DFX Intelligence
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Borrower
L••••• N••••••• L•• • D•• F•••••••
Telecommunication Servicesgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $1.4M
sum of BDC pieces, a lower bound
Fair value
$1.2M
90c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Dec 31, 2026
$1.4M inside 24 months
On the tape since
Mar 31, 2025
latest Jun 30, 2026
Events
7
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien delayed draw term loan first lien | at least $1.4M | 90c | PIK 17.50% | Dec 31, 2027 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M•• I••••••••• C•••• | delayed draw term loan first lien F•••• L••• D••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• N/A I••••••• R••• F•••• N | $912,000 | $821,000 90c | PIK 17.50% |
| M•• I••••••••• C•••• | delayed draw term loan first lien F•••• L••• D••• D•••••• D••• T••• L••• Add on R•••••••• R••• and S••••• N/A I••••••• R••• | $460,000 | $414,000 90c | PIK 17.50% |
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 | 1 | $1.4M | $1.2M | 90c | 2 |
| Mar 31, 2026 | 1 | $1.4M | $1.2M | 89c | 1 |
| Dec 31, 2025 | 1 | $1.9M | $1.5M | 81c | 1 |
| Sep 30, 2025 | 1 | $2.2M | $1.8M | 80c | 1 |
| Jun 30, 2025 | 1 | $1.7M | $1.5M | 88c | 1 |
| Mar 31, 2025 | 1 | $1.5M | $1.3M | 87c | 1 |
What changed
- Maturity approachingDec 31, 2027
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Mark recoveredMar 31, 2026
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Marked down across lendersSep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- New borrower on a BDC scheduleMar 31, 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
- LIGADO NETWORKS DIP FACILITYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Telecommunication Servicesreportedas one filer wrote it