DFX Intelligence
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Borrower
A•• C••••••••• I••
group grade Aoff every schedule since Mar 31, 2025sponsor unattributed
Also written as: API Military Inc; API Space Intermediate, Inc
Nothing material in the last 200 days. Last change: 31 Mar 2025, Non-accrual at 1 of 1 lender on the latest schedules, first placed in Q4 2024.
Principal held
at least $6.6M
sum of BDC pieces, a lower bound
Fair value
$2.6M
124c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Aug 1, 2025
$6.6M inside 24 months
On the tape since
Sep 30, 2022
latest Mar 31, 2025
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••• C•••••• C••• | $6.6M | 124¢ as filed, not counted | no comparable mark |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $6.6M | $2.6M 124c |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2025 | at least $6.6M | 124c | Aug 1, 2025 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2025 | 1 | $6.6M | $2.6M | 124c | 0 |
| Dec 31, 2024 | 1 | $6.6M | $3.0M | 130c | 0 |
| Sep 30, 2024 | 1 | $6.6M | $3.0M | 125c | 0 |
| Jun 30, 2024 | 1 | $6.6M | $4.9M | 204c | 0 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $6.7M | $4.7M | 196c | 0 |
| Dec 31, 2023 | 1 | $6.8M | $3.9M | 156c | 0 |
| Sep 30, 2023 | 1 | $6.9M | $4.0M | 148c | 0 |
| Jun 30, 2023 | 1 | $7.0M | $3.5M | 117c | 0 |
| Mar 31, 2023 | 1 | $7.2M | $3.6M | 113c | 0 |
| Dec 31, 2022 | 1 | $7.3M | $3.6M | 100c | 0 |
| Sep 30, 2022 | 1 | $7.4M | $3.7M | 103c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Placed on non-accrualDec 31, 2024
- Returned to accrualMar 31, 2024
- New borrower on a BDC scheduleSep 30, 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
- A•• C•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived