DFX Intelligence
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Borrower
L••••••••• E••••• C••••• L••
Utilitiesgroup grade Aon a schedule nowsponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
99¢ · 101¢ · 101¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
100¢100¢
Principal held
at least $24.0M
sum of BDC pieces, a lower bound
Fair value
$32.7M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
8
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Aug 1, 2032
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
4
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 |
|---|---|---|---|
| A••• C••• I••••••••• F••• | $24M | 100¢ | 0 pts |
| F••••••• P•••••• L•••••• F••• | $8.6K | 100¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C••• I••••••••• F••• | term loan first lien F•••• lien senior secured loans | $24.0M | $24.0M 100c | S+275 bp |
| F••••••• P•••••• L•••••• F••• | term loan first lien Investment F•••• L••• - T••• L••• R•••••••• R••• and S••••• S•••+275 I••••••• R••• 6.4% M• | $8,604 | $8.6M 100c | SOFR+275 bp |
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 $24.0M | 100c | SOFR+275 bp | Aug 5, 2032 | 5 |
| other lien unstated exited Dec 31, 2025 | at least $10.4M | 101c | S+300 bp | Aug 5, 2032 | 2 |
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 | $24.0M | $32.7M | 100c | 0 |
| Mar 31, 2026 | 2 | $32.7M | $32.7M | 100c | 0 |
| Dec 31, 2025 | 5 | $38.4M | $38.6M | 101c | 0 |
| Sep 30, 2025 | 5 | $32.7M | $32.9M | 101c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $6.8M | $6.8M | 99c | 0 |
| Mar 31, 2025 | 1 | $1.2M | $1.2M | 100c | 0 |
| Dec 31, 2024 | 2 | $12.6M | $12.7M | 101c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2025
- Lender left a facilityDec 31, 2025
- Spread changed (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
Full timeline · 11 eventsShow fewer
- New lender joined a facilitySep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilityMar 31, 2025
- New borrower on a BDC scheduleDec 31, 2024
- Lender left a facilityDec 31, 2024
- Lender left a facilityDec 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
- L••••••••• E••••• C•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 8 BDCsderived
- Industry
- Utilitiesreportedas one filer wrote it