DFX Intelligence
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Borrower
T•••••• H•••••• C•••
Building Productsgroup grade Aon a schedule nowsponsor unattributed
What matters now
- 100¢ → 94¢consensus mark
Consensus mark 94¢ on cost, down from 100¢ a year ago, 97¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived4 of 4 lenders' own marks, weighted by principal - 10 pts91¢ to 101¢
Lenders disagree by 10 points: B•••••••• P•••••• C••••• F••• 91¢ to B••••••••• C•••••• C••• I• 101¢.
Q2 2026 · Holders value the same loan differently, so a position could trade between them.
Derivedeach lender's own fair value over cost, funded term loans of $2M or moreFor secondary buyers, special situations fundsLender marks →
Mark path, consensus per quarter end
100¢ · 102¢ · 99¢ · 97¢ · 94¢Q2 2025 to Q2 2026
Where each lender marks it, 10 points apart
91¢101¢
Principal held
at least $15.7M
sum of BDC pieces, a lower bound
Fair value
$14.5M
94c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
5
4 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Mar 1, 2030
no dated debt inside 24 months
On the tape since
Mar 31, 2024
latest Jun 30, 2026
Events
1
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 |
|---|---|---|---|
| B•••••••• P•••••• C••••• F••• | $9.78M | 91¢ | -4 pts |
| B••••••••• C•••••• C••• I• | $4.69M | 101¢ | +1 pts |
| B•••••••• T•• C•••••• C•••• | $1.12M | 93¢ | -4 pts |
| B•••••••• D••••• L•••••• C•••• | $78.1K | 91¢ | -4 pts |
Every BDC piece · 4 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 6.00% T•••• C••••• 9.68% M• | $9.8M | $8.8M 91c | SOFR+600 bp |
| B••••••••• C•••••• C••• I• | term loan first lien S••••• S•••••• T••• L•••, Due 3/1/2030 | $4.7M | $4.7M 101c | SOFR+600 bp |
| B•••••••• T•• C•••••• C•••• | term loan first lien F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 6.00% T•••• C••••• 9.68% M••••••• 3/1/ | $1.1M | $998,884 93c | SOFR+600 bp |
| B•••••••• D••••• L•••••• C•••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 6.00% T•••• C••••• 9.68% M• | $78,125 | $69,922 91c | SOFR+600 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 $15.7M | 94c | SOFR+600 bp | Mar 1, 2030 | 4 |
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 | $15.7M | $14.5M | 94c | 0 |
| Mar 31, 2026 | 4 | $15.9M | $15.1M | 97c | 0 |
| Dec 31, 2025 | 5 | $17.9M | $17.5M | 99c | 0 |
| Sep 30, 2025 | 4 | $16.5M | $16.6M | 102c | 0 |
All 10 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 4 | $16.6M | $16.3M | 100c | 0 |
| Mar 31, 2025 | 4 | $16.8M | $16.7M | 101c | 0 |
| Dec 31, 2024 | 5 | $18.9M | $18.9M | 102c | 0 |
| Sep 30, 2024 | 4 | $17.0M | $16.6M | 239c | 0 |
| Jun 30, 2024 | 4 | $17.1M | $16.6M | 239c | 0 |
| Mar 31, 2024 | 3 | $15.5M | $15.4M | 285c | 0 |
What changed
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityJun 30, 2024
- New borrower on a BDC scheduleMar 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
- TRULITEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived
- Industry
- Building Productsreportedas one filer wrote it