DFX Intelligence
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Borrower
T••• H•••••• C•••• O•• F•••• a••
group grade Aoff every schedule since Jun 30, 2025sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Jun 2025, Consensus mark 96¢ on cost, down from 99¢ in Q4 2024.
Mark path, consensus per quarter end
99¢ · 96¢Q4 2024 to Q2 2025
Principal held
at least $3.7M
sum of BDC pieces, a lower bound
Fair value
$3.5M
96c 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
Mar 31, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2025
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| K•••••• L•••• C•••••• C• | $3.73M | 96¢ | -3 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| K•••••• L•••• C•••••• C• | term loan second lien S••••• L••• D••• O••••••• P••••••• D••• 5/11/2023 S+6.00% I••••••• R••• 10.43% Due 3/31/20 | $3.7M | $3.5M 96c | SOFR+600 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Jun 30, 2025 | at least $3.7M | 96c | SOFR+600 bp | Mar 31, 2028 | 1 |
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, 2025 | 1 | $3.7M | $3.5M | 96c | 0 |
| Dec 31, 2024 | 1 | $1.6M | $1.3M | 99c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2025
- New borrower on a BDC scheduleDec 31, 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
- TANK ONE FIRST ANDderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived