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
D••••• B••••• L••
Application Softwaregroup grade Aon a schedule nowsponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢Q3 2025 to Q2 2026
Where each lender marks it, 1 points apart
99¢100¢
Principal held
at least $76.7M
sum of BDC pieces, a lower bound
Fair value
$75.5M
100c on cost, debt pieces
Unfunded
$20.7M
commitments not yet drawn
BDC lenders
5
5 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Aug 9, 2032
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
3
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•••••• P•••••• C••••• C••• | $49.5M | 100¢ | 0 pts |
| S•••••••• P•••••• C••••• F••• L•• | $14.4M | 99¢ | 0 pts |
| W••••• T••• C•••••• C••• | $9.14M | 100¢ | +1 pts |
| B•••••• B••• I••• | $1.83M | 100¢ | 0 pts |
| B•••••• C•••••• I••••••••• C••• | $1.82M | 100¢ | 0 pts |
Every BDC piece · 18 positions across 5 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $49.5M | $48.9M 100c | S+475 bp |
| W••••• T••• C•••••• C••• | term loan lien unstated T••• L••• | N••••••••• I••••• | $9.0M | $9.0M 100c | S+475 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 8/9/2032 One | $6.5M | $6.4M 99c | SOFR+475 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 8/9/2032 | $6.5M | $6.4M 99c | SOFR+475 bp |
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $1.8M | $1.8M 100c | S+475 bp |
View all 18 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• C•••••• I••••••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $1.8M | $1.8M 100c | S+475 bp |
| S•••••••• P•••••• C••••• F••• L•• | delayed draw term loan first lien D•••••• D••• T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 8/9/2032 | $1.5M | $1.4M 99c | SOFR+475 bp |
| W••••• T••• C•••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | N••••••••• I••••• | $50,000 | $21,000 100c | S+475 bp |
| W••••• T••• C•••••• C••• | revolver lien unstated R••••••• | N••••••••• I••••• | $50,000 | $0 | S+475 bp |
| B•••••• B••• I••• | revolver lien unstated R••••••• | $0 | $-12,000 150c | S+475 bp |
| B•••••• C•••••• I••••••••• C••• | revolver lien unstated R••••••• | $0 | $-5,000 125c | S+475 bp |
| B•••••• P•••••• C••••• C••• | revolver lien unstated R••••••• | $0 | $-141,000 137c | S+475 bp |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien R•••••••• Credit L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 8/9/2032 | $0 | $-12,000 171c | SOFR+50 bp |
| B•••••• B••• I••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+475 bp |
| B•••••• C•••••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+475 bp |
| B•••••• P•••••• C••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+475 bp |
| W••••• T••• C•••••• C••• | revolver lien unstated R••••••• | Not disclosed | Not disclosed | S+475 bp |
| W••••• T••• C•••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+475 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 $66.1M | 100c | SOFR+475 bp | Aug 9, 2032 | 4 |
| term loan lien unstated | at least $9.0M | 100c | S+475 bp | Aug 9, 2032 | 1 |
| first lien delayed draw term loan first lien | at least $1.5M | 99c | SOFR+475 bp | Aug 9, 2032 | 1 |
| revolver lien unstated | at least $50,000 | n/a | S+475 bp | Aug 9, 2032 | 4 |
| delayed draw term loan lien unstated | at least $50,000 | n/a | S+475 bp | Aug 9, 2032 | 4 |
All 6 facilitiesShow fewerheld first, largest first
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien revolver first lien | at least $0 | n/a | SOFR+50 bp | Aug 9, 2032 | 1 |
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 | 5 | $76.7M | $75.5M | 100c | 0 |
| Mar 31, 2026 | 5 | $69.7M | $68.4M | 99c | 0 |
| Dec 31, 2025 | 5 | $84.3M | $83.3M | 100c | 2 |
| Sep 30, 2025 | 5 | $69.7M | $68.6M | 100c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 3 | $0 | $0 | n/a | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedMar 31, 2026
- Spread changed (observed)Mar 31, 2026
- New lender joined a facilitySep 30, 2025
Full timeline · 7 eventsShow fewer
- New lender joined a facilitySep 30, 2025
- New borrower on a BDC scheduleDec 31, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- DURAREderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived
- Industry
- Application Softwarereportedas one filer wrote it