DFX Intelligence
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Borrower
V•• H••••••• L••
group grade Aon a schedule nowsponsor unattributed
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
Where each lender marks it, 0 points apart
100¢100¢
Principal held
at least $39.0M
sum of BDC pieces, a lower bound
Fair value
$38.7M
100c on cost, debt pieces
Unfunded
$0
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Apr 16, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
3
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 |
|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $22.2M | 100¢ | 0 pts |
| N••••• C•••••••• D••••• L•••••• C•••• | $16.8M | 100¢ | 0 pts |
Every BDC piece · 6 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien F•••• L••• D••• 2 | $19.8M | $19.7M 100c | S+500 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien F•••• L••• D••• 2 | $15.7M | $15.5M 100c | S+500 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien F•••• L••• D••• 1 | $1.6M | $1.6M 100c | S+500 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien F•••• L••• D••• 1 | $1.1M | $1.1M 100c | S+500 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) | $794,000 | $788,000 99c | S+500 bp |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien D•••••• D••• L••• | Not disclosed | Not disclosed |
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 $38.2M | 100c | S+500 bp | Apr 16, 2030 | 2 |
| first lien delayed draw term loan first lien | at least $794,000 | 99c | S+500 bp | Apr 16, 2030 | 1 |
| other lien unstated exited Sep 30, 2025 | at least $19.8M | 100c | S+500 bp | Apr 16, 2030 | 2 |
| delayed draw term loan lien unstated exited Dec 31, 2025 | unknown | n/a | unstated | 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 | 2 | $39.0M | $38.7M | 100c | 0 |
| Mar 31, 2026 | 2 | $38.2M | $37.9M | 100c | 0 |
| Dec 31, 2025 | 2 | $38.3M | $37.4M | 100c | 0 |
| Sep 30, 2025 | 2 | $36.7M | $36.4M | 100c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $36.8M | $36.5M | 100c | 0 |
| Mar 31, 2025 | 2 | $36.9M | $36.6M | 100c | 0 |
| Dec 31, 2024 | 2 | $74.0M | $73.3M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2025
- Facility left every BDC scheduleSep 30, 2025
- New borrower on a BDC scheduleDec 31, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- VMG HOLDINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived