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
C••••••••• L••
Internet Software and Servicesgroup grade Aon a schedule nowsponsor not established · possible relationship
Also written as: Civic Plus; LLC Sr Secured
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 98¢ · 98¢Q2 2025 to Q2 2026
Where each lender marks it, 2 points apart
98¢100¢
Principal held
at least $280M
sum of BDC pieces, a lower bound
Fair value
$273M
98c on cost, debt pieces
Unfunded
$84.6M
commitments not yet drawn
BDC lenders
15
11 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Aug 1, 2030
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Jun 30, 2026
Events
13
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••• O•• T••••••••• F•••••• C•••• | $107M | 98¢ | 0 pts |
| B••• O•• C•••••• C••• | $79.8M | 98¢ | 0 pts |
| B••• O•• C••••• I••••• C•••• | $45.1M | 98¢ | 0 pts |
| G•••• C•••••• B••• I••• | $26.5M | 99¢ | +1 pts |
| B•••••••• P•••••• C••••• F••• | $14.6M | 100¢ | +1 pts |
View all 11 lendersShow fewerlargest exposure first
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• | $3.89M | 100¢ | +1 pts |
| G•••• C•••••• D••••• L•••••• C••• | $1.56M | 99¢ | +1 pts |
| B••• O•• C•••••• C••• I• | $1.45M | 98¢ | 0 pts |
| G•••• C•••••• B•• 4• I••• | no principal filed | no cost filed | new this quarter |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | no principal filed | no cost filed | new this quarter |
| G•••• C•••••• P•••••• C••••• F••• | no principal filed | no cost filed | new this quarter |
Every BDC piece · 36 positions across 11 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• T••••••••• F•••••• C•••• | term loan first lien F•••• lien senior secured loan | N••••••••• I••••• | $107M | $105M 98c | S+325 bp PIK 2.75% |
| B••• O•• C•••••• C••• | term loan first lien F•••• lien senior secured loan | N••••••••• | $79.8M | $78.1M 98c | S+325 bp PIK 2.75% |
| B••• O•• C••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | N••••••••• I••••• | $45.1M | $44.2M 98c | S+325 bp PIK 2.75% |
| G•••• C•••••• B••• I••• | term loan first lien One stop 3 | N••••••••• I••••• | $23.9M | $23.5M 99c | S+600 bp PIK 2.75% |
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 0.75% S••••• 3.25% C••• + 2.75% PIK T••• | $10.9M | $10.8M 100c | SOFR+325 bp PIK 2.75% |
View all 36 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• P•••••• C••••• F••• | delayed draw term loan first lien I••••••••• F•••• L••• D•••••• D••• T••• L••• Ref S•••(Q) F•••• 0.75% S••••• 3.25% C••• + 2 | $3.7M | $3.7M 100c | SOFR+325 bp PIK 2.75% |
| B•••••••• D••••• L•••••• C•••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 0.75% S••••• 3.25% C••• + 2.75% PIK T••• | $3.2M | $3.2M 100c | SOFR+325 bp PIK 2.75% |
| G•••• C•••••• B••• I••• | term loan first lien One stop 4 | N••••••••• I••••• | $2.2M | $2.2M 98c | S+600 bp PIK 2.75% |
| B••• O•• C•••••• C••• I• | term loan first lien F•••• lien senior secured loan | Non A••••••••• | $1.5M | $1.4M 98c | S+325 bp PIK 2.75% |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 3 | $1.2M | $1.2M 99c | S+600 bp PIK 2.75% |
| B•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien I••••••••• F•••• L••• D•••••• D••• T••• L••• Ref S•••(Q) F•••• 0.75% S••••• 3.25% C••• + 2 | $669,468 | $659,359 100c | SOFR+325 bp PIK 2.75% |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | N••••••••• I••••• | $398,000 | $382,000 96c | S+1175 bp PIK 15.48% |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 4 | $206,000 | $201,000 98c | S+600 bp PIK 2.75% |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 1 | $142,000 | $136,000 97c | S+1175 bp PIK 15.48% |
| B•••••••• D••••• L•••••• C•••• | revolver lien unstated I••••••••• Sr S•••••• R••••••• Ref S•••(Q) F•••• 0.75% S••••• 3.25% C••• + 2.75% PIK T•••• | $0 | $-1,953 126c | SOFR+325 bp PIK 2.75% |
| B•••••••• P•••••• C••••• F••• | revolver first lien I••••••••• F•••• L••• R••••••• Ref S•••(Q) F•••• 0.75% S••••• 3.25% C••• + 2.75% PIK T•••• | $0 | $-6,256 158c | SOFR+325 bp PIK 2.75% |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 2 | $0 | $-38,000 345c | |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 1 | $0 | $-5,000 500c | |
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | N••••••••• I••••• | $0 | $-7,000 350c | |
