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
R••••• G•••• R•••••• C••••••• I••
Also written as: 9; Equity Securites; Equity Securities; Inc. (369
What matters now
- 102¢ → 97¢consensus mark
Consensus mark 97¢ on cost, down from 102¢ a year ago, 97¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived1 of 1 lender' own marks, weighted by principal
Mark path, consensus per quarter end
102¢ · 101¢ · 99¢ · 97¢ · 97¢Q2 2025 to Q2 2026
Principal held
at least $14.8M
sum of BDC pieces, a lower bound
Fair value
$11.2M
97c on cost, debt pieces
Unfunded
$3.2M
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
Dec 8, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
5
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••••• C•••••• I••••• P••• C••• | $14.8M | 97¢ | 0 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $11.6M | $11.2M 97c | S+760 bp PIK 1.50% |
| M••••• C•••••• I••••• P••• C••• | revolver first lien R•••••••) | S••••• S•••••• L•••• | $3.2M | $0 | S+760 bp PIK 1.50% |
| M••••• C•••••• I••••• P••• C••• | equity equity Series A units) | Equity S••••••••• | $0 | $16,000 4c | |
| M••••• C•••••• I••••• P••• C••• | revolver first lien R•••••••) | Not disclosed | Not disclosed |
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 $11.6M | 97c | S+760 bp PIK 1.50% | Dec 9, 2028 | 1 |
| first lien revolver first lien | at least $3.2M | n/a | S+760 bp PIK 1.50% | Dec 8, 2028 | 1 |
| first lien delayed draw term loan first lien exited Sep 30, 2024 | at least $2.5M | n/a | S+585 bp | Dec 8, 2028 | 1 |
Equity pieces beside the debt: equity ($16,000 fair value, 1 BDC)
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 | 1 | $14.8M | $11.2M | 97c | 2 |
| Mar 31, 2026 | 1 | $14.8M | $11.2M | 97c | 0 |
| Dec 31, 2025 | 1 | $14.9M | $11.4M | 99c | 0 |
| Sep 30, 2025 | 1 | $14.9M | $11.6M | 101c | 0 |
All 15 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $14.9M | $11.7M | 102c | 0 |
| Mar 31, 2025 | 1 | $15.0M | $11.8M | 102c | 0 |
| Dec 31, 2024 | 1 | $30.0M | $23.6M | 102c | 0 |
| Sep 30, 2024 | 1 | $17.5M | $11.8M | 102c | 0 |
| Jun 30, 2024 | 1 | $17.6M | $12.0M | 103c | 0 |
| Mar 31, 2024 | 1 | $17.6M | $12.0M | 103c | 0 |
| Dec 31, 2023 | 1 | $52.9M | $36.1M | 103c | 0 |
| Sep 30, 2023 | 1 | $17.7M | $12.1M | 103c | 0 |
| Jun 30, 2023 | 1 | $17.7M | $11.9M | 102c | 0 |
| Mar 31, 2023 | 1 | $17.7M | $12.1M | 103c | 0 |
| Dec 31, 2022 | 1 | $35.5M | $23.4M | 100c | 0 |
What changed
- PIK interest appearsJun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
Full timeline · 8 eventsShow fewer
- PIK interest appearsJun 30, 2026
- Facility left every BDC scheduleSep 30, 2024
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
Possible relationship, not established: V•• F••• M••••••••• L••, because a company of this name is on the sponsor's portfolio page (confidence 0.7). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- A••••••• M••••••••• L•
- the sponsor's own portfolio page lists a company of this nameestimatedastreet.com"••• Locked"
- V•• F••• M••••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedvss.com"••• Locked"
Identity
- Group key
- R••••• G•••• R••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived