DFX Intelligence
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Borrower
M•••••• G•••• I••
group grade Bon a schedule nowsponsor unattributed
Principal held
at least $82.8M
sum of BDC pieces, a lower bound
Fair value
$68.1M
83c 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
Jun 23, 2028
$82.8M inside 24 months
On the tape since
Jun 30, 2024
latest Jun 30, 2026
Events
2
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $82.8M | 83c | S+700 bp PIK 3.25% | Jun 23, 2028 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $52.0M | $42.7M 83c | S+700 bp PIK 3.25% |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $12.5M | $10.2M 82c | S+700 bp PIK 3.25% |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $4.6M | $3.8M 82c | S+700 bp PIK 3.25% |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $13.8M | $11.3M 82c | S+700 bp PIK 3.25% |
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 | $82.8M | $68.1M | 83c | 4 |
| Mar 31, 2026 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2025 | 1 | $81.5M | $67.5M | 83c | 4 |
| Sep 30, 2025 | 1 | $80.8M | $67.4M | 84c | 4 |
| Jun 30, 2025 | 1 | $80.1M | $67.1M | 84c | 4 |
| Mar 31, 2025 | 1 | $79.5M | $73.7M | 93c | 4 |
| Dec 31, 2024 | 1 | $158M | $148M | 95c | 4 |
| Sep 30, 2024 | 1 | $78.8M | $74.4M | 95c | 0 |
| Jun 30, 2024 | 1 | $79.0M | $76.5M | 98c | 0 |
What changed
- Maturity approachingJun 23, 2028
- Marked down (one lender)Jun 30, 2025
- Spread increasedDec 31, 2024
- PIK interest appearsDec 31, 2024
- New borrower on a BDC scheduleJun 30, 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
- MARCONEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived