DFX Intelligence
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Borrower
J•• E••••••••• • M••••••••• L••
group grade Aon a schedule nowsponsor unattributed
Also written as: Common Eqiuty
Principal held
at least $64.9M
sum of BDC pieces, a lower bound
Fair value
$29.1M
28c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Jun 20, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
9
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• 2 | $36.5M | $7.7M 21c | S+600 bp PIK 9.89% |
| M••• S••••• C•••••• C••• | equity equity C••••• Equity | n/a | $0 | |
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• 1.2 | n/a | $0 | 15.00% PIK 15.00% |
| M••• S••••• C•••••• C••• | equity equity C••••• Equity 1 | n/a | $0 0c | |
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• 3 | $16.8M | $0 0c | 15.00% PIK 15.00% |
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• 1.3 | n/a | $6.3M | S+500 bp PIK 8.89% |
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• 1.1 | n/a | $7.7M | S+600 bp PIK 9.89% |
| M••• S••••• C•••••• C••• | equity equity C••••• Equity 2 | n/a | $0 0c | |
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• 1 | $6.5M | $6.3M 96c | S+500 bp PIK 8.89% |
| M•• I••••• F•••• I••• | term loan lien unstated S•••••• D••• 3 | $1.4M | $0 0c | 15.00% PIK 15.00% |
| M•• I••••• F•••• I••• | equity equity C••••• Equity 2 | n/a | $0 0c | |
| M•• I••••• F•••• I••• | term loan lien unstated S•••••• D••• 1 | $544,000 | $523,000 96c | S+500 bp PIK 8.89% |
| M•• I••••• F•••• I••• | equity equity C••••• Equity 1 | n/a | $0 0c | |
| M•• I••••• F•••• I••• | term loan lien unstated S•••••• D••• 2 | $3.0M | $640,000 21c | S+600 bp PIK 9.89% |
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 | $64.9M | $29.1M | 55c | 9 |
| Mar 31, 2026 | 2 | $64.9M | $31.6M | 59c | 9 |
| Dec 31, 2025 | 2 | $64.6M | $135M | 254c | 6 |
| Sep 30, 2025 | 2 | $63.5M | $99.9M | 192c | 6 |
| Jun 30, 2025 | 2 | $50.9M | $38.5M | 76c | 0 |
| Mar 31, 2025 | 2 | $50.9M | $48.3M | 96c | 0 |
| Dec 31, 2024 | 2 | $103M | $188M | 184c | 0 |
| Sep 30, 2024 | 2 | $51.5M | $48.7M | 96c | 0 |
| Jun 30, 2024 | 2 | $51.2M | $49.0M | 97c | 0 |
| Mar 31, 2024 | 2 | $50.3M | $50.3M | 101c | 0 |
| Dec 31, 2023 | 2 | $42.4M | $42.4M | 101c | 0 |
| Sep 30, 2023 | 2 | $41.1M | $41.1M | 102c | 0 |
| Jun 30, 2023 | 2 | $39.5M | $39.4M | 101c | 0 |
| Mar 31, 2023 | 2 | $39.8M | $39.6M | 102c | 0 |
| Dec 31, 2022 | 2 | $40.0M | $39.9M | 102c | 0 |
| Sep 30, 2022 | 1 | $37.4M | $37.2M | 101c | 0 |
| Dec 31, 2021 | 1 | $75.8M | $73.9M | 100c | 0 |
What changed
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down across lendersDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Mark recoveredSep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Marked down across lendersJun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Sep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- New lender joined a facilityDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- JTI ELECTRICAL AND MECHANICALderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived