DFX Intelligence
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Borrower
A•••• C••••
Application Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: and A•••• C••••
Principal held
at least $10.7M
sum of BDC pieces, a lower bound
Fair value
$3.3M
31c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Jun 1, 2028
$7.4M inside 24 months
On the tape since
Dec 31, 2022
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 $10.7M | 31c | S+999 bp PIK 9.99% | Jun 1, 2028 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, J••• 2028, PIK I••••••• 3-month S••• + 5.73%, F•••• rate 6.73% | $1.7M | $0 0c | S+573 bp PIK 5.73% |
| H••••••• C••••••• I••• | warrants equity W••••••, 6/5/2025, C••••• U•••• | Not disclosed | $0 | |
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, J••• 2028, PIK I••••••• 3-month S••• + 9.99%, F•••• rate 10.99% | $5.6M | $0 0c | S+999 bp PIK 9.99% |
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, D••••••• 2025, PIK I••••••• 3-month S••• + 9.99%, F•••• rate 10.99% | $3.3M | $3.3M 100c | S+999 bp PIK 9.99% |
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 | $10.7M | $3.3M | 31c | 3 |
| Mar 31, 2026 | 1 | $10.7M | $3.7M | 35c | 3 |
| Dec 31, 2025 | 1 | $21.4M | $12.5M | 59c | 3 |
| Sep 30, 2025 | 1 | $10.6M | $8.8M | 83c | 3 |
| Jun 30, 2025 | 1 | $9.8M | $7.9M | 81c | 3 |
| Mar 31, 2025 | 1 | $11.0M | $3.4M | 31c | 0 |
| Dec 31, 2024 | 1 | $22.7M | $21.1M | 94c | 0 |
| Sep 30, 2024 | 1 | $11.4M | $11.0M | 98c | 0 |
| Jun 30, 2024 | 1 | $11.5M | $11.3M | 100c | 0 |
| Mar 31, 2024 | 1 | $11.5M | $11.6M | 102c | 0 |
| Dec 31, 2023 | 1 | $29.5M | $29.3M | 101c | 0 |
| Sep 30, 2023 | 1 | $8.8M | $8.7M | 101c | 0 |
| Jun 30, 2023 | 1 | $8.5M | $8.3M | 100c | 0 |
| Mar 31, 2023 | 1 | $8.5M | $8.3M | 100c | 0 |
| Dec 31, 2022 | 1 | $8.5M | $8.2M | 99c | 0 |
What changed
- Maturity approachingJun 1, 2028
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down across lendersDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Mark recoveredJun 30, 2025
- PIK interest appearsJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- PIK interest appearsJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Marked down across lendersMar 31, 2025
- non accrual placedMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Spread changed (observed)Mar 31, 2024
- Spread increasedMar 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
- A•••• C••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Application Softwarereportedas one filer wrote it