DFX Intelligence
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Borrower
O••••• P•••••••• L••
Also written as: Equipment Company, LLC
Principal held
at least $9.6M
sum of BDC pieces, a lower bound
Fair value
$8.3M
87c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Jan 6, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
21
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| unsecured or subordinated subordinated debt unsecured or subordinated | at least $6.0M | 87c | PIK 13.00% | Jan 6, 2030 | 2 |
| first lien term loan first lien | at least $3.5M | 89c | SOFR+600 bp PIK 4.25% | Jul 31, 2029 | 1 |
| first lien revolver first lien | at least $154,000 | 62c | SOFR+600 bp PIK 4.25% | Jul 31, 2029 | 1 |
| other lien unstated exited Dec 31, 2024 | at least $4.5M | 96c | 12.50% | Jan 6, 2029 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• R••••••• C••••••••• E••••••••• D••• 7/6/2029 | n/a | n/a | |
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• S••••• S•••••• F•••• L••• R••••••• I••••••• T••• S + 600 (425 PIK), 100 F• | $154,000 | $93,000 62c | SOFR+600 bp PIK 4.25% |
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 600 (425 PIK), 100 F | $3.4M | $3.0M 89c | SOFR+600 bp PIK 4.25% |
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 600 (425 PIK), 100 F | $80,000 | $70,000 89c | SOFR+600 bp PIK 4.25% |
| N••••• C•••••••• D••••• L•••••• C•••• | subordinated debt unsecured or subordinated S••••••••• D••• 1 | $3.0M | $2.5M 87c | PIK 11.50% |
| N••••• C•••••••• D••••• L•••••• C•••• | subordinated debt unsecured or subordinated S••••••••• D••• 2 | $559,000 | $500,000 90c | PIK 13.00% |
| N••••• C•••••••• D••••• L•••••• C•••• | subordinated debt unsecured or subordinated S••••••••• D••• 3 | $382,000 | $341,000 89c | PIK 13.00% |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | subordinated debt unsecured or subordinated S••••••••• D••• 3 | $295,000 | $264,000 90c | PIK 13.00% |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | subordinated debt unsecured or subordinated S••••••••• D••• 1 | $202,000 | $180,000 89c | PIK 13.00% |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | subordinated debt unsecured or subordinated S••••••••• D••• 2 | $1.6M | $1.3M 87c | PIK 11.50% |
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 | $9.6M | $8.3M | 87c | 9 |
| Mar 31, 2026 | 3 | $8.9M | $7.8M | 88c | 7 |
| Dec 31, 2025 | 3 | $8.7M | $7.8M | 90c | 7 |
| Sep 30, 2025 | 3 | $5.3M | $4.8M | 92c | 2 |
| Jun 30, 2025 | 3 | $5.1M | $4.8M | 95c | 6 |
| Mar 31, 2025 | 3 | $8.3M | $7.8M | 96c | 7 |
| Dec 31, 2024 | 3 | $16.5M | $16.0M | 98c | 6 |
| Sep 30, 2024 | 1 | $3.7M | $3.7M | 99c | 3 |
| Jun 30, 2024 | 1 | $3.8M | $3.7M | 98c | 0 |
| Mar 31, 2024 | 1 | $3.5M | $3.4M | 98c | 0 |
| Dec 31, 2023 | 1 | $3.7M | $3.6M | 99c | 0 |
| Sep 30, 2023 | 1 | $3.7M | $3.6M | 99c | 0 |
| Jun 30, 2023 | 1 | $3.7M | $3.6M | 99c | 0 |
| Mar 31, 2023 | 1 | $3.7M | $3.6M | 98c | 0 |
| Dec 31, 2022 | 1 | $3.4M | $3.3M | 100c | 0 |
What changed
- Maturity extended (observed)Jun 30, 2026
- PIK interest increasedJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- PIK interest increasedJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- PIK interest increasedJun 30, 2026
- PIK interest increasedJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Spread changed (observed)Mar 31, 2026
- Spread changed (observed)Mar 31, 2026
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
- PIK interest appearsDec 31, 2025
- Spread changed (observed)Dec 31, 2025
- Spread changed (observed)Dec 31, 2025
- Marked down across lendersDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- Spread changed (observed)Sep 30, 2025
- Marked down across lendersSep 30, 2025
- Spread changed (observed)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Spread increasedSep 30, 2025
- Spread increasedSep 30, 2025
- Marked down across lendersJun 30, 2025
- Marked down (one lender)Jun 30, 2025
Sponsor
- T•••• C•••••• M••••••••• L•••
- the sponsor's own portfolio page lists a company of this nameestimatedtenexcm.com"••• Locked"
Identity
- Group key
- O••••• P••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Capital Goodsreportedas one filer wrote it