DFX Intelligence
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Borrower
K•••••• H•••••••• I••
Distributorsgroup grade Aon a schedule nowsponsor unattributed
Also written as: Add-On
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 101¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 2 points apart
100¢102¢
Principal held
at least $51.0M
sum of BDC pieces, a lower bound
Fair value
$50.6M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
8
8 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Mar 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
1
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 |
|---|---|---|---|
| G•••• C•••••• B••• I••• | $14.1M | 100¢ | 0 pts |
| K•••• A••••••• B••• I••• | $13.6M | 101¢ | 0 pts |
| G•••• C•••••• P•••••• C••••• F••• | $12.5M | 100¢ | 0 pts |
| K•••• D• 2•••• I••• | $4.53M | 101¢ | -1 pts |
| M••••••• P•••••• C••••• F••• | $4.16M | no cost filed | no comparable mark |
View all 8 lendersShow fewerlargest exposure first
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••• C•••••• B•• 4• I••• | $1.35M | 100¢ | 0 pts |
| G•••• C•••••• D••••• L•••••• C••• | $489K | 100¢ | 0 pts |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | $245K | 100¢ | +1 pts |
Every BDC piece · 29 positions across 8 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• C•••••• B••• I••• | term loan first lien S••••• secured 1 | N••••••••• I••••• | $9.7M | $9.6M 100c | S+475 bp |
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 8.48% - S••••• 4.75% - R•••••••• S•••(Q) - | $9.3M | $9.3M 102c | SOFR+475 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured 1 | $8.6M | $8.5M 100c | S+475 bp |
| K•••• D• 2•••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 8.48% - S••••• 4.75% - R•••••••• S•••(Q) - | $3.1M | $3.1M 102c | SOFR+475 bp |
| G•••• C•••••• B••• I••• | term loan first lien S••••• secured 3 | N••••••••• I••••• | $3.0M | $3.0M 99c | S+475 bp |
View all 29 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured 3 | $2.7M | $2.6M 99c | S+475 bp |
| K•••• A••••••• B••• I••• | delayed draw term loan first lien F•••• lien senior secured delayed draw loan - I••••••• R••• 8.48% - S••••• 4.75% - R•••••• | $1.8M | $1.8M 100c | SOFR+475 bp |
| K•••• A••••••• B••• I••• | delayed draw term loan first lien F•••• lien senior secured delayed draw loan - I••••••• R••• 8.48% - S••••• 4.75% - R•••••• | $1.8M | $1.8M 100c | SOFR+475 bp |
| G•••• C•••••• B••• I••• | term loan first lien S••••• secured 2 | N••••••••• I••••• | $1.4M | $1.4M 100c | S+475 bp |
| M••••••• P•••••• C••••• F••• | term loan lien unstated T••• L••• (3 month CME T••• S••• + 4.750%) | S••••• L•••• 238.6% | $1.3M | $1.3M | SOFR+475 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured 2 | $1.3M | $1.3M 100c | S+475 bp |
| G•••• C•••••• B•• 4• I••• | term loan first lien S••••• secured 1 | $922,000 | $916,000 100c | S+475 bp |
| M••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• C (3 month CME T••• S••• + 4.750%) | S••••• L•••• 238.6% | $873,219 | $868,853 | SOFR+475 bp |
| M••••••• P•••••• C••••• F••• | term loan lien unstated T••• L••• (3 month CME T••• S••• + 4.750%) | S••••• L•••• 238.6% | $860,358 | $856,056 | SOFR+475 bp |
| K•••• A••••••• B••• I••• | revolver first lien F•••• lien senior secured revolving loan - I••••••• R••• 8.48% - S••••• 4.75% - R•••••••• | $795,000 | $795,000 104c | SOFR+475 bp |
| K•••• D• 2•••• I••• | delayed draw term loan first lien F•••• lien senior secured delayed draw loan - I••••••• R••• 8.48% - S••••• 4.75% - R•••••• | $588,000 | $588,000 100c | SOFR+475 bp |
| K•••• D• 2•••• I••• | delayed draw term loan first lien F•••• lien senior secured delayed draw loan - I••••••• R••• 8.48% - S••••• 4.75% - R•••••• | $588,000 | $588,000 100c | SOFR+475 bp |
| M••••••• P•••••• C••••• F••• | revolver lien unstated R••••••• (3 month CME T••• S••• + 4.750%) | S••••• L•••• 238.6% | $574,269 | $571,397 | SOFR+475 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien S••••• secured 1 | $335,000 | $333,000 100c | S+475 bp |
| G•••• C•••••• B•• 4• I••• | term loan first lien S••••• secured 3 | $287,000 | $281,000 99c | S+475 bp |
| K•••• D• 2•••• I••• | revolver first lien F•••• lien senior secured revolving loan - I••••••• R••• 8.48% - S••••• 4.75% - R•••••••• | $265,000 | $265,000 103c | SOFR+475 bp |
| M••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• B (3 month CME T••• S••• + 4.750%) | S••••• L•••• 238.6% | $256,107 | $254,826 | SOFR+475 bp |
| M••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• A (3 month CME T••• S••• + 4.750%) | S••••• L•••• 238.6% | $256,107 | $254,826 | SOFR+475 bp |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien S••••• secured 1 | $168,000 | $167,000 100c | S+475 bp |
| G•••• C•••••• B•• 4• I••• | term loan first lien S••••• secured 2 | $137,000 | $135,000 100c | S+475 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien S••••• secured 3 | $104,000 | $102,000 99c | S+475 bp |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien S••••• secured 3 | $52,000 | $51,000 98c | S+475 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien S••••• secured 2 | $50,000 | $49,000 100c | S+475 bp |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien S••••• secured 2 | $25,000 | $25,000 100c | S+475 bp |
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 $41.0M | 100c | SOFR+475 bp | Mar 1, 2029 | 7 |
| first lien delayed draw term loan first lien | at least $4.7M | 100c | SOFR+475 bp | Mar 1, 2029 | 2 |
| term loan lien unstated | at least $2.2M | n/a | SOFR+475 bp | Mar 1, 2029 | 1 |
| delayed draw term loan lien unstated | at least $1.4M | n/a | SOFR+475 bp | Mar 1, 2029 | 1 |
| first lien revolver first lien | at least $1.1M | 104c | SOFR+475 bp | Mar 1, 2029 | 2 |
All 6 facilitiesShow fewerheld first, largest first
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| revolver lien unstated | at least $574,269 | n/a | SOFR+475 bp | Mar 1, 2029 | 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 | 8 | $51.0M | $50.6M | 109c | 0 |
| Mar 31, 2026 | 8 | $49.9M | $49.6M | 110c | 0 |
| Dec 31, 2025 | 8 | $63.7M | $63.7M | 108c | 0 |
| Sep 30, 2025 | 6 | $58.7M | $58.7M | 109c | 0 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 6 | $28.1M | $28.1M | 119c | 0 |
| Mar 31, 2025 | 6 | $24.3M | $24.3M | 123c | 0 |
| Dec 31, 2024 | 7 | $37.8M | $37.7M | 131c | 0 |
| Sep 30, 2024 | 6 | $32.9M | $32.4M | 115c | 0 |
| Jun 30, 2024 | 1 | $2.2M | $2.2M | n/a | 0 |
| Mar 31, 2024 | 1 | $2.2M | $2.2M | n/a | 0 |
| Dec 31, 2023 | 1 | $4.3M | $4.2M | n/a | 0 |
What changed
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Spread changed (observed)Sep 30, 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
- KRAYDENderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 8 BDCsderived
- Industry
- Distributorsreportedas one filer wrote it