DFX Intelligence
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Borrower
A••• C•• L••
Information Technology Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Dealer Holdings
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Principal held
at least $3.1M
sum of BDC pieces, a lower bound
Fair value
$3.1M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
2 equity pieces beside them
Next maturity
Dec 31, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
5
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 |
|---|---|---|---|
| F•••• I••••••••• C••• | $3.12M | 100¢ | 0 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• I••••••••• C••• | subordinated debt unsecured or subordinated S••••••••• D••• R••• C••• 00.00% R••• PIK 14.50% Investment D••• 12/30/2024 M••••••• D••• | $2.1M | $2.1M 100c | PIK 14.50% |
| F•••• I••••••••• C••• | subordinated debt unsecured or subordinated S••••••••• D••• R••• C••• 00.00% R••• PIK 14.50% Investment D••• 10/1/2021 M••••••• D••• 1 | $975,000 | $975,000 100c | PIK 14.50% |
| F•••• I••••••••• C••• | equity equity C••••• Equity (253 units) Investment date 10/1/2021 | Not disclosed | Not disclosed n/a |
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 $3.1M | 100c | PIK 14.50% | Dec 31, 2028 | 1 |
| first lien term loan first lien exited Dec 31, 2024 | at least $2.5M | 100c | PIK 14.50% | Dec 31, 2028 | 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 | 1 | $3.1M | $3.1M | 100c | 2 |
| Mar 31, 2026 | 1 | $3.0M | $3.0M | 100c | 2 |
| Dec 31, 2025 | 1 | $2.9M | $2.9M | 100c | 2 |
| Sep 30, 2025 | 1 | $2.8M | $2.8M | 100c | 2 |
All 15 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $2.7M | $2.7M | 100c | 2 |
| Mar 31, 2025 | 1 | $2.6M | $2.6M | 100c | 2 |
| Dec 31, 2024 | 1 | $5.0M | $5.0M | 100c | 4 |
| Sep 30, 2024 | 1 | $8.5M | $8.5M | 100c | 2 |
| Jun 30, 2024 | 1 | $8.4M | $8.5M | 101c | 2 |
| Mar 31, 2024 | 1 | $8.4M | $8.4M | 101c | 2 |
| Dec 31, 2023 | 1 | $8.3M | $8.3M | 101c | 2 |
| Sep 30, 2023 | 1 | $8.3M | $8.3M | 101c | 2 |
| Jun 30, 2023 | 1 | $8.2M | $8.2M | 101c | 2 |
| Mar 31, 2023 | 1 | $8.2M | $8.2M | 101c | 2 |
| Dec 31, 2022 | 1 | $8.2M | $8.2M | 101c | 2 |
What changed
- PIK interest increasedDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- PIK interest increasedDec 31, 2024
Full timeline · 9 eventsShow fewer
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- PIK interest increasedMar 31, 2023
- PIK interest increasedMar 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
- A••• C••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Information Technology Servicesreportedas one filer wrote it