DFX Intelligence
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Borrower
D••• S••••••
Application Softwaregroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Also written as: Inc. Series C; Inc.Investment; Inc.Investment Type
Nothing material in the last 200 days. No dated change on record yet.
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
$1.9M
n/a 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
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| R••••• G••••• F•••••• C•••• | preferred equity equity W••••••• W••••••• Series C•••••• P•••••••• S•••• I•••••• A••••••••• D••• 7/11/2019 M•••••• | Not disclosed | $1.2M 1059c | |
| R••••• G••••• F•••••• C•••• | preferred equity equity W••••••• Investment T••• W••••••• Series C•••••• P•••••••• S•••• I•••••• A••••••••• D••• 6 | Not disclosed | $731,000 1239c |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2023 | at least $10.0M | 100c | S+925 bp | Jun 1, 2025 | 1 |
Equity pieces beside the debt: preferred equity ($1.9M 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 |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $0 | $0 | n/a | 0 |
| Jun 30, 2024 | 1 | $0 | $0 | n/a | 0 |
| Mar 31, 2024 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2023 | 1 | $0 | $0 | n/a | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $0 | $0 | n/a | 0 |
| Jun 30, 2023 | 1 | $10.0M | $10.1M | 100c | 0 |
| Mar 31, 2023 | 1 | $10.0M | $10.1M | 100c | 0 |
| Dec 31, 2022 | 1 | $30.0M | $30.1M | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- D••• S••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Application Softwarereportedas one filer wrote it