DFX Intelligence
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Borrower
C••••• H••••• S••••••••• I••
group grade Aon a schedule nowsponsor unattributed
Also written as: First Lien; Inc. - Funded
Principal held
at least $20.4M
sum of BDC pieces, a lower bound
Fair value
$2.6M
13c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jul 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
16
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 $20.4M | 13c | S+131 bp PIK 3.94% | Jul 1, 2029 | 3 |
| other lien unstated exited Dec 31, 2022 | at least $4.5M | 98c | S+525 bp | Sep 1, 2026 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 2 | $100,000 | $0 0c | |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 1 | $100,000 | $0 0c | |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 3 | $1.9M | $300,000 16c | |
| N•• M••••••• F•••••• C••• | term loan first lien F•••• lien 2 | $2.2M | $273,000 13c | S+131 bp PIK 3.94% |
| N•• M••••••• F•••••• C••• | term loan first lien F•••• lien 1 | $13.1M | $1.6M 13c | S+131 bp PIK 3.94% |
| N•• M••••••• F•••••• C••• | term loan first lien F••••• Investments - F•••• lien | n/a | n/a | S+131 bp |
| N•• M••••••• F•••••• C••• | term loan first lien F•••• lien | n/a | n/a | S+131 bp |
| N•• S•• I• I••• | term loan first lien F•••• L••• | n/a | n/a | S+131 bp |
| N•• S•• I• I••• | term loan first lien F•••• L••• | N••••••••• I••••• | $3.1M | $386,000 13c | S+131 bp PIK 3.94% |
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 | $20.4M | $2.6M | 13c | 3 |
| Mar 31, 2026 | 3 | $20.7M | $13.4M | 65c | 3 |
| Dec 31, 2025 | 3 | $21.1M | $15.5M | 74c | 3 |
| Sep 30, 2025 | 3 | $20.9M | $17.5M | 84c | 6 |
| Jun 30, 2025 | 3 | $20.8M | $18.8M | 90c | 6 |
| Mar 31, 2025 | 3 | $20.7M | $18.9M | 92c | 6 |
| Dec 31, 2024 | 3 | $39.0M | $35.3M | 91c | 9 |
| Sep 30, 2024 | 3 | $20.3M | $18.3M | 90c | 6 |
| Jun 30, 2024 | 3 | $29.5M | $25.3M | 86c | 0 |
| Mar 31, 2024 | 3 | $29.5M | $25.6M | 87c | 0 |
| Dec 31, 2023 | 3 | $51.8M | $45.6M | 89c | 0 |
| Sep 30, 2023 | 3 | $29.7M | $26.2M | 89c | 0 |
| Jun 30, 2023 | 3 | $29.7M | $28.9M | 98c | 0 |
| Mar 31, 2023 | 3 | $29.8M | $29.7M | 100c | 0 |
| Dec 31, 2022 | 3 | $34.4M | $33.3M | 98c | 0 |
| Sep 30, 2022 | 2 | $25.3M | $24.9M | 99c | 0 |
| Dec 31, 2021 | 2 | $22.0M | $22.0M | 101c | 0 |
What changed
- Marked down across lendersJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down across lendersMar 31, 2026
- non accrual placedMar 31, 2026
- non accrual placedMar 31, 2026
- non accrual placedMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Spread changed (observed)Dec 31, 2025
- Marked down across lendersDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down across lendersSep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Spread changed (observed)Jun 30, 2025
- PIK interest increasedMar 31, 2025
- PIK interest increasedMar 31, 2025
- Spread changed (observed)Dec 31, 2024
- PIK interest increasedDec 31, 2024
- PIK interest appearsSep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- PIK interest appearsSep 30, 2024
- PIK interest appearsSep 30, 2024
- PIK interest appearsSep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 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
- C••••• H••••• S••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived