DFX Intelligence
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Borrower
G••• W•••• I•••••••••
Also written as: G••• W•••• I••••••••• Acquisition, LLC
Principal held
at least $42.2M
sum of BDC pieces, a lower bound
Fair value
$39.4M
95c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
4 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Dec 16, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
7
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 $36.7M | 95c | SOFR+600 bp PIK 1.00% | Dec 18, 2028 | 4 |
| first lien revolver first lien | at least $5.5M | 94c | SOFR+700 bp | Dec 18, 2028 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• P•••••• C••••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• F•••• 1.00% S••••• 6.00% (1.00% PIK) I••••••• R••• 10. | $9.8M | $9.1M 94c | SOFR+600 bp PIK 1.00% |
| B••• C•••••• S•••••••• F••••••• I••• | revolver first lien F•••• L••• S••••• S•••••• L••• - R••••••• S••• F•••• 1.00% S••••• 7.00% I••••••• R••• 10.6 | $4.8M | $4.4M 93c | SOFR+700 bp |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• F•••• 1.00% S••••• 6.00% (1.00% PIK) I••••••• R••• 10. | $1.1M | $1.0M 95c | SOFR+600 bp PIK 1.00% |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• F•••• 1.00% S••••• 6.00% (1.00% PIK) I••••••• R••• 10. | $12.0M | $11.1M 94c | SOFR+600 bp PIK 1.00% |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 12/16/2028 | $4.9M | $4.5M 92c | SOFR+700 bp |
| W••••••••• F••••••• I••• | revolver first lien F•••• L••• S•••••• R•••••••• L••• | $706,000 | $684,000 98c | SOFR+700 bp |
| W••••••••• F••••••• I••• | term loan first lien F•••• L••• S•••••• T••• L••• | $9.0M | $8.7M 98c | SOFR+700 bp PIK 1.00% |
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 | $42.2M | $39.4M | 95c | 4 |
| Mar 31, 2026 | 4 | $42.1M | $40.0M | 96c | 4 |
| Dec 31, 2025 | 4 | $56.0M | $53.3M | 97c | 5 |
| Sep 30, 2025 | 4 | $40.5M | $38.7M | 97c | 4 |
| Jun 30, 2025 | 4 | $40.5M | $38.9M | 98c | 0 |
| Mar 31, 2025 | 4 | $42.6M | $41.3M | 99c | 0 |
| Dec 31, 2024 | 4 | $60.6M | $59.2M | 99c | 0 |
| Sep 30, 2024 | 4 | $44.6M | $43.9M | 101c | 0 |
| Jun 30, 2024 | 4 | $47.0M | $46.8M | 102c | 0 |
| Mar 31, 2024 | 4 | $54.6M | $54.4M | 102c | 0 |
| Dec 31, 2023 | 4 | $36.8M | $36.7M | 102c | 0 |
| Sep 30, 2023 | 3 | $22.0M | $21.9M | 103c | 0 |
| Jun 30, 2023 | 2 | $17.0M | $16.8M | 103c | 0 |
| Mar 31, 2023 | 2 | $21.4M | $21.1M | 101c | 0 |
| Dec 31, 2022 | 2 | $58.1M | $56.0M | 100c | 0 |
What changed
- Spread changed (observed)Mar 31, 2026
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- Spread changed (observed)Jun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity shortened (observed)Dec 31, 2024
- Marked down (one lender)Sep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- New lender joined a facilityDec 31, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
- T•• S••••••• G••••• L•••
- the sponsor's own portfolio page lists a company of this nameestimatedsterling-group.com"••• Locked"
Identity
- Group key
- GULF WINDSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 4 BDCsderived
- Industry
- Transportation: Cargoreportedas one filer wrote it