DFX Intelligence
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Borrower
S•••••• H•••••••• L••
Aerospace and Defensegroup grade Aon a schedule nowsponsor unattributed
Also written as: 2024; 24; 31; LLC - Unfunded; LLC Acquisition 10; SVAERO Holdings LLC
Principal held
at least $56.2M
sum of BDC pieces, a lower bound
Fair value
$46.3M
100c on cost, debt pieces
Unfunded
$1.3M
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
4
1 equity pieces beside them
Next maturity
Oct 30, 2026
$12.1M inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
5
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 $49.9M | 101c | SOFR+475 bp | Nov 1, 2030 | 2 |
| term loan lien unstated | at least $5.0M | 100c | S+475 bp | Nov 1, 2030 | 1 |
| delayed draw term loan lien unstated | at least $1.3M | n/a | S+475 bp | Oct 30, 2026 | 1 |
| other lien unstated exited Mar 31, 2025 | at least $7.0M | 100c | S+525 bp | Nov 1, 2030 | 1 |
Equity pieces beside the debt: equity ($2.2M fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| P••••••••• F••••••• R••• C•••••• L••• | equity equity C••••• Equity C••••• Equity A••••••••• 7/11/2018 I••••••• A•••••••• and D•••••• | n/a | $1.6M 319c | |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• A••••••••• 10/31/2024 M••••••• 11/1/2030 I••••••• A•••••••• and D• | $13.4M | $13.4M 100c | SOFR+475 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• T••• L••• A••••••••• 10/31/2024 M••••••• 11/2/2026 I••••••• A••••• | $7.3M | $36,000 | S+475 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• A••••••••• 10/31/2024 M••••••• 11/1/2030 I••••••• A•••••••• and D• | $12.9M | $12.9M 100c | SOFR+475 bp |
| P••••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• T••• L••• A••••••••• 10/31/2024 M••••••• 11/02/2026 I••••••• A•••• | $3.6M | $18,000 | S+475 bp |
| P••••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• A••••••••• 10/31/24 M••••••• 11/01/30 I••••••• A•••••••• and D•••• | $12.9M | $12.9M 100c | SOFR+475 bp |
| P••••••••• I••••••••• C••• | equity equity C••••• Equity A••••••••• 10/29/2024 I••••••• A•••••••• and D•••••• | n/a | $637,000 320c | |
| W••••• T••• C•••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | n/a | n/a | S+475 bp |
| W••••• T••• C•••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | N••••••••• I••••• | $1.3M | $0 | S+475 bp |
| W••••• T••• C•••••• C••• | term loan lien unstated T••• L••• | N••••••••• I••••• | $5.0M | $5.0M 100c | S+475 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 | 3 | $56.2M | $44.1M | 100c | 0 |
| Mar 31, 2026 | 3 | $61.8M | $49.8M | 100c | 0 |
| Dec 31, 2025 | 3 | $62.1M | $50.1M | 101c | 0 |
| Sep 30, 2025 | 3 | $99.7M | $80.5M | 101c | 0 |
| Jun 30, 2025 | 3 | $52.0M | $50.8M | 101c | 0 |
| Mar 31, 2025 | 3 | $52.3M | $51.0M | 100c | 0 |
| Dec 31, 2024 | 3 | $77.5M | $62.3M | 100c | 0 |
| Sep 30, 2024 | 2 | $0 | $0 | n/a | 0 |
| Jun 30, 2024 | 2 | $0 | $0 | n/a | 0 |
| Mar 31, 2024 | 2 | $0 | $0 | n/a | 0 |
| Dec 31, 2023 | 2 | $61,000 | $605,000 | 100c | 0 |
What changed
- Maturity approachingOct 30, 2026
- Maturity approachingOct 30, 2026
- Maturity approachingOct 30, 2026
- Maturity shortened (observed)Sep 30, 2025
- Facility left every BDC scheduleMar 31, 2025
- Lender left a facilityMar 31, 2025
- New lender joined a facilityDec 31, 2024
- New borrower on a BDC scheduleDec 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SV AEROderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived
- Industry
- Aerospace and Defensereportedas one filer wrote it