| G•••• C•••••• B••• I••• | term loan first lien One stop 5 | N••••••••• I••••• | $0 | $-7,000 350c | |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 2 | $0 | $-3,000 300c | |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 5 | $0 | $-9,000 300c | |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 2 | $0 | $-1,000 | |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 1 | $0 | $-5,000 500c | |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 2 | $0 | $-131,000 336c | |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 1 | $0 | $-16,000 320c | |
| B••• O•• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | Not disclosed | $-96,000 | S+325 bp |
| B••• O•• C•••••• C••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan | Not disclosed | $0 | S+325 bp |
| B••• O•• C•••••• C••• I• | revolver first lien F•••• lien senior secured revolving loan | N••••••••• | Not disclosed | Not disclosed | S+325 bp |
| B••• O•• C•••••• C••• I• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan | N••••••••• | Not disclosed | Not disclosed | S+325 bp |
| B••• O•• C••••• I••••• C•••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan 2 | N•••••••••/non-affiliated | Not disclosed | Not disclosed | S+325 bp |
| B••• O•• C••••• I••••• C•••• | revolver first lien F•••• lien senior secured revolving loan | N•••••••••/non-affiliated | Not disclosed | Not disclosed | S+325 bp |
| B••• O•• C••••• I••••• C•••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan 1 | N•••••••••/non-affiliated | Not disclosed | Not disclosed | S+325 bp |
| B••• O•• T••••••••• F•••••• C•••• | revolver first lien F•••• lien senior secured revolving loan | N••••••••• I••••• | Not disclosed | $-175,000 | S+325 bp |
| B••• O•• T••••••••• F•••••• C•••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan 1 | N••••••••• I••••• | Not disclosed | $0 | S+325 bp |
| B••• O•• T••••••••• F•••••• C•••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan 2 | N••••••••• I••••• | Not disclosed | $-306,000 | S+325 bp |
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 $275M | 98c | SOFR+325 bp PIK 15.48% | Jun 1, 2034 | 15 |
| first lien delayed draw term loan first lien | at least $4.4M | 100c | SOFR+325 bp PIK 2.75% | Aug 24, 2030 | 6 |
| revolver lien unstated | at least $0 | n/a | SOFR+325 bp PIK 2.75% | Aug 23, 2030 | 1 |
| first lien revolver first lien | at least $0 | n/a | SOFR+325 bp PIK 2.75% | Aug 24, 2030 | 6 |
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 | 11 | $280M | $273M | 98c | 16 |
| Mar 31, 2026 | 11 | $278M | $269M | 97c | 16 |
| Dec 31, 2025 | 11 | $280M | $280M | 100c | 9 |
| Sep 30, 2025 | 8 | $271M | $269M | 100c | 4 |
All 18 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 8 | $246M | $244M | 100c | 2 |
| Mar 31, 2025 | 9 | $206M | $204M | 100c | 2 |
| Dec 31, 2024 | 9 | $259M | $256M | 100c | 2 |
| Sep 30, 2024 | 10 | $206M | $204M | 100c | 7 |
| Jun 30, 2024 | 10 | $236M | $233M | 101c | 23 |
| Mar 31, 2024 | 11 | $205M | $202M | 101c | 27 |
| Dec 31, 2023 | 11 | $276M | $272M | 101c | 32 |
| Sep 30, 2023 | 10 | $168M | $165M | 100c | 24 |
| Jun 30, 2023 | 11 | $203M | $170M | 101c | 22 |
| Mar 31, 2023 | 11 | $184M | $167M | 101c | 24 |
| Dec 31, 2022 | 9 | $192M | $188M | 100c | 18 |
| Sep 30, 2022 | 4 | $54.0M | $53.7M | 100c | 1 |
| Dec 31, 2021 | 1 | $14.2M | $14.1M | 100c | 0 |
| Sep 30, 2021 | 1 | $6.2M | $6.1M | 99c | 0 |
What changed
- Spread changed (observed)Mar 31, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2026
Full timeline · 30 eventsShow fewer
- PIK interest appearsMar 31, 2026
- Spread changed (observed)Dec 31, 2025
- Spread increasedDec 31, 2025
- Spread increasedDec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Spread changed (observed)Jun 30, 2025
- New lender joined a facilityJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- New lender joined a facilityJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
Sponsor
Possible relationship, not established: L•••• E•••••, because a company of this name is on the sponsor's portfolio page (confidence 0.55). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- L•••• E•••••
- the sponsor's own portfolio page lists a company of this nameestimatedlevelequity.com"••• Locked"
Identity
- Group key
- CIVICPLUSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 15 BDCsderived
- Industry
- Internet Software and Servicesreportedas one filer wrote it