DFX Intelligence
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Borrower
D••••• A••••••••• L••
Marketing Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: 10; 2025; 23; 24; LLC - Funded; LLC - Unfunded; LLC A••••••••• 12; LLC A••••••••• 4
Principal held
at least $67.1M
sum of BDC pieces, a lower bound
Fair value
$45.6M
101c on cost, debt pieces
Unfunded
$2.6M
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
3
2 equity pieces beside them
Next maturity
Sep 30, 2026
$3.3M inside 24 months
On the tape since
Dec 31, 2023
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 $46.4M | 101c | SOFR+500 bp | Sep 30, 2030 | 3 |
| first lien revolver first lien | at least $15.5M | n/a | S+500 bp | Sep 30, 2030 | 3 |
| first lien delayed draw term loan first lien | at least $5.2M | 100c | S+500 bp | Sep 30, 2030 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien First Lien Secured Debt A••••••••• 9/30/2024 Maturity 9/30/2030 Industry Marketing Service | $12.3M | $12.3M 101c | SOFR+500 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien First Lien Secured Debt A••••••••• 4/10/2025 Maturity 9/30/2030 Industry Marketing Service | $4.9M | $4.9M 101c | SOFR+500 bp |
| P••••••••• F••••••• R••• C•••••• L••• | revolver first lien Revolver A••••••••• 9/30/2024 Maturity 9/30/2030 Industry Marketing Services | $5.6M | $0 | 0.00% |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien Term Loan A••••••••• 9/30/2024 Maturity 9/30/2026 Industry Marketing Services | $2.2M | $22,000 | 0.00% |
| P••••••••• I••••••••• C••• | equity equity Common Equity A••••••••• 09/30/2024 Industry Marketing Services | n/a | $253,000 81c | |
| P••••••••• I••••••••• C••• | term loan first lien First Lien Secured Debt A••••••••• 9/30/2024 Maturity 9/30/2030 Industry Marketing Service | $1.0M | $1.0M 100c | SOFR+475 bp |
| P••••••••• I••••••••• C••• | term loan first lien First Lien Secured Debt A••••••••• 12/23/24 Maturity 09/30/30 Industry Marketing Services | $4.9M | $4.9M 101c | SOFR+500 bp |
| P••••••••• I••••••••• C••• | term loan first lien First Lien Secured Debt Term Loan A••••••••• 9/30/2024 Maturity 9/30/2026 Industry Marketi | $1.0M | $10,000 | 0.00% |
| P••••••••• I••••••••• C••• | revolver first lien First Lien Secured Debt Revolver A••••••••• 9/30/2024 Maturity 9/30/2030 Industry Marketin | $2.6M | $0 | 0.00% |
| T•• T••• B•••• C•••••• I••••• F••• | delayed draw term loan first lien First lien senior secured delayed draw term loan | $5.2M | $2.5M 100c | S+500 bp |
| T•• T••• B•••• C•••••• I••••• F••• | term loan first lien First lien senior secured term loan | $20.1M | $19.9M 100c | S+500 bp |
| T•• T••• B•••• C•••••• I••••• F••• | unstated lien unstated | n/a | n/a | |
| T•• T••• B•••• C•••••• I••••• F••• | unstated lien unstated | n/a | n/a | |
| T•• T••• B•••• C•••••• I••••• F••• | revolver first lien First lien senior secured revolving loan | $7.3M | $-95,000 100c | S+500 bp |
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 | 3 | $67.1M | $45.4M | 101c | 0 |
| Mar 31, 2026 | 3 | $66.5M | $44.8M | 101c | 0 |
| Dec 31, 2025 | 3 | $101M | $60.0M | 101c | 0 |
| Sep 30, 2025 | 3 | $88.1M | $50.4M | 101c | 0 |
| Jun 30, 2025 | 3 | $61.4M | $40.2M | 101c | 0 |
| Mar 31, 2025 | 3 | $61.5M | $40.1M | 100c | 0 |
| Dec 31, 2024 | 3 | $63.1M | $38.2M | 100c | 0 |
| Sep 30, 2024 | 3 | $120M | $79.4M | 100c | 0 |
| Dec 31, 2023 | 1 | $0 | $0 | n/a | 0 |
What changed
- New borrower on a BDC scheduleDec 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- DUGGALderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Marketing Servicesreportedas one filer wrote it