DFX Intelligence
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Borrower
A••••••••• I••
Software & Servicesgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $8.3M
sum of BDC pieces, a lower bound
Fair value
$7.8M
97c on cost, debt pieces
Unfunded
$186,000
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Jul 26, 2027
$8.3M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
22
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 $8.1M | 98c | SOFR+700 bp PIK 2.00% | Jul 31, 2027 | 3 |
| first lien revolver first lien | at least $186,000 | n/a | S+700 bp | Jul 31, 2027 | 3 |
Equity pieces beside the debt: other (n/a fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• R••••••• C••••••••• E••••••••• D••• 7/26/2027 | n/a | n/a | |
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• U••••••••• F•••• L••• R••••••• I••••••• T••• I••••••• R••• M•••••••/ D•••• | n/a | $-17,000 1700c | S+700 bp |
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• U••••••••• F•••• L••• T••• L••• I••••••• T••• S + 700 (200 PIK), 100 F•••• | $5.9M | $5.7M 97c | SOFR+700 bp PIK 2.00% |
| T•• T••• B•••• C•••••• I••••• F••• | unstated lien unstated | n/a | n/a | |
| T•• T••• B•••• C•••••• I••••• F••• | revolver first lien F•••• lien senior secured revolving loan | $186,000 | $-1,000 100c | S+700 bp |
| T•• T••• B•••• C•••••• I••••• F••• | term loan first lien F•••• lien senior secured term loan | $2.2M | $2.2M 100c | S+700 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 | 2 | $8.3M | $7.8M | 97c | 1 |
| Mar 31, 2026 | 2 | $8.3M | $7.9M | 98c | 1 |
| Dec 31, 2025 | 2 | $10.7M | $10.1M | 99c | 1 |
| Sep 30, 2025 | 2 | $8.6M | $8.2M | 98c | 1 |
| Jun 30, 2025 | 2 | $8.6M | $8.2M | 98c | 1 |
| Mar 31, 2025 | 2 | $8.6M | $8.2M | 98c | 2 |
| Dec 31, 2024 | 2 | $14.7M | $14.0M | 98c | 2 |
| Sep 30, 2024 | 2 | $8.7M | $8.5M | 99c | 0 |
| Jun 30, 2024 | 2 | $8.6M | $8.3M | 100c | 0 |
| Mar 31, 2024 | 2 | $8.6M | $8.4M | 100c | 0 |
| Dec 31, 2023 | 2 | $8.6M | $8.4M | 100c | 0 |
| Sep 30, 2023 | 2 | $8.7M | $8.4M | 100c | 0 |
| Jun 30, 2023 | 1 | $6.2M | $6.1M | 100c | 0 |
| Mar 31, 2023 | 2 | $8.7M | $8.4M | 100c | 0 |
| Dec 31, 2022 | 3 | $8.7M | $8.4M | 100c | 0 |
What changed
- Maturity approachingJul 31, 2027
- Maturity approachingJul 31, 2027
- Maturity approachingJul 31, 2027
- Maturity approachingJul 31, 2027
- Spread increasedMar 31, 2026
- PIK interest increasedDec 31, 2025
- PIK interest increasedDec 31, 2025
- Spread increasedSep 30, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Spread changed (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- PIK interest appearsDec 31, 2024
- Spread changed (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- PIK interest appearsDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Spread changed (observed)Sep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 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
- AFFINITIVderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Software & Servicesreportedas one filer wrote it