DFX Intelligence
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Borrower
C••••••••• P••••••••• A•••••••• F•••••• L••••••
IT Servicesgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $61.3M
sum of BDC pieces, a lower bound
Fair value
$78.5M
102c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jul 25, 2028
no dated debt 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 $61.3M | 102c | //www.goldmansachsbdc.com/20260630#Sterling Overnight Index Average+778 bp PIK 0.28% | Jul 25, 2028 | 4 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• IT S••••••s I••••••• R••• 11.51% R•••••••• R••• and | $9.9M | $12.7M 101c | //www.goldmansachsbdc.com/20260630#Sterling Overnight Index Average+778 bp PIK 0.28% |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• IT S••••••s I••••••• R••• 11.51% R•••••••• R••• and | $16.8M | $21.5M 105c | //www.goldmansachsbdc.com/20260630#Sterling Overnight Index Average+778 bp PIK 0.28% |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• IT S••••••s I••••••• R••• 11.51% R•••••••• R••• and | $8.7M | $11.1M 98c | SONIA+778 bp PIK 0.28% |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• IT S••••••s I••••••• R••• 11.51% R•••••••• R••• and | $14.7M | $18.9M 98c | SONIA+778 bp PIK 0.28% |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• IT S••••••s I••••••• R••• 11.51% R•••••••• R••• and | $7.0M | $9.0M 105c | SONIA+778 bp PIK 0.28% |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• IT S••••••s I••••••• R••• 11.51% R•••••••• R••• and | $4.1M | $5.3M 102c | SONIA+778 bp PIK 0.28% |
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 | 3 | $61.3M | $78.5M | 102c | 6 |
| Mar 31, 2026 | 3 | $61.0M | $77.9M | 101c | 6 |
| Dec 31, 2025 | 3 | $83.7M | $109M | 103c | 8 |
| Sep 30, 2025 | 2 | $41.9M | $48.1M | 107c | 4 |
| Jun 30, 2025 | 3 | $66.7M | $78.0M | 109c | 6 |
| Mar 31, 2025 | 3 | $65.4M | $71.8M | 103c | 6 |
| Dec 31, 2024 | 3 | $75.6M | $80.2M | 100c | 8 |
| Sep 30, 2024 | 3 | $38.7M | $67.2M | 107c | 6 |
| Jun 30, 2024 | 3 | $61.4M | $58.3M | 103c | 6 |
| Mar 31, 2024 | 3 | $60.1M | $56.7M | 103c | 6 |
| Dec 31, 2023 | 3 | $129M | $119M | 104c | 13 |
| Sep 30, 2023 | 3 | $58.2M | $52.5M | 100c | 6 |
| Jun 30, 2023 | 3 | $57.3M | $0 | n/a | 3 |
| Mar 31, 2023 | 3 | $46.5M | $0 | n/a | 4 |
| Dec 31, 2022 | 3 | $55.8M | $45.3M | 100c | 6 |
What changed
- Spread changed (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- Spread changed (observed)Sep 30, 2025
- PIK interest increasedDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- PIK interest increasedDec 31, 2024
- PIK interest increasedDec 31, 2024
- PIK interest increasedDec 31, 2024
- PIK interest increasedSep 30, 2024
- PIK interest increasedSep 30, 2024
- PIK interest increasedSep 30, 2024
- PIK interest increasedSep 30, 2024
- PIK interest increasedDec 31, 2023
- Spread changed (observed)Dec 31, 2023
- PIK interest increasedDec 31, 2023
- Spread increasedDec 31, 2023
- PIK interest increasedDec 31, 2023
- Spread increasedDec 31, 2023
- PIK interest increasedDec 31, 2023
- Spread increasedDec 31, 2023
- Spread changed (observed)Jun 30, 2023
- Spread changed (observed)Mar 31, 2023
- Spread increasedMar 31, 2023
- Spread increasedMar 31, 2023
- Spread increasedMar 31, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- CLEARCOURSE PARTNERSHIP FINANCEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- IT Servicesreportedas one filer wrote it