DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
S•••• S•••••• H•••••• L••
group grade Aon a schedule nowsponsor unattributed
Also written as: Carolina Topco Holdings, LP
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 101¢ · 101¢ · 101¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
101¢101¢
Principal held
at least $15.6M
sum of BDC pieces, a lower bound
Fair value
$16.9M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
Jun 6, 2030
no dated debt inside 24 months
On the tape since
Jun 30, 2025
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 |
|---|---|---|---|
| S•••••• C•••••• I••••••••• C••• | $9.9M | 101¢ | 0 pts |
| S•••••• P•••••• C••••• B•• | $5.72M | 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••• | $5.6M | $5.6M 102c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bp |
| S•••••• C•••••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | $4.2M | $4.2M 101c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bp |
| S•••••• P•••••• C••••• B•• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | $2.3M | $2.3M 101c | SOFR+525 bp |
| S•••••• P•••••• C••••• B•• | term loan lien unstated T••• L••• | $1.6M | $1.6M 102c | SOFR+525 bp |
| S•••••• P•••••• C••••• B•• | term loan lien unstated T••• L•••, One | $995,000 | $995,000 102c | SOFR+525 bp |
View all 10 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••• P•••••• C••••• B•• | term loan lien unstated T••• L••• (P••• SPV) | $643,020 | $643,020 102c | SOFR+525 bp |
| S•••••• P•••••• C••••• B•• | revolver lien unstated R••••••• | $222,070 | $222,070 100c | SOFR+525 bp |
| S•••••• C•••••• I••••••••• C••• | revolver lien unstated R••••••• | $16,560 | $16,560 100c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bp |
| S•••••• C•••••• I••••••••• C••• | equity equity C•••• A-1 U•••• | Not disclosed | $832,517 121c | |
| S•••••• P•••••• C••••• B•• | equity equity C•••• A-1 U•••• | Not disclosed | $486,341 121c |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated | at least $8.8M | 102c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bp | Jun 6, 2030 | 2 |
| delayed draw term loan lien unstated | at least $6.5M | 101c | SOFR+525 bp | Jun 6, 2030 | 2 |
| revolver lien unstated | at least $238,630 | 100c | SOFR+525 bp | Jun 6, 2030 | 2 |
Equity pieces beside the debt: equity ($1.3M 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 |
|---|---|---|---|---|---|
| Jun 30, 2026 | 2 | $15.6M | $15.6M | 101c | 0 |
| Mar 31, 2026 | 2 | $15.4M | $15.4M | 101c | 0 |
| Dec 31, 2025 | 2 | $18.2M | $18.2M | 101c | 0 |
| Sep 30, 2025 | 2 | $2.2M | $7.8M | 100c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $7.9M | $7.8M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- Spread changed (observed)Jun 30, 2026
- New borrower on a BDC scheduleJun 30, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SOLID SURFACEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived