DFX Intelligence
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Borrower
K•• B•••••• L••
Hotels, Restaurants & Leisuregroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $110M
sum of BDC pieces, a lower bound
Fair value
$108M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
5
4 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
May 1, 2027
$110M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
33
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 $86.4M | 99c | SOFR+525 bp | May 26, 2027 | 4 |
| term loan lien unstated | at least $23.2M | 98c | SOFR+525 bp | May 26, 2027 | 1 |
| first lien delayed draw term loan first lien exited Sep 30, 2024 | at least $41.5M | 100c | S+600 bp PIK 0.50% | May 1, 2027 | 2 |
| delayed draw term loan lien unstated exited Dec 31, 2023 | at least $37.0M | 96c | S+650 bp PIK 1.00% | May 26, 2027 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• C•••••• C••• | term loan first lien F•••• lien senior secured loan | N••••••••• | $1.1M | $1.0M 100c | S+525 bp |
| B••• O•• C••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | N••••••••• I••••• | $54.1M | $53.3M 99c | S+525 bp |
| S••••• C•••••• H••••••• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• R••• 9.24% R•••••••• R••• and S••••• S + 5.25% M•••• | $10.2M | $10.0M 98c | SOFR+525 bp |
| S••••• C•••••• H••••••• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• R••• 9.24% R•••••••• R••• and S••••• S + 5.25% M•••• | $21.0M | $20.6M 98c | SOFR+525 bp |
| T•• D••••• L•••••• V•• L•• | term loan lien unstated A••••••••• D••• 05/26/21 T••• L••• - 9.01% inc PIK(S••• + 5.25%, 0.75% F••••) % of Net Ass | $23.2M | $22.8M 98c | SOFR+525 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 | 4 | $110M | $108M | 99c | 0 |
| Mar 31, 2026 | 4 | $110M | $107M | 98c | 0 |
| Dec 31, 2025 | 4 | $113M | $110M | 98c | 0 |
| Sep 30, 2025 | 4 | $113M | $110M | 98c | 3 |
| Jun 30, 2025 | 4 | $113M | $111M | 99c | 0 |
| Mar 31, 2025 | 4 | $113M | $111M | 99c | 5 |
| Dec 31, 2024 | 3 | $168M | $165M | 88c | 0 |
| Sep 30, 2024 | 3 | $81.2M | $80.2M | 100c | 4 |
| Jun 30, 2024 | 3 | $73.3M | $72.1M | 99c | 0 |
| Mar 31, 2024 | 3 | $73.5M | $71.8M | 99c | 0 |
| Dec 31, 2023 | 3 | $131M | $128M | 98c | 8 |
| Sep 30, 2023 | 3 | $73.4M | $9.4B | 96c | 6 |
| Jun 30, 2023 | 3 | $73.2M | $9.4B | 96c | 6 |
| Mar 31, 2023 | 3 | $73.1M | $70.2M | 97c | 6 |
| Dec 31, 2022 | 3 | $73.0M | $70.1M | 97c | 6 |
What changed
- Maturity approachingMay 26, 2027
- Maturity approachingMay 26, 2027
- Maturity approachingMay 26, 2027
- Maturity approachingMay 26, 2027
- Maturity approachingMay 26, 2027
- Maturity approachingMay 26, 2027
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- Spread increasedSep 30, 2025
- Spread increasedSep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsMar 31, 2025
- New lender joined a facilityMar 31, 2025
- Spread increasedMar 31, 2025
- Spread increasedMar 31, 2025
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- New lender joined a facilityDec 31, 2024
- Facility left every BDC scheduleSep 30, 2024
- PIK interest appearsSep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- PIK interest appearsSep 30, 2024
- PIK interest appearsSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- PIK interest appearsSep 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
- K•• B•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived
- Industry
- Hotels, Restaurants & Leisurereportedas one filer wrote it