DFX Intelligence
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Borrower
T•••• B•••• S••
group grade Aon a schedule nowsponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
109¢ · 109¢ · 108¢ · 106¢ · 105¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
105¢105¢
Principal held
at least $110M
sum of BDC pieces, a lower bound
Fair value
$124M
105c on cost, debt pieces
Unfunded
$33.1M
commitments not yet drawn
BDC lenders
4
2 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Oct 15, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
4
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••••••••• P•••••• C••••• F••• | $93.7M | 105¢ | -2 pts |
| B••••••••• S•••••• L•••••• F••• | $16.1M | 105¢ | -2 pts |
Every BDC piece · 9 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $69.2M | $77.9M 105c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $24.5M | $27.7M 104c | S+525 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $11.9M | $13.4M 105c | S+525 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $4.2M | $4.7M 106c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• 1 | Not disclosed | Not disclosed | S+525 bp |
View all 9 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• 2 | Not disclosed | Not disclosed | S+525 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• 2 | Not disclosed | Not disclosed | S+525 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• 3 | Not disclosed | Not disclosed | S+525 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• 1 | Not disclosed | Not disclosed | S+525 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| delayed draw term loan lien unstated | at least $110M | 105c | S+525 bp | Oct 17, 2031 | 2 |
| first lien delayed draw term loan first lien exited Mar 31, 2026 | at least $75.5M | 104c | S+525 bp | Oct 17, 2031 | 2 |
| other lien unstated exited Mar 31, 2026 | unknown | n/a | unstated | 4 | |
| revolver lien unstated exited Dec 31, 2024 | unknown | n/a | S+500 bp | unstated | 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 | $110M | $124M | 105c | 0 |
| Mar 31, 2026 | 4 | $182M | $190M | 106c | 0 |
| Dec 31, 2025 | 4 | $179M | $188M | 108c | 0 |
| Sep 30, 2025 | 4 | $179M | $190M | 110c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 4 | $172M | $189M | 109c | 0 |
| Mar 31, 2025 | 4 | $172M | $172M | 99c | 0 |
| Dec 31, 2024 | 4 | $334M | $316M | 95c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2026
- Facility left every BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleDec 31, 2024
- Facility left every 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
- TANGO #FRderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived