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
O•• L•• O•••• B••••• L••
Pharmaceuticalsgroup grade Aon a schedule nowsponsor unattributed
What matters now
- 99¢ → 92¢consensus mark
Consensus mark 92¢ on cost, down from 99¢ a year ago, 94¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived2 of 2 lenders' own marks, weighted by principal
Mark path, consensus per quarter end
99¢ · 98¢ · 97¢ · 94¢ · 92¢Q2 2025 to Q2 2026
Where each lender marks it, 1 points apart
92¢93¢
Principal held
at least $16.3M
sum of BDC pieces, a lower bound
Fair value
$14.8M
92c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jul 18, 2030
no dated debt inside 24 months
On the tape since
Sep 30, 2024
latest Jun 30, 2026
Events
8
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 |
|---|---|---|---|
| M••••• A••••• I••••••••• P•••••• L•••••• | $8.53M | 93¢ | -1 pts |
| M••••• F•••••••• I••••••••• C••• | $7.77M | 92¢ | -2 pts |
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• A••••• I••••••••• P•••••• L•••••• | term loan first lien F•••• L••• S•••••• D••• - T••• L••• S+500 (I•••••••• of 4.37% PIK), 1.00% F••••, M••••••• | $8.4M | $7.7M 93c | SOFR+500 bp PIK 4.37% |
| M••••• F•••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• – T••• L••• S•••+500 (I•••••••• of 4.37% PIK),, 1.00% F•••• M••••• | $6.6M | $6.1M 93c | SOFR+500 bp PIK 4.37% |
| M••••• F•••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• – R••••••• P+400, 1.00% F•••• M••••••• D••• 07/18/30 | $1.1M | $1.0M 91c | Prime+400 bp |
| M••••• A••••• I••••••••• P•••••• L•••••• | revolver first lien F•••• L••• S•••••• D••• - R••••••• P+400, 1.00% F•••• M••••••• D••• 07/18/30 | $80,000 | $71,000 90c | Prime+400 bp |
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 $15.1M | 93c | SOFR+500 bp PIK 4.37% | Jul 18, 2030 | 2 |
| first lien revolver first lien | at least $1.2M | 91c | Prime+400 bp | Jul 18, 2030 | 2 |
| first lien delayed draw term loan first lien exited Mar 31, 2026 | unknown | n/a | SOFR+500 bp | Jul 18, 2030 | 2 |
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 | $16.3M | $14.8M | 92c | 2 |
| Mar 31, 2026 | 2 | $17.0M | $15.7M | 94c | 1 |
| Dec 31, 2025 | 2 | $17.0M | $16.1M | 96c | 0 |
| Sep 30, 2025 | 1 | $8.3M | $7.9M | 98c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $7.1M | $6.8M | 98c | 0 |
| Mar 31, 2025 | 1 | $7.2M | $6.9M | 99c | 0 |
| Dec 31, 2024 | 1 | $7.2M | $7.0M | 100c | 0 |
| Sep 30, 2024 | 1 | $6.9M | $6.7M | 100c | 0 |
What changed
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2026
Full timeline · 15 eventsShow fewer
- Facility left every BDC scheduleMar 31, 2026
- New lender joined a facilityDec 31, 2025
- Spread changed (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Mark recoveredSep 30, 2025
- Spread changed (observed)Mar 31, 2025
- Spread increasedMar 31, 2025
- Spread changed (observed)Dec 31, 2024
- New borrower on a BDC scheduleSep 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- ORA ORIONderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Pharmaceuticalsreportedas one filer wrote it