DFX Intelligence
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Borrower
C•••••• G••• P••••••• H••••• L••
Hotel, Gaming, & Leisuregroup grade Aoff every schedule since Sep 30, 2025sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 100¢ · 101¢ · 100¢ · 100¢Q3 2024 to Q3 2025
Where each lender marks it on the first lien term loan, 1 point apart
100¢101¢
Principal held
at least $68.7M
sum of BDC pieces, a lower bound
Fair value
$68.6M
100c on cost, debt pieces
Unfunded
$57.4M
commitments not yet drawn
BDC lenders
4
4 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
Apr 1, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2025
Events
13
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••• C•••••• C••• | $38.5M | 100¢ | 0 pts |
| B••• C•••••• P•••••• C••••• | $14.2M | 101¢ | 0 pts |
| B••• C•••••• S•••••••• F••••••• I••• | $11.1M | 101¢ | 0 pts |
| S•••••••• P•••••• C••••• F••• L•• | $4.89M | 100¢ | +2 pts |
Every BDC piece · 11 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan1 | $34.5M | $34.5M 100c | S+450 bp |
| B••• C•••••• P•••••• C••••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• S••••• 4.50% I••••••• R••• 8.50% M••••••• D••• 3/31/20 | $8.7M | $8.7M 101c | SOFR+450 bp |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• S••••• 4.50% I••••••• R••• 8.50% M••••••• D••• 3/31/20 | $6.6M | $6.6M 101c | SOFR+450 bp |
| B••• C•••••• P•••••• C••••• | delayed draw term loan first lien F•••• L••• S••••• S•••••• L••• - D•••••• D••• S••• S••••• 4.50% I••••••• R••• 8.50% M••••• | $4.5M | $4.5M 101c | SOFR+450 bp |
| B••• C•••••• S•••••••• F••••••• I••• | delayed draw term loan first lien F•••• L••• S••••• S•••••• L••• - D•••••• D••• S••• S••••• 4.50% I••••••• R••• 8.50% M••••• | $4.5M | $4.5M 101c | SOFR+450 bp |
View all 11 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $4.0M | $4.0M 100c | S+450 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• (2022) | N•••••••••, N••••••••• D••• Investments | F•••• L••• S••••• S•••••• | 4 | $4.0M | $3.9M 100c | S+450 bp |
| B••• C•••••• P•••••• C••••• | delayed draw term loan first lien F•••• L••• S••••• S•••••• L••• - D•••••• D••• S••• S••••• 4.50% I••••••• R••• 8.50% M••••• | $988,000 | $988,000 101c | SOFR+450 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• (2022) | N•••••••••, N••••••••• D••• Investments | F•••• L••• S••••• S•••••• | 4 | $897,000 | $877,000 98c | S+450 bp |
| A••• C•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| B••• C•••••• S•••••••• F••••••• I••• | revolver first lien F•••• L••• S••••• S•••••• L••• - R••••••• M••••••• D••• 4/1/2030 | Not disclosed | Not disclosed n/a | S+450 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2025 | at least $58.7M | 100c | SOFR+450 bp | Mar 31, 2031 | 4 |
| first lien delayed draw term loan first lien exited Sep 30, 2025 | at least $10.0M | 101c | SOFR+450 bp | Apr 1, 2031 | 2 |
| first lien revolver first lien exited Sep 30, 2025 | unknown | n/a | S+450 bp | Apr 1, 2030 | 1 |
Equity pieces beside the debt: other (Not disclosed fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2025 | 4 | $68.7M | $68.6M | 100c | 0 |
| Jun 30, 2025 | 4 | $68.9M | $68.8M | 100c | 0 |
| Mar 31, 2025 | 4 | $38.9M | $38.9M | 101c | 0 |
| Dec 31, 2024 | 4 | $74.0M | $74.0M | 100c | 0 |
All 14 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 4 | $39.7M | $39.6M | 101c | 0 |
| Jun 30, 2024 | 4 | $25.6M | $25.6M | 101c | 0 |
| Mar 31, 2024 | 4 | $25.7M | $25.7M | 102c | 0 |
| Dec 31, 2023 | 4 | $40.8M | $40.8M | 102c | 0 |
| Sep 30, 2023 | 3 | $14.1M | $14.1M | 101c | 0 |
| Jun 30, 2023 | 2 | $9.1M | $9.1M | 103c | 0 |
| Mar 31, 2023 | 2 | $8.7M | $8.7M | 102c | 0 |
| Dec 31, 2022 | 2 | $19.2M | $19.2M | 103c | 0 |
| Sep 30, 2022 | 2 | $8.7M | $8.5M | 101c | 0 |
| Dec 31, 2021 | 1 | $100,000 | $100,000 | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Mar 31, 2025
Full timeline · 30 eventsShow fewer
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- New lender joined a facilitySep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- New lender joined a facilityMar 31, 2024
- New lender joined a facilityDec 31, 2023
- Spread changed (observed)Sep 30, 2022
- Maturity extended (observed)Sep 30, 2022
- Spread increasedSep 30, 2022
- Maturity extended (observed)Sep 30, 2022
- New lender joined a facilitySep 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
- CONCERT GOLF PARTNERSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Hotel, Gaming, & Leisurereportedas one filer wrote it