DFX Intelligence
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Borrower
E••• G••••• L••••••••• I••
Transportationgroup grade Aon a schedule nowsponsor unattributed
Also written as: Air; Inc.-Services: Business
Principal held
at least $77.5M
sum of BDC pieces, a lower bound
Fair value
$78.3M
102c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
10
5 on the latest quarter
Facilities
4
1 equity pieces beside them
Next maturity
Nov 23, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
6
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 $77.5M | 102c | SOFR+450 bp | Nov 23, 2028 | 3 |
| second lien term loan second lien exited Dec 31, 2025 | at least $41.1M | 101c | S+725 bp | unstated | 4 |
| other lien unstated exited Dec 31, 2022 | at least $6.6M | 94c | S+350 bp | Nov 23, 2028 | 1 |
| term loan lien unstated exited Dec 31, 2024 | at least $973,000 | 99c | Nov 23, 2028 | 1 |
Equity pieces beside the debt: equity ($2.3M fair value, 3 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | equity equity P••••••••• Equity | n/a | $966,000 182c | |
| B•••••• C•••••• I••••••••• C••• | equity equity P••••••••• Equity | n/a | $526,000 182c | |
| B•••••• P•••••• C••••• C••• | equity equity P••••••••• Equity | n/a | $815,000 182c | |
| C•••••••• L•••••• S••••••••• L•• | term loan first lien F••••••••• loan | $9.2M | $9.0M 101c | S+450 bp |
| M•• I••••••••• C•••• | term loan first lien F•••• L••• D••• R•••••••• R••• and S••••• S + 4.50% I••••••• R••• F•••• 1.50% I••••••• R•• | $68.3M | $67.0M 102c | SOFR+450 bp |
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 | 5 | $77.5M | $76.0M | 102c | 0 |
| Mar 31, 2026 | 3 | $0 | $0 | n/a | 0 |
| Dec 31, 2025 | 4 | $56.2M | $56.1M | 101c | 0 |
| Sep 30, 2025 | 4 | $48.6M | $47.8M | 100c | 0 |
| Jun 30, 2025 | 4 | $48.7M | $46.4M | 97c | 0 |
| Mar 31, 2025 | 4 | $48.7M | $48.7M | 102c | 0 |
| Dec 31, 2024 | 5 | $101M | $101M | 102c | 0 |
| Sep 30, 2024 | 4 | $58.8M | $58.8M | 102c | 0 |
| Jun 30, 2024 | 4 | $58.8M | $58.3M | 101c | 0 |
| Mar 31, 2024 | 4 | $58.9M | $58.1M | 101c | 0 |
| Dec 31, 2023 | 4 | $58.9M | $56.7M | 98c | 0 |
| Sep 30, 2023 | 4 | $59.0M | $58.2M | 101c | 0 |
| Jun 30, 2023 | 4 | $59.0M | $56.4M | 98c | 0 |
| Mar 31, 2023 | 3 | $33.5M | $32.9M | 100c | 0 |
| Dec 31, 2022 | 5 | $65.7M | $63.0M | 98c | 0 |
| Sep 30, 2022 | 1 | $9.5M | $9.1M | 97c | 0 |
| Dec 31, 2021 | 2 | $17.8M | $17.5M | 100c | 0 |
What changed
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- Facility left every BDC scheduleDec 31, 2025
- Lender left a facilityDec 31, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Facility left every BDC scheduleDec 31, 2024
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Sep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- Lender left a facilityDec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
- 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
- ECHO LOGISTICSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 10 BDCsderived
- Industry
- Transportationreportedas one filer wrote it