DFX Intelligence
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Borrower
I•• A••• P••••••••• B• N•••• L••
A•••space & Defensegroup grade Aoff every schedule since Sep 30, 2025sponsor unattributed
Also written as: P••••••••• BC N•••• LLC
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $3.5M
sum of BDC pieces, a lower bound
Fair value
$3.5M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Sep 14, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2025
latest Sep 30, 2025
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••••• D••• S•••••••• B•• | $3.48M | 100¢ | new this quarter |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• S+275, 0.50% F•••• M•••• | $3.5M | $3.5M 100c | SOFR+275 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2025 | at least $3.5M | 100c | SOFR+275 bp | Sep 14, 2029 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2025 | 1 | $3.5M | $3.5M | 100c | 0 |
What changed
- New borrower on a BDC scheduleSep 30, 2025
- Facility left every BDC scheduleSep 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
- ITP AERO PROPULSION BCderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- A•••space & Defensereportedas one filer wrote it