DFX Intelligence
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Borrower
G•••• I••••••••• I•• I••
group grade Aoff every schedule since Mar 31, 2025sponsor unattributed
Also written as: Inc. G•••• Topco Holdings, LLC
Nothing material in the last 200 days. Last change: 31 Mar 2025, $24.2M principal held by 2 lenders; matures Aug 2028.
Mark path, consensus per quarter end
101¢ · 100¢ · 100¢ · 101¢ · 101¢Q1 2024 to Q1 2025
Where each lender marks it, 0 points apart
101¢101¢
Principal held
at least $24.2M
sum of BDC pieces, a lower bound
Fair value
$24.5M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Aug 8, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2023
latest Mar 31, 2025
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| S•••••• C•••••• I••••••••• C••• | $12.7M | 101¢ | 0 pts |
| S•••••• P•••••• C••••• B•• | $11.5M | 101¢ | 0 pts |
Every BDC piece · 10 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••• C•••••• I••••••••• C••• | term loan lien unstated T••• L••• | $11.0M | $10.9M 101c | //stelluscapital.com/20250331#Three Month Term Secured Overnight Financing Rate+600 bp |
| S•••••• P•••••• C••••• B•• | term loan lien unstated T••• L••• One | $3.8M | $3.8M 101c | SOFR+600 bp |
| S•••••• P•••••• C••••• B•• | term loan lien unstated T••• L••• Two | $3.6M | $3.6M 101c | SOFR+600 bp |
| S•••••• P•••••• C••••• B•• | term loan lien unstated T••• L••• (P••• SPV) | $2.4M | $2.4M 101c | SOFR+600 bp |
| S•••••• C•••••• I••••••••• C••• | term loan lien unstated T••• L••• Two | $1.3M | $1.3M 101c | //stelluscapital.com/20250331#One Month Term Secured Overnight Financing Rate+600 bp |
View all 10 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••• P•••••• C••••• B•• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | $984,491 | $974,646 100c | SOFR+600 bp |
| S•••••• P•••••• C••••• B•• | delayed draw term loan lien unstated D•••••• D••• T••• L••• (P••• SPV) | $629,429 | $623,135 100c | SOFR+600 bp |
| S•••••• C•••••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | $403,026 | $398,996 100c | //stelluscapital.com/20250331#Three Month Term Secured Overnight Financing Rate+600 bp |
| S•••••• C•••••• I••••••••• C••• | equity equity C•••• A U•••• | Not disclosed | $346,391 171c | |
| S•••••• P•••••• C••••• B•• | equity equity C•••• A U•••• | Not disclosed | $248,256 171c |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated exited Mar 31, 2025 | at least $22.2M | 101c | //stelluscapital.com/20250331#One Month Term Secured Overnight Financing Rate+600 bp | Aug 8, 2028 | 2 |
| delayed draw term loan lien unstated exited Mar 31, 2025 | at least $2.0M | 100c | SOFR+600 bp | Aug 8, 2028 | 2 |
Equity pieces beside the debt: equity ($594,647 fair value, 2 BDCs)
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, 2025 | 2 | $24.2M | $23.9M | 101c | 0 |
| Dec 31, 2024 | 2 | $47.2M | $46.8M | 101c | 0 |
| Sep 30, 2024 | 2 | $19.4M | $19.0M | 100c | 0 |
| Jun 30, 2024 | 2 | $19.4M | $19.0M | 100c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 2 | $19.5M | $19.2M | 101c | 0 |
| Dec 31, 2023 | 2 | $27.5M | $27.0M | 100c | 0 |
| Sep 30, 2023 | 2 | $12.4M | $18.6M | 100c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
- Spread changed (observed)Dec 31, 2024
- Spread changed (observed)Dec 31, 2024
- New borrower on a BDC scheduleSep 30, 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
- GREEN INTERMEDIATECOderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived