DFX Intelligence
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Borrower
K• M••• A••••••••• L••
Life Sciences Tools & Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Equity Securities; Equity Securities (fka Spectrum Science Communications; K• M••• A••••••••• LLC 2024; LLC 1; LLC 2; LLC 2024; LLC 3; Non-Affiliated
Principal held
at least $29.6M
sum of BDC pieces, a lower bound
Fair value
$28.7M
99c on cost, debt pieces
Unfunded
$650,000
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
3
2 equity pieces beside them
Next maturity
Feb 1, 2029
no dated debt inside 24 months
On the tape since
Mar 31, 2023
latest Jun 30, 2026
Events
10
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 $26.8M | 99c | SOFR+700 bp | Feb 1, 2029 | 3 |
| first lien revolver first lien | at least $2.5M | 98c | S+700 bp | Feb 1, 2029 | 2 |
| first lien delayed draw term loan first lien | at least $354,000 | 94c | SOFR+700 bp | Feb 1, 2029 | 3 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | revolver first lien R•••••••) | S••••• S•••••• L•••• | $2.5M | $1.8M 98c | S+700 bp |
| M••••• C•••••• I••••• P••• C••• | equity equity Equity S••••••••• | $0 | $551,000 46c | |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $3.0M | $2.9M 98c | S+700 bp |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $6.4M | $6.3M 99c | S+700 bp |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $15.0M | $14.7M 99c | S+700 bp |
| M••••• C•••••• I••••• P••• C••• | revolver first lien R•••••••) | n/a | n/a | |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 2/1/2029 | $1.6M | $1.5M 94c | SOFR+700 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 2/1/2029 | $658,000 | $608,000 94c | SOFR+700 bp |
| S•••••••• P•••••• C••••• F••• L•• | delayed draw term loan first lien D•••••• D••• T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 2/1/2029 | $354,000 | $333,000 94c | SOFR+700 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 | 2 | $29.6M | $28.1M | 99c | 0 |
| Mar 31, 2026 | 2 | $20.7M | $19.8M | 98c | 0 |
| Dec 31, 2025 | 3 | $32.4M | $31.1M | 99c | 0 |
| Sep 30, 2025 | 3 | $29.8M | $28.4M | 99c | 0 |
| Jun 30, 2025 | 3 | $29.8M | $27.9M | 98c | 11 |
| Mar 31, 2025 | 3 | $29.7M | $27.5M | 98c | 11 |
| Dec 31, 2024 | 3 | $78.8M | $75.1M | 97c | 35 |
| Sep 30, 2024 | 3 | $29.4M | $27.6M | 97c | 8 |
| Jun 30, 2024 | 3 | $31.4M | $28.6M | 100c | 0 |
| Mar 31, 2024 | 3 | $31.5M | $28.2M | 102c | 0 |
| Dec 31, 2023 | 2 | $69.9M | $58.2M | 102c | 0 |
| Sep 30, 2023 | 2 | $22.5M | $15.7M | 103c | 0 |
| Jun 30, 2023 | 2 | $22.5M | $15.7M | 103c | 0 |
| Mar 31, 2023 | 2 | $22.5M | $14.9M | 100c | 1 |
What changed
- Spread changed (observed)Sep 30, 2025
- Spread changed (observed)Sep 30, 2025
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- PIK interest appearsSep 30, 2024
- Spread changed (observed)Sep 30, 2024
- PIK interest appearsSep 30, 2024
- Spread changed (observed)Sep 30, 2024
- Marked down across lendersSep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- PIK interest appearsSep 30, 2024
- PIK interest appearsSep 30, 2024
- PIK interest appearsSep 30, 2024
- PIK interest appearsSep 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- New lender joined a facilityMar 31, 2024
- New lender joined a facilityMar 31, 2024
- New borrower on a BDC scheduleMar 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
- KL MOONderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived
- Industry
- Life Sciences Tools & Servicesreportedas one filer wrote it