DFX Intelligence
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Borrower
C•••••••• H•••••••• L••
Also written as: 11; 2024; LLC First and; LLC Original Purchase Date 1
Principal held
at least $24.1M
sum of BDC pieces, a lower bound
Fair value
$25.0M
105c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
1 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Jan 11, 2028
$24.1M inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2026
Events
8
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Mar 31, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2026 | at least $24.1M | 105c | S+800 bp PIK 9.00% | Jan 11, 2028 | 3 |
| second lien term loan second lien exited Sep 30, 2025 | at least $22.4M | 100c | S+800 bp PIK 7.00% | Jan 11, 2028 | 1 |
| term loan lien unstated exited Feb 20, 2020 from a deal announcement | size not stated | n/a | unstated | 0 | |
| term loan lien unstated exited Feb 20, 2020 from a deal announcement | size not stated | n/a | unstated | 0 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| K•••••• L•••• C•••••• C• | term loan first lien F•••• L••• D••• O••••••• P••••••• D••• 1/11/2024 R•••••••• R••• and S••••• 8.00%/9.00% PIK | $23.6M | $24.4M 105c | S+800 bp PIK 9.00% |
| K•••••• L•••• C•••••• C• | term loan first lien F•••• L••• D••• O••••••• P••••••• D••• 12/31/1899 R•••••••• R••• and S••••• 0%, I••••••• R | $583,745 | $603,682 103c | S+800 bp |
Named as lender on a deal announcement: C•••••• A••••••• L•• (Feb 20, 2020) gallantcapital.com; T•• G•••• (Feb 20, 2020) gallantcapital.com
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2026 | 1 | $24.1M | $25.0M | 105c | 1 |
| Dec 31, 2025 | 1 | $24.2M | $23.7M | 99c | 1 |
| Sep 30, 2025 | 1 | $22.4M | $22.0M | 100c | 1 |
| Jun 30, 2025 | 1 | $22.0M | $21.5M | 99c | 1 |
| Mar 31, 2025 | 1 | $21.6M | $20.8M | 98c | 1 |
| Dec 31, 2024 | 1 | $63.8M | $61.0M | 98c | 3 |
| Sep 30, 2024 | 1 | $20.9M | $20.2M | 97c | 1 |
| Jun 30, 2024 | 1 | $20.5M | $19.9M | 99c | 1 |
| Mar 31, 2024 | 1 | $20.1M | $19.6M | 99c | 1 |
| Dec 31, 2023 | 2 | $35.4M | $35.4M | 101c | 0 |
| Sep 30, 2023 | 2 | $21.2M | $20.8M | 100c | 1 |
| Jun 30, 2023 | 2 | $20.7M | $20.5M | 100c | 0 |
| Mar 31, 2023 | 2 | $20.8M | $20.5M | 100c | 0 |
| Dec 31, 2022 | 2 | $41.7M | $40.9M | 100c | 0 |
| Sep 30, 2022 | 1 | $7.9M | $7.8M | 101c | 0 |
| Dec 31, 2021 | 1 | $8.0M | $8.0M | 102c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2026
- Facility left every BDC scheduleSep 30, 2025
- Maturity extended (observed)Dec 31, 2024
- Maturity shortened (observed)Sep 30, 2024
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Sep 30, 2023
- PIK interest appearsSep 30, 2023
- PIK interest appearsSep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Spread changed (observed)Mar 31, 2023
- Spread increasedMar 31, 2023
- Spread increasedMar 31, 2023
- New lender joined a facilityDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
Possible relationship, not established: G•••••• C•••••• P••••••• L••, because a company of this name is on the sponsor's portfolio page (confidence 0.55). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- G•••••• C•••••• P••••••• L••
- pe transactionderivedgallantcapital.comconfidence 0.8
- G•••••• C•••••• P••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedgallantcapital.com"••• Locked"
Identity
- Group key
- CASSAVANTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Aerospace & Defensereportedas one filer wrote it