DFX Intelligence
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Borrower
G•• H•••••••• L••
Aerospace & Defensegroup grade Aon a schedule nowsponsor unattributed
What matters now
- $16.2Mprincipal outstanding
$16.2M principal held by 2 lenders; matures Nov 2026.
Q2 2026 · Refinancing is due in 1 month at a 94¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
93¢ · 93¢ · 92¢ · 94¢ · 94¢Q2 2025 to Q2 2026
Principal held
at least $16.2M
sum of BDC pieces, a lower bound
Fair value
$15.4M
94c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Nov 6, 2026
$16.2M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
17
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 |
|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | $16.1M | 94¢ | 0 pts |
| A•••••• P•••••• C••••• F••• | $105K | 96¢ | +3 pts |
Every BDC piece · 5 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• F•••• 1.00% S••••• 2.28% (3.62% PIK) I••••••• R••• 9.6 | $10.0M | $9.5M 94c | SOFR+228 bp PIK 3.62% |
| B••• C•••••• S•••••••• F••••••• I••• | revolver first lien F•••• L••• S••••• S•••••• L••• - R••••••• S••• F•••• 1.00% S••••• 2.28% (3.62% PIK) I••••• | $4.9M | $4.6M 95c | SOFR+228 bp PIK 3.62% |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• F•••• 1.00% S••••• 2.28% (3.62% PIK) I••••••• R••• 9.6 | $1.2M | $1.1M 95c | SOFR+228 bp PIK 3.62% |
| A•••••• P•••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 6.50% I••••••• R••• 10.40% ( | $105,000 | $101,000 96c | SOFR+650 bp PIK 0.75% |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• F•••• 1.00% S••••• 2.28% (3.62% PIK) I••••••• R••• 9.6 | $78,000 | $74,000 95c | SOFR+228 bp PIK 3.62% |
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 $11.3M | 94c | SOFR+228 bp PIK 3.62% | Nov 5, 2027 | 2 |
| first lien revolver first lien | at least $4.9M | 95c | SOFR+228 bp PIK 3.62% | Nov 5, 2027 | 1 |
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 | $16.2M | $15.4M | 94c | 5 |
| Mar 31, 2026 | 2 | $16.1M | $15.3M | 94c | 5 |
| Dec 31, 2025 | 2 | $15.7M | $14.6M | 92c | 3 |
| Sep 30, 2025 | 2 | $15.6M | $14.5M | 93c | 4 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $15.3M | $14.2M | 93c | 1 |
| Mar 31, 2025 | 2 | $15.3M | $14.3M | 93c | 0 |
| Dec 31, 2024 | 2 | $14.2M | $14.1M | 99c | 0 |
| Sep 30, 2024 | 1 | $13.9M | $13.8M | 99c | 0 |
| Jun 30, 2024 | 1 | $14.2M | $13.7M | 97c | 0 |
| Mar 31, 2024 | 1 | $39.2M | $37.8M | 96c | 0 |
| Dec 31, 2023 | 1 | $37.5M | $35.7M | 95c | 0 |
| Sep 30, 2023 | 1 | $37.6M | $35.0M | 93c | 2 |
| Jun 30, 2023 | 1 | $37.7M | $35.1M | 93c | 2 |
| Mar 31, 2023 | 1 | $35.5M | $33.2M | 93c | 1 |
| Dec 31, 2022 | 1 | $75.3M | $70.4M | 93c | 3 |
| Sep 30, 2022 | 1 | $35.5M | $33.4M | 94c | 1 |
| Dec 31, 2021 | 1 | $35.6M | $33.0M | 93c | 1 |
What changed
- Maturity approachingNov 5, 2027
- Maturity approachingNov 5, 2027
- Spread changed (observed)Jun 30, 2026
- PIK interest increasedJun 30, 2026
- PIK interest increasedJun 30, 2026
Full timeline · 28 eventsShow fewer
- Spread changed (observed)Jun 30, 2026
- PIK interest increasedJun 30, 2026
- PIK interest increasedJun 30, 2026
- Spread changed (observed)Mar 31, 2026
- PIK interest appearsMar 31, 2026
- Spread changed (observed)Mar 31, 2026
- PIK interest appearsMar 31, 2026
- Spread changed (observed)Dec 31, 2025
- Spread increasedDec 31, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsJun 30, 2025
- PIK interest appearsJun 30, 2025
- Maturity extended (observed)Mar 31, 2025
- Marked down across lendersMar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Marked down across lendersMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Dec 31, 2024
- Mark recoveredMar 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
- GSP HOLDINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Aerospace & Defensereportedas one filer wrote it