DFX Intelligence
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Borrower
N•••••• E••••• X••• I••••••••• O•••••••• P••••••• L•
Independent Power & Renewable Electricity Producersgroup grade Aoff every schedule since Dec 31, 2025sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2025, Consensus mark 103¢ on cost, down from 110¢ in Q2 2025, 100¢ last quarter.
Mark path, consensus per quarter end
110¢ · 100¢ · 103¢Q2 2025 to Q4 2025
Principal held
at least $30,000
sum of BDC pieces, a lower bound
Fair value
$31,000
n/a on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Sep 15, 2027
$10,000 inside 24 months
On the tape since
Jun 30, 2025
latest Dec 31, 2025
Events
2
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 |
|---|---|---|---|
| A••••• D••• S•••••••• B•• | $30K | 103¢ | +3 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | notes unsecured or subordinated Investment T••• U•••••••• D••• - C•••••••• B••• I••••••• R••• 8.38% M••••••• D••• 1/15/203 | $10,000 | $11,000 110c | 8.38% |
| A••••• D••• S•••••••• B•• | notes unsecured or subordinated Investment T••• U•••••••• D••• - C•••••••• B••• I••••••• R••• 4.50% M••••••• D••• 9/15/202 | $10,000 | $10,000 100c | 4.50% |
| A••••• D••• S•••••••• B•• | notes unsecured or subordinated Investment T••• U•••••••• D••• - C•••••••• B••• I••••••• R••• 8.63% M••••••• D••• 3/15/203 | $10,000 | $10,000 100c | 8.63% |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| unsecured or subordinated notes unsecured or subordinated exited Dec 31, 2025 | at least $30,000 | n/a | 8.63% | Mar 15, 2033 | 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 | 1 | $30,000 | $31,000 | 103c | 0 |
| Sep 30, 2025 | 1 | $30,000 | $30,000 | 100c | 0 |
| Jun 30, 2025 | 1 | $30,000 | $32,000 | 110c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2025
- Marked down (one lender)Sep 30, 2025
- New borrower on a BDC scheduleJun 30, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- N•••••• E••••• X••• I••••••••• O•••••••• P•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Independent Power & Renewable Electricity Producersreportedas one filer wrote it