DFX Intelligence
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Borrower
C•••••• A••••••••• L••
Health Care Equipment & Suppliesgroup grade Aon a schedule nowsponsor unattributed
Also written as: C••••••A••••••.com, LLC; LLC Incremental Term Facility; LLC Term Facility
Principal held
at least $135M
sum of BDC pieces, a lower bound
Fair value
$124M
94c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
7
7 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Oct 11, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
2
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 $99.4M | 95c | SOFR+675 bp PIK 4.00% | Oct 11, 2029 | 6 |
| other lien unstated | at least $35.8M | 92c | S+764 bp PIK 4.72% | Oct 11, 2029 | 2 |
Equity pieces beside the debt: equity (n/a fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated N••••••••• I••••• | $35.8M | $32.4M 92c | S+764 bp PIK 4.72% |
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 10.48% - S••••• 2.75% - PIK R••• 4.00% - R• | $26.3M | $24.8M 96c | SOFR+275 bp PIK 4.00% |
| K•••• D• 2•••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 10.48% - S••••• 2.75% - PIK R••• 4.00% - R• | $5.0M | $4.7M 96c | SOFR+275 bp PIK 4.00% |
| O••• D••••• L•••••• B•• F••• | term loan first lien F•••• L••• T••• L••• R•••••••• R••• and S••••• 3M S••• + 2.75% F•••• 1.75% I••••••• R••• 1 | $5.1M | $4.3M 84c | SOFR+275 bp PIK 4.00% |
| O••• D••••• L•••••• B•• F••• | equity equity C••••• Equity I•••••• A••••••••• D••• 12/15/2022 | n/a | n/a n/a | |
| T•• D••••• L•••••• V••• L•• | term loan first lien A••••••••• D••• 10/11/24 L••• Out T••• L••• - 10.48% (S••• + 6.75%, 1.75% F••••, 4.00% PIK | $26.6M | $24.5M 93c | SOFR+675 bp PIK 4.00% |
| T•• S•••••••• L•••••• L•• | term loan first lien A••••••••• D••• 10/11/24 L••• Out T••• L••• - 10.48% inc PIK (S••• + 6.75%, 1.75% F••••, 4 | $27.1M | $25.0M 98c | SOFR+675 bp PIK 4.00% |
| T•• S••• D••••• L•••••• L•• | term loan first lien A••••••••• D••• 10/11/24 Investment L••• Out T••• L••• – 10.48% inc PIK (S••• + 6.75%, 1.7 | $9.3M | $8.6M 93c | SOFR+675 bp PIK 4.00% |
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 | $135M | $124M | 94c | 7 |
| Mar 31, 2026 | 6 | $131M | $122M | 94c | 0 |
| Dec 31, 2025 | 6 | $148M | $152M | 98c | 0 |
| Sep 30, 2025 | 5 | $127M | $124M | 99c | 0 |
| Jun 30, 2025 | 4 | $101M | $99.1M | 99c | 0 |
| Mar 31, 2025 | 4 | $96.4M | $94.9M | 100c | 0 |
| Dec 31, 2024 | 5 | $157M | $155M | 100c | 0 |
| Sep 30, 2024 | 1 | $21.8M | $21.8M | 101c | 0 |
| Jun 30, 2024 | 1 | $21.9M | $21.9M | 101c | 0 |
| Mar 31, 2024 | 1 | $22.0M | $21.9M | 101c | 0 |
| Dec 31, 2023 | 1 | $44.2M | $43.6M | 100c | 0 |
| Sep 30, 2023 | 1 | $22.2M | $21.8M | 100c | 0 |
| Jun 30, 2023 | 1 | $22.2M | $21.7M | 99c | 0 |
| Dec 31, 2022 | 1 | $22.3M | $21.7M | 99c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- PIK interest appearsJun 30, 2026
- New lender joined a facilityJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- New lender joined a facilityDec 31, 2025
- Spread increasedSep 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- Maturity shortened (observed)Sep 30, 2024
- Maturity extended (observed)Dec 31, 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
- CONNECT AMERICA COMderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 7 BDCsderived
- Industry
- Health Care Equipment & Suppliesreportedas one filer wrote it