DFX Intelligence
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Borrower
R••• A••••••••• L••
Transportationgroup grade Con a schedule nowsponsor unattributed
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
$52.9M
101c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jan 1, 2030
no dated debt inside 24 months
On the tape since
Mar 31, 2025
latest Jun 30, 2026
Events
0
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 | unknown | 100c | SOFR+600 bp | Jan 1, 2030 | 1 |
| second lien term loan second lien | unknown | 102c | S+1375 bp PIK 13.75% | Jan 1, 2031 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••• S••••• L•••••• P••••••• | term loan second lien S••••••••• note ($28,662 par, due 1/2031) I•••••• A••••••••• D••• 1/27/2025 R•••••••• R••• | n/a | $25.5M 102c | S+1375 bp PIK 13.75% |
| S•••• S••••• L•••••• P••••••• | term loan first lien F••••••••• loan ($27,963 par, due 1/2030) I•••••• A••••••••• D••• 1/27/2025 R•••••••• R••• | n/a | $27.4M 100c | SOFR+600 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 | 1 | $0 | $52.9M | 101c | 1 |
| Mar 31, 2026 | 1 | $0 | $52.1M | 101c | 1 |
| Dec 31, 2025 | 1 | $0 | $55.4M | 103c | 1 |
| Sep 30, 2025 | 1 | $0 | $54.2M | 103c | 1 |
| Jun 30, 2025 | 1 | $0 | $52.9M | 102c | 1 |
| Mar 31, 2025 | 1 | $0 | $51.3M | 101c | 1 |
What changed
No non-routine event yet: the borrower has been held without a facility-level change since it appeared.
Every change including routine onesSponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- RAIL ACQUISITIONderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Transportationreportedas one filer wrote it