DFX Intelligence
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4•••••• S•••••••• A•••••• A••••••••• C••• I•
Borrower · Paper & Forest Products
No date on record · this record
group grade Aoff every schedule since Dec 31, 2025sponsor unattributed
No date on record · this record
Nothing material in the last 200 days. Last change: 31 Dec 2025, Non-accrual at 1 of 1 lender on the latest schedules.
Principal held
at least $7.6M
sum of BDC pieces, a lower bound
Fair value
$3.0M
42c 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
Nov 30, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2025
latest Dec 31, 2025
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••••• D••• S•••••••• B•• | $7.55M | 42¢ | new this quarter |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• 9.94% M••••••• D••• 11/3 | $7.6M | $3.0M 42c | 9.94% |
Capital structure as the BDCs see itlatest quarter end Dec 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2025 | at least $7.6M | 42c | 9.94% | Nov 30, 2029 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2025 | 1 | $7.6M | $3.0M | 42c | 0 |
What changed
- New borrower on a BDC scheduleDec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- 48FORTY SOLUTIONS ALPHINEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Paper & Forest Productsreportedas one filer wrote it
Position history
2 field-level changes across filed schedules, latest first
- Position exitedA••••• D••• S•••••••• B•• · from $7.6M2026-03-31
- New positionA••••• D••• S•••••••• B•• · at $7.6M2025-12-31
Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.