DFX Intelligence
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Borrower
R••••• H••••••• L••
group grade Aon a schedule nowsponsor unattributed
Also written as: Other Financial; R••••• Holding LLC
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢Q4 2025 to Q2 2026
Where each lender marks it on the second lien term loan, 0 points apart
100¢100¢
Principal held
at least $68.3M
sum of BDC pieces, a lower bound
Fair value
$552M
100c on cost, debt pieces
Unfunded
$31.8M
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
3
3 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
1
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 |
|---|---|---|---|
| B•••••• P•••••• C••••• C••• | $49.6M | 100¢ | 0 pts |
| B•••••• B••• I••• | $12.2M | 100¢ | 0 pts |
| B•••••• C•••••• I••••••••• C••• | $6.46M | 100¢ | 0 pts |
Every BDC piece · 21 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• P•••••• C••••• C••• | term loan second lien S••••• L••• S••••• S•••••• T••• L••• | $49.6M | $48.5M 100c | S+800 bp |
| B•••••• B••• I••• | term loan second lien S••••• L••• S••••• S•••••• T••• L••• | $12.2M | $11.9M 100c | S+800 bp |
| B•••••• C•••••• I••••••••• C••• | term loan second lien S••••• L••• S••••• S•••••• T••• L••• | $6.5M | $6.3M 100c | S+800 bp |
| B•••••• B••• I••• | unstated lien unstated | Not disclosed | Not disclosed | |
| B•••••• B••• I••• | preferred equity equity P•••••••• Equity | Not disclosed | Not disclosed |
View all 21 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | preferred equity equity P•••••••• LP U•••• | Not disclosed | $89.0M 100c | S+600 bp |
| B•••••• B••• I••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | |
| B•••••• B••• I••• | equity equity C••••• LP U•••• | Not disclosed | $4.7M | |
| B•••••• B••• I••• | term loan second lien S••••• L••• S•••••• L••• | F••••• | Not disclosed | $12.2M | S+800 bp |
| B•••••• C•••••• I••••••••• C••• | equity equity C••••• LP U•••• | Not disclosed | $3.0M | |
| B•••••• C•••••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | |
| B•••••• C•••••• I••••••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| B•••••• C•••••• I••••••••• C••• | preferred equity equity P•••••••• Equity | Not disclosed | Not disclosed | |
| B•••••• C•••••• I••••••••• C••• | preferred equity equity P•••••••• LP U•••• | Not disclosed | $64.2M 100c | S+600 bp PIK 9.70% |
| B•••••• P•••••• C••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | |
| B•••••• P•••••• C••••• C••• | equity equity C••••• LP U•••• | Not disclosed | $6.1M | |
| B•••••• P•••••• C••••• C••• | preferred equity equity P•••••••• Equity | Not disclosed | Not disclosed | |
| B•••••• P•••••• C••••• C••• | preferred equity equity P•••••••• LP U•••• | Not disclosed | $141M 100c | S+600 bp |
| B•••••• P•••••• C••••• C••• | term loan second lien S••••• L••• S••••• L••• | F••••• | Not disclosed | $49.6M | S+800 bp |
| B•••••• P•••••• C••••• C••• | unstated lien unstated | Not disclosed | $115M | |
| B•••••• P•••••• C••••• C••• | term loan lien unstated T••• L••• | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien | at least $68.3M | 100c | S+800 bp | unstated | 3 |
| term loan lien unstated | unknown | n/a | unstated | 1 | |
| delayed draw term loan lien unstated | unknown | n/a | unstated | 3 |
Equity pieces beside the debt: other ($115M fair value, 3 BDCs), equity ($13.8M fair value, 3 BDCs), preferred equity ($294M fair value, 3 BDCs)
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 | 3 | $68.3M | $129M | 192c | 0 |
| Mar 31, 2026 | 3 | $6.3M | $39.0M | 194c | 0 |
| Dec 31, 2025 | 3 | $5.7M | $36.9M | 251c | 0 |
| Nov 25, 2025 | 2 | $0 | $45.0M | n/a | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2025 | 3 | $0 | $0 | n/a | 0 |
| Jun 30, 2025 | 3 | $0 | $0 | n/a | 0 |
| Mar 31, 2025 | 3 | $0 | $0 | n/a | 0 |
| Dec 31, 2024 | 3 | $0 | $0 | n/a | 0 |
| Sep 30, 2024 | 3 | $0 | $0 | n/a | 0 |
| Jun 30, 2024 | 3 | $0 | $0 | n/a | 0 |
| Mar 31, 2024 | 3 | $0 | $0 | n/a | 0 |
| Dec 31, 2023 | 3 | $0 | $0 | n/a | 0 |
| Sep 30, 2023 | 3 | $0 | $0 | n/a | 0 |
| Jun 30, 2023 | 3 | $0 | $0 | n/a | 0 |
| Mar 31, 2023 | 3 | $0 | $0 | n/a | 0 |
| Feb 1, 2023 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2022 | 3 | $0 | $0 | n/a | 0 |
What changed
- New lender joined a facilityDec 31, 2025
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- ROCADEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived