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
L•• H•••••••• I••
Chemicalsgroup grade Aoff every schedule since Dec 31, 2025sponsor unattributed
Also written as: Inc. First and
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 101¢ · 101¢ · 101¢Q4 2024 to Q4 2025
Where each lender marks it on the first lien term loan, 1 point apart
101¢102¢
Principal held
at least $13.0M
sum of BDC pieces, a lower bound
Fair value
$13.1M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
10
5 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jul 29, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Dec 31, 2025
Events
15
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• | $4.94M | 101¢ | 0 pts |
| A•••••• S•••••••• C••••• F••• | $3.78M | 102¢ | 0 pts |
| A•••••• P•••••• C••••• F••• | $1.98M | 100¢ | -1 pts |
| C••••••• P•••••• C••••• I••••• C••• | $1.32M | 103¢ | -1 pts |
| N•••• H•••• P•••••• I••••• F••• A• L•• | $988K | 100¢ | 0 pts |
Every BDC piece · 5 positions across 5 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S + 3.75% I••••••• R••• 7.47% M••••••• | $4.9M | $5.0M 101c | SOFR+375 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 3.75% I••••••• R••• 7.42% M• | $3.8M | $3.8M 102c | SOFR+375 bp |
| A•••••• P•••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 3.75% I••••••• R••• 7.42% M• | $2.0M | $2.0M 100c | SOFR+375 bp |
| C••••••• P•••••• C••••• I••••• C••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 375 I••••••• R••• 7. | $1.3M | $1.3M 103c | SOFR+375 bp |
| N•••• H•••• P•••••• I••••• F••• A• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S + 3.75% I••••••• R••• 7.47% M•••••• | $988,000 | $992,000 100c | SOFR+375 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2025 | at least $13.0M | 101c | SOFR+375 bp | Jul 31, 2029 | 5 |
| other lien unstated exited Dec 31, 2024 | at least $4.0M | 100c | S+475 bp | unstated | 2 |
| second lien term loan second lien exited Mar 31, 2025 | at least $3.0M | 101c | SOFR+425 bp | Jul 29, 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 |
|---|---|---|---|---|---|
| Dec 31, 2025 | 5 | $13.0M | $13.1M | 101c | 0 |
| Sep 30, 2025 | 5 | $13.0M | $13.1M | 101c | 0 |
| Jun 30, 2025 | 6 | $13.2M | $13.2M | 101c | 0 |
| Mar 31, 2025 | 6 | $43.4M | $43.3M | 101c | 0 |
All 10 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 7 | $68.2M | $68.3M | 101c | 0 |
| Sep 30, 2024 | 4 | $52.4M | $51.6M | 100c | 0 |
| Jun 30, 2023 | 2 | $9.0M | $8.5M | 97c | 0 |
| Mar 31, 2023 | 4 | $15.0M | $14.3M | 98c | 0 |
| Dec 31, 2022 | 2 | $7.1M | $6.5M | 92c | 0 |
| Sep 30, 2022 | 3 | $16.2M | $14.8M | 94c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2025
- Spread changed (observed)Sep 30, 2025
- New lender joined a facilityJun 30, 2025
- Facility left every BDC scheduleMar 31, 2025
- New lender joined a facilityDec 31, 2024
Full timeline · 24 eventsShow fewer
- Facility left every BDC scheduleDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Sep 30, 2024
- Spread changed (observed)Sep 30, 2024
- New lender joined a facilitySep 30, 2024
- New lender joined a facilitySep 30, 2024
- Spread changed (observed)Sep 30, 2024
- Mark recoveredSep 30, 2024
- Spread changed (observed)Jun 30, 2023
- Maturity extended (observed)Mar 31, 2023
- Spread changed (observed)Mar 31, 2023
- Mark recoveredMar 31, 2023
- Marked down across lendersDec 31, 2022
- Marked down (one lender)Dec 31, 2022
- New borrower on a BDC scheduleSep 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
- LTI HOLDINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 10 BDCsderived
- Industry
- Chemicalsreportedas one filer wrote it