DFX Intelligence
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Borrower
B• L•••• P••••••••• I• S•••••••• L••
High Tech Industriesgroup grade Aon a schedule nowsponsor unattributed
Also written as: 18; 2025; 28; Buildertrend; LLC - Funded; LLC - Unfunded; LLC Acquisition 11; LLC Acquisition 8
Principal held
at least $226M
sum of BDC pieces, a lower bound
Fair value
$217M
98c on cost, debt pieces
Unfunded
$6.0M
commitments not yet drawn
BDC lenders
7
7 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jul 1, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2026
Events
10
dated, non-routine
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 $222M | 98c | SOFR+550 bp | Jul 15, 2031 | 7 |
| first lien revolver first lien | at least $4.9M | 97c | SOFR+550 bp | Jul 15, 2031 | 7 |
| revolver lien unstated | unknown | n/a | unstated | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• C•••••• C••• | term loan first lien F•••• lien senior secured loan | N••••••••• | $45.6M | $44.0M 98c | S+550 bp |
| B••• O•• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | n/a | $0 | S+550 bp |
| B••• O•• C•••••• C••• I• | revolver first lien F•••• lien senior secured revolving loan | N••••••••• | n/a | n/a | S+550 bp |
| B••• O•• C•••••• C••• I• | term loan first lien F•••• lien senior secured loan | Non A••••••••• | $4.9M | $4.7M 98c | S+550 bp |
| B••• O•• C••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | N••••••••• I••••• | $101M | $97.2M 98c | S+550 bp |
| B••• O•• C••••• I••••• C•••• | revolver first lien F•••• lien senior secured revolving loan | N•••••••••/non-affiliated | n/a | n/a | S+550 bp |
| B••• O•• T••••••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | $12.7M | $12.3M 98c | S+550 bp |
| B••• O•• T••••••••• I••••• C•••• | revolver first lien F•••• lien senior secured revolving loan | n/a | $0 | S+550 bp |
| C•••••••• L•••••• S••••••••• L•• | term loan first lien F••••••••• loan | $6.1M | $6.0M 100c | S+550 bp |
| C•••••••• L•••••• S••••••••• L•• | revolver lien unstated R••••••• | n/a | n/a | |
| C•••••••• L•••••• S••••••••• L•• | revolver first lien F••••••••• revolving loan | $223,000 | $219,000 101c | S+550 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• A••••••••• 11/18/2025 M••••••• 7/15/2031 I••••••• A•••••••• and D• | $7.0M | $6.9M 99c | //www.pennantpark.com/20260630#Secured Overnight Financing Rate+550 bp |
| P••••••••• F••••••• R••• C•••••• L••• | revolver first lien F•••• L••• S•••••• D••• R••••••• A••••••••• 7/15/2025 M••••••• 7/15/2031 I••••••• H••• T•• | $1.8M | $-28,000 | S+550 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• A••••••••• 7/15/2025 M••••••• 7/15/2031 I••••••• H••• T••• I•••••• | $23.3M | $23.0M 99c | SOFR+550 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• A••••••••• 8/28/2025 M••••••• 7/15/2031 I••••••• H••• T••• I•••••• | $18.4M | $18.1M 99c | SOFR+550 bp |
| P••••••••• F••••••• R••• C•••••• L••• | revolver first lien F•••• L••• S•••••• D••• R••••••• A••••••••• 7/15/2025 M••••••• 7/15/2031 I••••••• H••• T•• | $1.8M | $1.8M 98c | SOFR+550 bp |
| P••••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• A••••••••• 07/15/2025 M••••••• 07/15/2031 I••••••• B••••••• Servic | $2.6M | $2.6M 99c | SOFR+5 bp |
| P••••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• R••••••• A••••••••• 07/15/2025 M••••••• 07/15/2031 I••••••• B••••• | $494,000 | $487,000 99c | SOFR+550 bp |
| P••••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• R••••••• A••••••••• 07/15/2025 M••••••• 07/15/2031 I••••••• B••••• | $494,000 | $-7,000 | S+550 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, 2026 | 7 | $226M | $217M | 98c | 0 |
| Mar 31, 2026 | 7 | $221M | $210M | 98c | 0 |
| Dec 31, 2025 | 7 | $202M | $219M | 110c | 0 |
| Sep 30, 2025 | 7 | $254M | $246M | 100c | 0 |
| Jun 30, 2025 | 2 | $81.7M | $76.9M | 100c | 0 |
| Mar 31, 2025 | 2 | $108M | $77.2M | 79c | 0 |
| Dec 31, 2024 | 2 | $65.2M | $59.4M | 100c | 0 |
| Sep 30, 2024 | 1 | $198M | $180M | 100c | 0 |
| Jun 30, 2024 | 1 | $41.3M | $37.6M | 100c | 0 |
| Mar 31, 2024 | 1 | $41.8M | $37.8M | 99c | 0 |
| Dec 31, 2023 | 1 | $42.2M | $37.8M | 98c | 0 |
| Sep 30, 2023 | 1 | $56.8M | $52.3M | 99c | 0 |
| Jun 30, 2023 | 1 | $43.4M | $39.2M | 98c | 0 |
| Mar 31, 2023 | 1 | $43.9M | $43.2M | 99c | 0 |
| Sep 30, 2022 | 1 | $92.8M | $85.5M | 100c | 0 |
What changed
- New lender joined a facilityJun 30, 2026
- Spread changed (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity shortened (observed)Jun 30, 2025
- Maturity shortened (observed)Jun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- New lender joined a facilityMar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Sep 30, 2023
- Spread changed (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Sep 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
- B• L•••• P••••••••• I• S•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 7 BDCsderived
- Industry
- High Tech Industriesreportedas one filer wrote it