DFX Intelligence
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Borrower
S••• H•••• D•••••• U•• L••
Building Materialsgroup grade Aon a schedule nowsponsor unattributed
Also written as: 19; 2024; 23; LLC - Class A-1; LLC - Class A-2; LLC - Funded; LLC - Unfunded; LLC Acquisition 9
Principal held
at least $37.4M
sum of BDC pieces, a lower bound
Fair value
$33.3M
98c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
May 23, 2029
no dated debt inside 24 months
On the tape since
Jun 30, 2024
latest Jun 30, 2026
Events
3
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 $33.4M | 99c | SOFR+550 bp | May 23, 2029 | 2 |
| first lien revolver first lien | at least $4.0M | 84c | SOFR+450 bp | May 23, 2029 | 2 |
Equity pieces beside the debt: equity ($213,000 fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien First Lien Secured Debt Acquisition 5/23/2024 Maturity 5/23/2029 Industry Building Product | $19.7M | $19.2M 98c | SOFR+550 bp |
| P••••••••• F••••••• R••• C•••••• L••• | revolver first lien First Lien Secured Debt Revolver Acquisition 5/23/2024 Maturity 5/23/2029 Industry Buildin | $409,000 | $400,000 98c | SOFR+450 bp |
| P••••••••• F••••••• R••• C•••••• L••• | revolver first lien First Lien Secured Debt Revolver Acquisition 5/23/2024 Maturity 5/23/2029 Industry Buildin | $2.5M | $-57,000 | 0.00% |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien First Lien Secured Debt Acquisition 9/19/2024 Maturity 5/23/2029 Industry Construction and | $9.8M | $9.6M 99c | SOFR+550 bp |
| P••••••••• F••••••• R••• C•••••• L••• | equity equity Common Equity Common Equity Acquisition 1/16/2025 Industry Building Products | n/a | $143,000 24c | |
| P••••••••• F••••••• R••• C•••••• L••• | equity equity Common Equity Common Equity- Class A-2 Acquisition 1/16/2025 Industry Building Products | n/a | $11,000 24c | |
| P••••••••• I••••••••• C••• | term loan first lien First Lien Secured Debt Acquisition 05/23/2024 Maturity 05/23/2029 Industry Building Mater | $3.9M | $3.8M 99c | SOFR+550 bp |
| P••••••••• I••••••••• C••• | equity equity Common Equity Acquisition 05/23/2024 Industry Building Materials | n/a | $55,000 24c | |
| P••••••••• I••••••••• C••• | equity equity Common Equity Acquisition 05/23/2024 Industry Building Materials | $2,000 | $4,000 24c | |
| P••••••••• I••••••••• C••• | revolver first lien First Lien Secured Debt Revolver Acquisition 05/23/2024 Maturity 05/23/2029 Industry Build | $958,000 | $-22,000 | 0.00% |
| P••••••••• I••••••••• C••• | revolver first lien First Lien Secured Debt Revolver Acquisition 05/23/2024 Maturity 05/23/2029 Industry Build | $156,000 | $152,000 97c | SOFR+450 bp |
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 | 2 | $37.4M | $33.1M | 98c | 0 |
| Mar 31, 2026 | 2 | $37.5M | $32.9M | 98c | 0 |
| Dec 31, 2025 | 2 | $37.6M | $33.8M | 98c | 0 |
| Sep 30, 2025 | 2 | $83.2M | $72.9M | 100c | 0 |
| Jun 30, 2025 | 2 | $31.3M | $27.3M | 101c | 0 |
| Mar 31, 2025 | 2 | $31.4M | $27.3M | 101c | 0 |
| Dec 31, 2024 | 2 | $36.5M | $32.4M | 101c | 0 |
| Sep 30, 2024 | 2 | $99.5M | $87.6M | 100c | 0 |
| Jun 30, 2024 | 2 | $36.6M | $32.1M | 100c | 0 |
What changed
- Mark recoveredJun 30, 2026
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- New borrower on a BDC scheduleJun 30, 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
- SAFE HAVEN DEFENSEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 3 across 2 BDCsderived
- Industry
- Building Materialsreportedas one filer wrote it