DFX Intelligence
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Borrower
C••••• I••
Application Softwaregroup grade Bon a schedule nowsponsor unattributed
Also written as: and C••••• I••; Inc. and
What matters now
- $22.7Mprincipal outstanding
$22.7M principal held by 1 lender; matures Jun 2027.
Q2 2026 · Refinancing is due in 8 months at a 99¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
99¢ · 100¢ · 100¢ · 98¢ · 99¢Q2 2025 to Q2 2026
Principal held
at least $22.7M
sum of BDC pieces, a lower bound
Fair value
$22.3M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Jun 1, 2027
$22.7M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
6
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••••••• I••• | $22.7M | 99¢ | +1 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, J••• 2027, 3-month S••• + 8.99%, F•••• rate 9.89% | $22.7M | $22.3M 99c | S+899 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $22.7M | 99c | S+899 bp | Jun 1, 2027 | 1 |
Equity pieces beside the debt: other (Not disclosed fair value, 1 BDC)
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 | $22.7M | $22.3M | 99c | 0 |
| Mar 31, 2026 | 1 | $22.7M | $22.1M | 98c | 0 |
| Dec 31, 2025 | 1 | $45.3M | $45.0M | 100c | 0 |
| Sep 30, 2025 | 1 | $22.7M | $22.5M | 100c | 0 |
All 15 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $22.8M | $22.4M | 99c | 0 |
| Mar 31, 2025 | 1 | $22.8M | $22.1M | 98c | 0 |
| Dec 31, 2024 | 1 | $45.5M | $44.4M | 99c | 0 |
| Sep 30, 2024 | 1 | $22.8M | $22.3M | 99c | 0 |
| Jun 30, 2024 | 1 | $22.8M | $23.0M | 102c | 0 |
| Mar 31, 2024 | 1 | $22.8M | $23.0M | 102c | 0 |
| Dec 31, 2023 | 1 | $45.7M | $46.1M | 103c | 0 |
| Sep 30, 2023 | 1 | $45.8M | $46.2M | 103c | 0 |
| Jun 30, 2023 | 1 | $23.0M | $23.1M | 103c | 0 |
| Mar 31, 2023 | 1 | $23.0M | $23.2M | 103c | 0 |
| Dec 31, 2022 | 1 | $21.4M | $21.1M | 100c | 0 |
What changed
- Maturity approachingJun 1, 2027
- Maturity approachingJun 1, 2027
- Maturity approachingJun 1, 2027
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
Full timeline · 7 eventsShow fewer
- Facility left every BDC scheduleDec 31, 2025
- Spread changed (observed)Mar 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
- CEROSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Application Softwarereportedas one filer wrote it