DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
M• • D• M••••• I••
Trading companies and distributorsgroup grade Aon a schedule nowsponsor not established · possible relationship
Also written as: 1st Amendment; 3rd Amendment; Escalent, Inc.; Inc. Third Amendment; LLC Undrawn Commitment; M & M OpCo. LLC; M & S Acquisition Corporation; M & S Group Holdings, LLC
What matters now
- $22.1Mprincipal outstanding
$22.1M principal held by 4 lenders; matures Aug 2028.
Q2 2026 · Refinancing is due in 23 months at a 100¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
101¢ · 101¢ · 100¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it on the first lien term loan, 0 points apart
100¢100¢
Principal held
at least $22.1M
sum of BDC pieces, a lower bound
Fair value
$20.5M
100c on cost, debt pieces
Unfunded
$2.1M
commitments not yet drawn
BDC lenders
8
4 on the latest quarter
Facilities
6
2 equity pieces beside them
Next maturity
Aug 31, 2028
no dated debt inside 24 months
On the tape since
Jun 30, 2023
latest Jun 30, 2026
Events
19
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $8.55M | 100¢ | 0 pts |
| M••••••• P•••••• C••••• F••• | $5.91M | no cost filed | no comparable mark |
| N••••• C•••••••• D••••• L•••••• C•••• | $4.99M | 100¢ | 0 pts |
| S•••••••• P•••••• C••••• F••• L•• | $2.67M | 99¢ | 0 pts |
Every BDC piece · 18 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien F•••• L••• D••• | $7.2M | $7.2M 100c | S+475 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien F•••• L••• D••• | $4.2M | $4.2M 100c | S+475 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 8/31/2028 | $1.7M | $1.7M 99c | SOFR+600 bp |
| M••••••• P•••••• C••••• F••• | term loan lien unstated T••• L••• (3 month CME T••• S••• + 6.000%) | S••••• L•••• 238.6% | $1.4M | $1.4M | SOFR+600 bp |
| M••••••• P•••••• C••••• F••• | term loan lien unstated T••• L••• (3 month CME T••• S••• + 6.000%) | S••••• L•••• 238.6% | $1.4M | $1.3M | SOFR+600 bp |
View all 18 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) | $1.3M | -$8,000 800c | S+475 bp |
| M••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | S••••• L•••• 238.6% | $1.0M | $996,628 | S+600 bp |
| M••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• (3 month CME T••• S••• + 6.000%) | S••••• L•••• 238.6% | $820,668 | $796,868 | SOFR+600 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) | $769,000 | -$5,000 | S+475 bp |
| M••••••• P•••••• C••••• F••• | revolver lien unstated R••••••• (3 month CME T••• S••• + 6.000%) | S••••• L•••• 238.6% | $763,871 | $741,719 | SOFR+600 bp |
| S•••••••• P•••••• C••••• F••• L•• | delayed draw term loan first lien D•••••• D••• T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 8/31/2028 | $579,000 | $576,000 100c | SOFR+600 bp |
| M••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• (3 month CME T••• S••• + 6.000%) | S••••• L•••• 238.6% | $487,510 | $473,372 | SOFR+600 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 8/31/2028 | $362,000 | $360,000 100c | SOFR+600 bp |
| S•••••••• P•••••• C••••• F••• L•• | delayed draw term loan first lien D•••••• D••• T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 8/31/2028 | $0 | $0 0c | SOFR+100 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | equity equity C••••• U•••• | Not disclosed | $298,000 99c | |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien D•••••• D••• L••• | Not disclosed | Not disclosed | |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | equity equity C••••• Equity | Not disclosed | $511,000 100c | |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien D•••••• D••• L••• | Not disclosed | Not disclosed |
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 $13.5M | 100c | SOFR+475 bp | Dec 23, 2032 | 3 |
| term loan lien unstated | at least $2.8M | n/a | SOFR+600 bp | Aug 31, 2028 | 1 |
| first lien delayed draw term loan first lien | at least $2.7M | 98c | SOFR+475 bp | Dec 23, 2032 | 3 |
| delayed draw term loan lien unstated | at least $2.3M | n/a | SOFR+600 bp | Aug 31, 2028 | 1 |
| revolver lien unstated | at least $763,871 | n/a | SOFR+600 bp | Aug 31, 2028 | 1 |
All 6 facilitiesShow fewerheld first, largest first
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien revolver first lien exited Sep 30, 2024 | unknown | n/a | SOFR+800 bp | Apr 9, 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 |
|---|---|---|---|---|---|
| Jun 30, 2026 | 4 | $22.1M | $19.7M | 140c | 0 |
| Mar 31, 2026 | 4 | $19.7M | $17.8M | 148c | 0 |
| Dec 31, 2025 | 4 | $22.4M | $20.5M | 140c | 0 |
| Sep 30, 2025 | 3 | $37.0M | $36.9M | 120c | 0 |
All 13 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 3 | $8.7M | $52.0M | 114c | 0 |
| Mar 31, 2025 | 4 | $6.0M | $49.5M | 115c | 0 |
| Dec 31, 2024 | 7 | $107M | $107M | 113c | 0 |
| Sep 30, 2024 | 6 | $10.0M | $52.3M | 107c | 0 |
| Jun 30, 2024 | 6 | $10.1M | $49.5M | 108c | 0 |
| Mar 31, 2024 | 6 | $10.1M | $44.5M | 108c | 0 |
| Dec 31, 2023 | 4 | $4.7M | $38.8M | 100c | 0 |
| Sep 30, 2023 | 3 | $4.7M | $4.6M | 100c | 0 |
| Jun 30, 2023 | 3 | $4.8M | $4.6M | 100c | 0 |
What changed
- Spread changed (observed)Mar 31, 2026
- Spread changed (observed)Mar 31, 2026
- Spread changed (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
Full timeline · 30 eventsShow fewer
- New lender joined a facilityDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilitySep 30, 2025
- Spread changed (observed)Sep 30, 2025
- Spread changed (observed)Sep 30, 2025
- Spread changed (observed)Sep 30, 2025
- Spread increasedSep 30, 2025
- Spread increasedSep 30, 2025
- Spread increasedSep 30, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Dec 31, 2024
- Spread changed (observed)Dec 31, 2024
- Spread changed (observed)Dec 31, 2024
- Spread changed (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Lender left a facilitySep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
Sponsor
Possible relationship, not established: B•••••• C•••••• L••, because a company of this name is on the sponsor's portfolio page (confidence 0.65). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- G••••••• C•••••• P••••••• L•
- the sponsor's own portfolio page lists a company of this nameestimatedgainlinecapital.com"••• Locked"
- B•••••• C•••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedbowmark.com"••• Locked"
- T•••••• H••• M••••••••• L•••
- the sponsor's own portfolio page lists a company of this nameestimatedtrinityhunt.com"••• Locked"
- B••••••• P••••••• M••••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedbackcastpartners.com"••• Locked"
- S•• P•••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedstg.com"••• Locked"
Identity
- Group key
- M ANDderivedthe codename stem after legal suffixes and deal words
- Spellings
- 5 across 8 BDCsderived
- Industry
- Trading companies and distributorsreportedas one filer wrote it