DFX Intelligence
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Borrower
F••••• H•••••• A•
Application Softwaregroup grade Bon a schedule nowsponsor unattributed
Principal held
at least $21.3M
sum of BDC pieces, a lower bound
Fair value
$21.1M
99c on cost, debt pieces
Unfunded
$2.6M
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Oct 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
1
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 $21.3M | 99c | S+60 bp PIK 3.00% | Oct 1, 2029 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | unstated lien unstated | n/a | n/a | |
| H••••••• C••••••• I••• | warrants equity W••••••, 10/24/2025, C••••• S•••• | n/a | $44,000 86c | |
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, O•••••• 2029, P•••• + 0.60%, F•••• rate 7.10%, Cap rate 8.60%, PIK I•••••• | $21.3M | $21.0M 99c | S+60 bp PIK 3.00% |
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 | 1 | $21.3M | $21.0M | 99c | 1 |
| Mar 31, 2026 | 1 | $18.6M | $18.4M | 100c | 1 |
| Dec 31, 2025 | 1 | $18.4M | $18.2M | 100c | 1 |
| Dec 31, 2024 | 1 | $0 | $0 | n/a | 0 |
What changed
- New borrower on a BDC scheduleDec 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
- FUNNEL #NOderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Application Softwarereportedas one filer wrote it