DFX Intelligence
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Borrower
C•••••• I••
Application Softwaregroup grade Bon a schedule nowsponsor unattributed
Principal held
at least $20.0M
sum of BDC pieces, a lower bound
Fair value
$21.3M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Mar 22, 2029
no dated debt inside 24 months
On the tape since
Mar 31, 2024
latest Jun 30, 2026
Events
1
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 $20.0M | 102c | SOFR+725 bp | Mar 22, 2029 | 1 |
Equity pieces beside the debt: warrants ($2.4M fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end, largest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| R••••• G••••• F•••••• C•••• | term loan first lien Investment T••• S••••• S•••••• I••••••• R••• S•••+7.25%, 11.75% floor, 3.10% ETP I•••••• A | $20.0M | $18.9M 102c | SOFR+725 bp |
| R••••• G••••• F•••••• C•••• | warrants equity W••••••• & O•••• C••••••••• R••••• Investment T••• W•••••• C••••• S•••• I•••••• A••••••••• | Not disclosed | Not disclosed | |
| R••••• G••••• F•••••• C•••• | warrants equity W••••••• & O•••• C••••••••• R••••• Investment T••• W•••••• C••••• S•••• I•••••• A••••••••• | Not disclosed | $2.4M 101c |
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 | 1 | $20.0M | $18.9M | 102c | 0 |
| Mar 31, 2026 | 1 | $20.0M | $18.9M | 103c | 0 |
| Dec 31, 2025 | 1 | $20.0M | $18.8M | 103c | 0 |
| Sep 30, 2025 | 1 | $20.0M | $18.8M | 104c | 0 |
All 10 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $20.0M | $18.4M | 102c | 0 |
| Mar 31, 2025 | 1 | $20.0M | $18.2M | 101c | 0 |
| Dec 31, 2024 | 1 | $20.0M | $17.7M | 99c | 0 |
| Sep 30, 2024 | 1 | $20.0M | $17.7M | 100c | 0 |
| Jun 30, 2024 | 1 | $20.0M | $17.5M | 100c | 0 |
| Mar 31, 2024 | 1 | $20.0M | $17.3M | 100c | 0 |
What changed
- New borrower on a BDC scheduleMar 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
- CARNOWderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Application Softwarereportedas one filer wrote it