DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
T•••••• A••••••••• C•••
Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: T••••••
What matters now
- $112Mprincipal outstanding
$112M principal held by 4 lenders; matures Mar 2028.
Q2 2026 · Refinancing is due in 18 months at a 103¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 102¢ · 103¢Q2 2025 to Q2 2026
Where each lender marks it, 6 points apart
100¢106¢
Principal held
at least $112M
sum of BDC pieces, a lower bound
Fair value
$103M
104c on cost, debt pieces
Unfunded
$21.8M
commitments not yet drawn
BDC lenders
4
4 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Mar 10, 2028
$112M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
10
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 |
|---|---|---|---|
| H•• C•••••••• L•••••• F••• | $59.4M | 106¢ | 0 pts |
| A•••••• S•••••••• C••••• F••• | $41.5M | 100¢ | +1 pts |
| A•••••• P•••••• C••••• F••• | $10.8M | 100¢ | +1 pts |
| R••••• C•••••• C••• | no principal filed | 100¢ | 0 pts |
Every BDC piece · 22 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H•• C•••••••• L•••••• F••• | revolver first lien N••••••••• I••••• | $35.3M | $46.9M 109c | S+475 bp |
| H•• C•••••••• L•••••• F••• | revolver first lien N••••••••• I••••• | $20.8M | $20.8M 100c | S+475 bp |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 4.75% I••••••• | $10.8M | $10.8M 100c | SOFR+475 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 4.75% I••••••• R••• 8.50% M• | $8.8M | $8.8M 100c | SOFR+475 bp |
| A•••••• S•••••••• C••••• F••• | revolver first lien Asset T••• F•••• L••• R••••••• R•••••••• R••• and S••••• S + 4.75% I••••••• R••• 8.50% M•• | $7.0M | $0 0c | SOFR+475 bp |
View all 22 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 4.75% I••••••• | $6.7M | $0 0c | SOFR+475 bp |
| A•••••• P•••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 4.75% I••••••• R••• 8.50% M• | $5.4M | $5.4M 100c | SOFR+475 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 4.75% I••••••• R••• 8.50% M• | $4.0M | $4.0M 100c | SOFR+475 bp |
| H•• C•••••••• L•••••• F••• | revolver first lien N••••••••• I••••• | $3.3M | $0 0c | |
| A•••••• P•••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 4.75% I••••••• | $2.4M | $2.4M 101c | SOFR+475 bp |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• SON + 4.75% I•••••• | $2.3M | $1.2M 98c | //www.Antares.com/20260630#Sterling Overnight Index Average+475 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 4.75% I••••••• R••• 8.50% M• | $1.8M | $1.8M 100c | SOFR+475 bp |
| A•••••• P•••••• C••••• F••• | revolver first lien Asset T••• F•••• L••• R••••••• R•••••••• R••• and S••••• S + 4.75% I••••••• R••• 8.50% M•• | $1.6M | $0 0c | SOFR+475 bp |
| A•••••• P•••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 4.75% I••••••• | $1.4M | $0 0c | SOFR+475 bp |
| A•••••• P•••••• C••••• F••• | revolver first lien C••••••••• T••• R••••••• C••••••••• E••••••••• D••• 3/10/2028 | Not disclosed | $-0 | |
| A•••••• P•••••• C••••• F••• | delayed draw term loan first lien C••••••••• T••• D•••••• D••• T••• L••• C••••••••• E••••••••• D••• 2/13/2028 | Not disclosed | $-0 | |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien C••••••••• T••• D•••••• D••• T••• L••• C••••••••• E••••••••• D••• 2/13/2028 | Not disclosed | $-0 | |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien C••••••••• T••• D•••••• D••• T••• L••• C••••••••• E••••••••• D••• 8/15/2026 | Not disclosed | $-0 | |
| A•••••• S•••••••• C••••• F••• | revolver first lien C••••••••• T••• R••••••• C••••••••• E••••••••• D••• 3/10/2028 | Not disclosed | $-0 | |
| H•• C•••••••• L•••••• F••• | revolver first lien 1st L••• S••••• S•••••• R•••••••• L••• | Not disclosed | Not disclosed | |
| R••••• C•••••• C••• | term loan first lien F•••• L••• S••••• S•••••• L••• | Not disclosed | $899,000 100c | 4.75% |
| R••••• C•••••• C••• | delayed draw term loan first lien D•••••• D••• F•••• L••• S••••• S•••••• L••• | Not disclosed | $0 | 4.75% |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien revolver first lien | at least $68.0M | 106c | SOFR+475 bp | Mar 10, 2028 | 3 |
| first lien delayed draw term loan first lien | at least $23.7M | 100c | SOFR+475 bp | Mar 10, 2028 | 3 |
| first lien term loan first lien | at least $20.0M | 100c | SOFR+475 bp | Mar 10, 2028 | 3 |
| other lien unstated exited Mar 31, 2026 | unknown | 101c | S+475 bp | Mar 10, 2028 | 1 |
| delayed draw term loan lien unstated exited Dec 31, 2024 | unknown | n/a | unstated | 2 |
All 6 facilitiesShow fewerheld first, largest first
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| revolver lien unstated exited Dec 31, 2024 | unknown | n/a | unstated | 2 |
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 | 4 | $112M | $103M | 104c | 0 |
| Mar 31, 2026 | 4 | $87.8M | $81.6M | 104c | 0 |
| Dec 31, 2025 | 4 | $96.0M | $98.8M | 105c | 0 |
| Sep 30, 2025 | 4 | $96.2M | $96.8M | 105c | 0 |
All 15 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 3 | $96.4M | $98.4M | 106c | 0 |
| Mar 31, 2025 | 3 | $96.6M | $94.5M | 103c | 0 |
| Dec 31, 2024 | 3 | $152M | $139M | 102c | 0 |
| Sep 30, 2024 | 2 | $86.7M | $75.3M | 106c | 0 |
| Jun 30, 2024 | 2 | $62.6M | $70.7M | 103c | 0 |
| Mar 31, 2024 | 2 | $62.7M | $69.6M | 103c | 0 |
| Dec 31, 2023 | 1 | $60.9M | $68.1M | 102c | 0 |
| Sep 30, 2023 | 1 | $61.0M | $66.0M | 99c | 0 |
| Jun 30, 2023 | 1 | $61.2M | $67.5M | 101c | 0 |
| Mar 31, 2023 | 1 | $61.4M | $65.9M | 101c | 0 |
| Dec 31, 2022 | 1 | $61.5M | $64.7M | 98c | 0 |
What changed
- Maturity approachingMar 10, 2028
- Maturity approachingMar 10, 2028
- Maturity approachingMar 10, 2028
- New lender joined a facilityJun 30, 2026
- Facility left every BDC scheduleMar 31, 2026
Full timeline · 18 eventsShow fewer
- Lender left a facilityMar 31, 2026
- Spread changed (observed)Sep 30, 2025
- Spread increasedSep 30, 2025
- Spread increasedSep 30, 2025
- Spread changed (observed)Jun 30, 2025
- Facility left every BDC scheduleDec 31, 2024
- Lender left a facilityDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Marked down (one lender)Sep 30, 2024
- Lender left a facilitySep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread increasedJun 30, 2024
- Spread changed (observed)Mar 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
- TRIMECHderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 4 BDCsderived
- Industry
- Softwarereportedas one filer wrote it