DFX Intelligence
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Borrower
W•••••• L••••••• L•
Passenger Airlinesgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $6.6M
sum of BDC pieces, a lower bound
Fair value
$6.4M
97c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Feb 14, 2031
no dated debt inside 24 months
On the tape since
Mar 31, 2024
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 |
|---|---|---|---|---|---|
| other lien unstated | at least $5.7M | 97c | S+275 bp | Feb 14, 2031 | 1 |
| first lien term loan first lien | at least $948,000 | 97c | SOFR+275 bp | Feb 28, 2031 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••• P•••••• C••••• I••••• C••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 275 I••••••• R••• 6. | $948,000 | $921,000 97c | SOFR+275 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $5.7M | $5.5M 97c | S+275 bp |
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 | $6.6M | $6.4M | 97c | 0 |
| Mar 31, 2026 | 2 | $6.6M | $6.4M | 97c | 0 |
| Dec 31, 2025 | 2 | $7.6M | $7.6M | 102c | 0 |
| Sep 30, 2025 | 2 | $7.2M | $7.2M | 101c | 0 |
| Jun 30, 2025 | 2 | $7.1M | $7.1M | 101c | 0 |
| Mar 31, 2025 | 1 | $5.7M | $5.5M | 97c | 0 |
| Dec 31, 2024 | 1 | $5.8M | $5.8M | 101c | 0 |
| Sep 30, 2024 | 2 | $10.7M | $10.6M | 100c | 0 |
| Jun 30, 2024 | 1 | $5.8M | $5.8M | 101c | 0 |
| Mar 31, 2024 | 1 | $5.8M | $5.8M | 101c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- Marked down (one lender)Mar 31, 2026
- Lender left a facilitySep 30, 2024
- New borrower on a BDC scheduleMar 31, 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
- W•••••• L••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Passenger Airlinesreportedas one filer wrote it