DFX Intelligence
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Borrower
L••••••••• H•••••• L••
Independent Power and Renewable Electricity Producersgroup grade Aoff every schedule since Jun 30, 2025sponsor unattributed
Principal held
at least $80.5M
sum of BDC pieces, a lower bound
Fair value
$80.5M
101c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
5
3 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jan 1, 2027
$80.5M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2025
Events
3
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2025 | at least $63.9M | 100c | SOFR+575 bp | Feb 1, 2027 | 3 |
| other lien unstated exited Jun 30, 2025 | at least $16.7M | 104c | S+575 bp | Jan 29, 2027 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $49.4M | $49.3M 100c | S+575 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $15.8M | $15.8M 104c | S+575 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $892,000 | $891,000 104c | S+575 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien F•••• L••• S••••• S•••••• I••••••• I••••••••• P•••• and R•••••••• E••••••••• P•••••••• I•• | $776,810 | $778,830 103c | SOFR+575 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien F•••• L••• S••••• S•••••• I••••••• I••••••••• P•••• and R•••••••• E••••••••• P•••••••• I•• | $13.7M | $13.8M 103c | SOFR+575 bp |
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, 2025 | 3 | $80.5M | $80.5M | 101c | 0 |
| Mar 31, 2025 | 3 | $45.2M | $45.4M | 103c | 0 |
| Dec 31, 2024 | 3 | $55.2M | $55.8M | 105c | 0 |
| Sep 30, 2024 | 2 | $31.5M | $31.9M | 107c | 0 |
| Jun 30, 2024 | 1 | $16.9M | $16.6M | 105c | 0 |
| Mar 31, 2024 | 1 | $16.9M | $16.4M | 104c | 0 |
| Dec 31, 2023 | 2 | $17.4M | $16.6M | 104c | 0 |
| Sep 30, 2023 | 1 | $10.0M | $9.3M | 103c | 0 |
| Jun 30, 2023 | 1 | $7.4M | $6.7M | 100c | 0 |
| Mar 31, 2023 | 1 | $7.4M | $6.3M | 95c | 0 |
| Dec 31, 2022 | 2 | $21.0M | $19.2M | 102c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Lender left a facilityJun 30, 2025
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2023
- Marked down (one lender)Mar 31, 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
- LIGHTSTONEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived
- Industry
- Independent Power and Renewable Electricity Producersreportedas one filer wrote it