturity approachingFeb 4, 2027
- Maturity shortened (observed)Sep 30, 2025
- Marked down across lendersMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down across lendersDec 31, 2024
- Marked down across lendersDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Spread increasedSep 30, 2024
- Marked down across lendersJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- PIK interest increasedJun 30, 2024
- Mark recoveredJun 30, 2024
- non accrual placedJun 30, 2024
- Marked down (one lender)Jun 30, 2024
- PIK interest increasedJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- PIK interest appearsMar 31, 2024
- PIK interest increasedMar 31, 2024
- Marked down (one lender)Mar 31, 2024
- PIK interest appearsMar 31, 2024
- PIK interest increasedMar 31, 2024
- New borrower on a BDC scheduleSep 30, 2022
- Facility left every BDC scheduleSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- DIALYZEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Health Care Equipmentreportedas one filer wrote it