DFX Intelligence
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Borrower
S•••• M••••••••• B••••• I••
Health Care Providers & Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: S•••• M•••••••••
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 99¢Q2 2025 to Q2 2026
Where each lender marks it, 2 points apart
99¢101¢
Principal held
at least $308M
sum of BDC pieces, a lower bound
Fair value
$248M
99c on cost, debt pieces
Unfunded
$58.4M
commitments not yet drawn
BDC lenders
7
5 on the latest quarter
Facilities
7
0 equity pieces beside them
Next maturity
May 29, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
8
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 |
|---|---|---|---|
| H•• C•••••••• L•••••• F••• | $253M | 99¢ | -1 pts |
| H•• C•••••••• C•••••• S•••••••• F••• | $25.5M | 99¢ | -1 pts |
| J•••••••• C••••• P••••••• B•• I••• | $13.2M | 101¢ | 0 pts |
| A•• P•••••• C••••• I••••• F••• | $12.3M | 100¢ | -1 pts |
| S••••• C••••• I••••••••• L•• | $4.26M | 101¢ | 0 pts |
Every BDC piece · 25 positions across 5 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $199M | $195M 99c | S+550 bp PIK 2.50% |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $33.5M | $3.9M 95c | S+500 bp |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated N••••••••• I••••• | $20.1M | $19.7M 99c | S+550 bp PIK 2.50% |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $19.8M | -$445,000 161c | |
| J•••••••• C••••• P••••••• B•• I••• | term loan first lien T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 5.50% (includes 2.50% PIK) M•••••• | $13.2M | $13.2M 101c | SOFR+550 bp PIK 2.50% |
View all 25 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•• P•••••• C••••• I••••• F••• | term loan first lien F•••• L••• T••• L••• R•••••••• R••• and S••••• S••• + 5.00% All In R••• 6.73% cash / 2.5% | $12.1M | $11.9M 100c | SOFR+500 bp PIK 2.50% |
| S••••• C••••• I••••••••• L•• | term loan first lien T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 5.50% (includes 2.5% PIK) M••••••• | $4.2M | $4.2M 101c | SOFR+550 bp PIK 2.50% |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated N••••••••• I••••• | $3.4M | $391,000 95c | S+500 bp |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated N••••••••• I••••• | $2.0M | -$45,000 161c | |
| A•• P•••••• C••••• I••••• F••• | revolver first lien F•••• L••• R•••••••• L••• R•••••••• R••• and S••••• S••• + 5.00% All In R••• 8.71% A•••••• | $224,000 | $203,000 100c | SOFR+500 bp |
| J•••••••• C••••• P••••••• B•• I••• | revolver first lien T••• F•••• L••• R••••••• R•••••••• R••• and S••••• S + 5.00% M••••••• D••• 5/29/2030 | $32,000 | $32,000 110c | SOFR+500 bp |
| S••••• C••••• I••••••••• L•• | revolver first lien T••• F•••• L••• R••••••• R•••••••• R••• and S••••• S + 5.00% M••••••• D••• 5/29/2030 | $10,000 | $10,000 111c | SOFR+500 bp |
| A•• P•••••• C••••• I••••• F••• | delayed draw term loan first lien F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S••• + 5.00% A••••••••• D••• 5 | $0 | -$6,000 75c | SOFR+500 bp |
| J•••••••• C••••• P••••••• B•• I••• | delayed draw term loan first lien T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 5.00% M••••••• D••• 5 | $0 | $0 0c | SOFR+500 bp |
| S••••• C••••• I••••••••• L•• | delayed draw term loan first lien T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 5.00% M••••••• D••• 5 | $0 | $0 0c | SOFR+500 bp |
| A•• P•••••• C••••• I••••• F••• | delayed draw term loan first lien C••••••••• T••• D•••••• D••• T••• L••• | Not disclosed | Not disclosed | |
| A•• P•••••• C••••• I••••• F••• | revolver first lien C••••••••• T••• R•••••••• L••• | Not disclosed | Not disclosed | |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated | Not disclosed | Not disclosed | |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated | Not disclosed | Not disclosed | |
| H•• C•••••••• L•••••• F••• | delayed draw term loan first lien 1st L••• S••••• S•••••• D•••••• D••• L••• | Not disclosed | Not disclosed | |
| H•• C•••••••• L•••••• F••• | revolver first lien 1st L••• S••••• S•••••• R•••••••• L••• | Not disclosed | Not disclosed | |
| J•••••••• C••••• P••••••• B•• I••• | revolver first lien Investment T••• F•••• L••• R••••••• | Not disclosed | $0 | S+500 bp |
| J•••••••• C••••• P••••••• B•• I••• | delayed draw term loan first lien Investment T••• F•••• L••• D•••••• D••• T••• L••• | Not disclosed | $0 | S+500 bp |
| S••••• C••••• I••••••••• L•• | delayed draw term loan first lien Investment T••• F•••• L••• D•••••• D••• T••• L••• | Not disclosed | $0 | S+500 bp |
| S••••• C••••• I••••••••• L•• | revolver first lien Investment T••• F•••• L••• R••••••• | Not disclosed | $0 | S+500 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $278M | 99c | S+550 bp PIK 2.50% | May 29, 2032 | 2 |
| first lien term loan first lien | at least $29.5M | 101c | SOFR+550 bp PIK 2.50% | May 31, 2032 | 3 |
| first lien revolver first lien | at least $266,000 | 101c | SOFR+500 bp | May 29, 2030 | 4 |
| first lien delayed draw term loan first lien | at least $0 | n/a | SOFR+500 bp | May 31, 2032 | 4 |
| second lien term loan second lien exited Mar 31, 2025 | at least $1.0M | 101c | SOFR+800 bp | Apr 16, 2029 | 1 |
All 7 facilitiesShow fewerheld first, largest first
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| revolver lien unstated exited Jun 30, 2025 | unknown | n/a | unstated | 1 | |
| delayed draw term loan lien unstated exited Jun 30, 2025 | unknown | n/a | unstated | 1 |
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 | 5 | $308M | $248M | 99c | 5 |
| Mar 31, 2026 | 5 | $54.8M | $48.9M | 100c | 0 |
| Dec 31, 2025 | 6 | $311M | $247M | 100c | 0 |
| Sep 30, 2025 | 6 | $311M | $239M | 100c | 0 |
All 14 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 6 | $311M | $239M | 100c | 0 |
| Mar 31, 2025 | 1 | $2.8M | $2.8M | 100c | 0 |
| Dec 31, 2024 | 1 | $5.7M | $5.7M | 100c | 0 |
| Sep 30, 2024 | 2 | $15.3M | $15.2M | 100c | 0 |
| Jun 30, 2024 | 1 | $2.3M | $2.2M | 100c | 0 |
| Mar 31, 2024 | 1 | $2.3M | $2.2M | 100c | 0 |
| Dec 31, 2023 | 1 | $4.1M | $4.1M | 100c | 0 |
| Sep 30, 2023 | 1 | $2.1M | $2.1M | 100c | 0 |
| Jun 30, 2023 | 1 | $2.1M | $2.1M | 100c | 0 |
| Dec 31, 2022 | 1 | $2.1M | $2.1M | 100c | 0 |
What changed
- PIK interest appearsJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
Full timeline · 30 eventsShow fewer
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityJun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- New lender joined a facilityJun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SOLIS MAMMOGRAPHYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 7 BDCsderived
- Industry
- Health Care Providers & Servicesreportedas one filer wrote it