DFX Intelligence
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Borrower
S••••••••• T•••••••••
Application Softwaregroup grade Aoff every schedule since Dec 31, 2025sponsor not established · possible relationship
Also written as: F; Inc. First Amendment Loan; Inc. First Amendment Loan RR & S; Inc. First Amendment Loan RR & S/F; Inc. Loan
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q3 2024 to Q4 2025
Principal held
at least $28.1M
sum of BDC pieces, a lower bound
Fair value
$27.6M
100c 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
Apr 24, 2029
no dated debt inside 24 months
On the tape since
Jun 30, 2024
latest Dec 31, 2025
Events
3
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 |
|---|---|---|---|
| S•••••••• P•••••• C••••• F••• L•• | $28.1M | 100¢ | 0 pts |
Every BDC piece · 6 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien N•••••••••, N••••••••• D••• Investments | F•••• L••• S••••• S•••••• | R•••••••• R••• S•••• | $6.9M | $6.8M 100c | SOFR+700 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 10.87% MD | 4/24/2029 | $6.9M | $6.8M 100c | SOFR+700 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 10.87% MD | $4.1M | $4.0M 100c | SOFR+700 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien N•••••••••, N••••••••• D••• Investments | F•••• L••• S••••• S•••••• | R•••••••• R••• S•••• | $4.1M | $4.0M 100c | SOFR+700 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 10.87% MD | 4/24/2029 One | $3.1M | $3.0M 100c | SOFR+700 bp |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien N•••••••••, N••••••••• D••• Investments | F•••• L••• S••••• S•••••• | R•••••••• R••• S•••• | $3.1M | $3.0M 100c | SOFR+700 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2025 | at least $28.1M | 100c | SOFR+700 bp | Apr 24, 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 | $28.1M | $27.6M | 100c | 0 |
| Sep 30, 2025 | 1 | $14.1M | $13.8M | 100c | 0 |
| Jun 30, 2025 | 1 | $16.1M | $15.8M | 100c | 0 |
| Dec 31, 2024 | 1 | $14.8M | $14.1M | 100c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $5.0M | $4.7M | 100c | 0 |
| Jun 30, 2024 | 1 | $5.0M | $4.8M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2025
- Maturity extended (observed)Jun 30, 2025
- New borrower on a BDC scheduleJun 30, 2024
Sponsor
Possible relationship, not established: A••••••••• o• S•••• C•••••• G••••• L•• E•••• i••• A••••••••• t•, because a company of this name is on the sponsor's portfolio page (confidence 0.7). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- A••••••••• o• S•••• C•••••• G••••• L•• E•••• i••• A••••••••• t•
- the sponsor's own portfolio page lists a company of this nameestimatedsiris.com"••• Locked"
Identity
- Group key
- S••••••••• T•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Application Softwarereportedas one filer wrote it