DFX Intelligence
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Borrower
A•••••• F• H•••••••• L••
Also written as: A•••••• FM Holding, LLC; Emerald JV LP; Fairbanks Morse Defense; LLC - Capital Goods; LLC 655 3rd Street; LLC. First and; Suite 301 Beloit; WI 53511
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 100¢ · 100¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 1 points apart
100¢101¢
Principal held
at least $55.2M
sum of BDC pieces, a lower bound
Fair value
$55.5M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
12
8 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jun 1, 2030
no dated debt inside 24 months
On the tape since
Mar 31, 2023
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•••••••• L•••••• F••• | $18M | 100¢ | 0 pts |
| A••• S•••••••• I••••• F••• | $14.5M | 100¢ | 0 pts |
| H•• C•••••••• C•••••• S•••••••• F••• | $8.32M | 100¢ | 0 pts |
| F••••••• B•• C•••••• C••• | $4.95M | 100¢ | 0 pts |
| P••••• S••••• C•••••• B•• I••• | $2.97M | 101¢ | +1 pts |
View all 8 lendersShow fewerlargest exposure first
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $2.92M | 100¢ | 0 pts |
| B•••••••• P•••••• C••••• F••• | $2.87M | 100¢ | 0 pts |
| M••••••• C•••••••• L•••••• I••••• F•••• I••• | $665K | 100¢ | 0 pts |
Every BDC piece · 8 positions across 8 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $18.0M | $18.1M 100c | S+275 bp |
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $14.5M | $14.6M 100c | S+275 bp |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated N••••••••• I••••• | $8.3M | $8.4M 100c | S+275 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $5.0M | $5.0M 100c | S+275 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment F•••• L••• S••••• S•••••• L••• I••••••• R••• 6.60% (S + 2.75%) M••••••• D••• 6/ | $3.0M | $3.0M 101c | SOFR+275 bp |
View all 8 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.9M | $2.9M 100c | S+275 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(S) F•••• 0.75% S••••• 2.75% T•••• C••••• 6.60% M• | $2.9M | $2.9M 100c | SOFR+275 bp |
| M••••••• C•••••••• L•••••• I••••• F•••• I••• | term loan first lien S••••• S•••••• L••• T••• L••• | $664,921 | $666,677 100c | 9.09% |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $34.2M | 100c | S+275 bp | Jun 24, 2030 | 5 |
| first lien term loan first lien | at least $21.0M | 100c | SOFR+275 bp | Jun 24, 2030 | 8 |
| second lien term loan second lien exited Mar 31, 2025 | at least $4.6M | 102c | SOFR+450 bp | Jun 23, 2028 | 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 | 8 | $55.2M | $55.5M | 100c | 0 |
| Mar 31, 2026 | 8 | $35.8M | $35.8M | 100c | 0 |
| Dec 31, 2025 | 8 | $58.5M | $58.8M | 100c | 0 |
| Sep 30, 2025 | 8 | $64.2M | $64.2M | 100c | 0 |
All 14 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 5 | $30.9M | $31.1M | 101c | 0 |
| Mar 31, 2025 | 7 | $42.3M | $42.2M | 100c | 0 |
| Dec 31, 2024 | 5 | $40.8M | $41.1M | 101c | 0 |
| Sep 30, 2024 | 4 | $36.4M | $36.5M | 102c | 0 |
| Jun 30, 2024 | 4 | $20.1M | $20.1M | 102c | 0 |
| Mar 31, 2024 | 3 | $16.1M | $16.2M | 102c | 0 |
| Dec 31, 2023 | 2 | $23.4M | $23.4M | 103c | 0 |
| Sep 30, 2023 | 1 | $3.6M | $3.6M | 103c | 0 |
| Jun 30, 2023 | 1 | $3.6M | $3.5M | 101c | 0 |
| Mar 31, 2023 | 1 | $3.6M | $3.5M | 99c | 0 |
What changed
- Maturity shortened (observed)Jun 30, 2026
- Maturity extended (observed)Mar 31, 2026
- Spread changed (observed)Dec 31, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
Full timeline · 25 eventsShow fewer
- New lender joined a facilitySep 30, 2025
- Spread changed (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- New lender joined a facilityMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
- Lender left a facilityMar 31, 2025
- Lender left a facilityMar 31, 2025
- New lender joined a facilityMar 31, 2025
- New lender joined a facilityMar 31, 2025
- Maturity extended (observed)Dec 31, 2024
- Lender left a facilityDec 31, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- New lender joined a facilityJun 30, 2024
- Spread changed (observed)Mar 31, 2024
- New lender joined a facilityMar 31, 2024
- Spread changed (observed)Dec 31, 2023
- New lender joined a facilityDec 31, 2023
- Spread increasedDec 31, 2023
Sponsor
Possible relationship, not established: S•••••••• C•••••• L••, because a company of this name is on the sponsor's portfolio page (confidence 0.7). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- S•••••••• C•••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedshorehillcapital.com"••• Locked"
- A•••••• I••••••••• M••••••••• L•
- the sponsor's own portfolio page lists a company of this nameestimatedarcline.com"••• Locked"
Identity
- Group key
- ARCLINE FMderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 12 BDCsderived
- Industry
- Electrical Equipmentreportedas one filer wrote it