DFX Intelligence
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Borrower
A••• C•••••••••
Softwaregroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $56.9M
sum of BDC pieces, a lower bound
Fair value
$59.0M
98c on cost, debt pieces
Unfunded
$742,000
commitments not yet drawn
BDC lenders
7
4 on the latest quarter
Facilities
4
2 equity pieces beside them
Next maturity
Apr 13, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Jun 30, 2026
Events
17
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 $56.9M | 98c | SOFR+500 bp | Apr 13, 2029 | 7 |
| revolver lien unstated | at least $36,566 | n/a | SOFR+500 bp | Apr 13, 2029 | 1 |
| first lien revolver first lien | unknown | n/a | unstated | 3 | |
| other lien unstated exited Dec 31, 2023 | at least $2.2M | 102c | S+690 bp PIK 3.25% | unstated | 1 |
Equity pieces beside the debt: equity ($522,000 fair value, 2 BDCs), preferred equity ($2.6M fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• | revolver lien unstated I••••••••• Sr S•••••• R••••••• Ref S•••(Q) F•••• 1.00% S••••• 5.00% T•••• C••••• 8.73% M•• | $36,566 | $35,348 99c | SOFR+500 bp |
| B•••••••• D••••• L•••••• C•••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 5.00% T•••• C••••• 8.73% M• | $1.8M | $1.8M 100c | SOFR+500 bp |
| B•••••••• T•• C•••••• C•••• | term loan first lien F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 5.00% T•••• C••••• 8.73% M••••••• 4/13 | $17.6M | $17.5M 100c | SOFR+500 bp |
| G•••• C•••••• B••• I••• | equity equity LP interest | N••••••••• I••••• | n/a | $522,000 117c | |
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | N••••••••• I••••• | $28.2M | $27.5M 97c | S+500 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | N••••••••• I••••• | $1.6M | $1.4M 91c | S+500 bp |
| G•••• C•••••• B••• I••• | preferred equity equity P•••••••• stock | N••••••••• I••••• | n/a | $2.6M 106c | PIK 12.00% |
| M••••• C•••••• I••••• P••• C••• | revolver first lien R•••••••) | n/a | n/a | |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $7.6M | $7.6M 100c | S+500 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 | 4 | $56.9M | $55.9M | 98c | 0 |
| Mar 31, 2026 | 4 | $54.7M | $53.8M | 99c | 0 |
| Dec 31, 2025 | 5 | $57.5M | $57.6M | 101c | 0 |
| Sep 30, 2025 | 5 | $88.5M | $87.9M | 101c | 0 |
| Jun 30, 2025 | 5 | $59.1M | $58.4M | 101c | 0 |
| Mar 31, 2025 | 5 | $59.1M | $58.2M | 100c | 0 |
| Dec 31, 2024 | 5 | $71.7M | $71.0M | 101c | 0 |
| Sep 30, 2024 | 5 | $58.6M | $57.7M | 101c | 0 |
| Jun 30, 2024 | 5 | $58.8M | $57.5M | 100c | 2 |
| Mar 31, 2024 | 6 | $48.2M | $47.7M | 100c | 6 |
| Dec 31, 2023 | 7 | $60.9M | $60.0M | 100c | 10 |
| Sep 30, 2023 | 7 | $47.6M | $46.7M | 99c | 7 |
| Jun 30, 2023 | 7 | $47.3M | $46.1M | 103c | 7 |
| Mar 31, 2023 | 7 | $46.9M | $45.3M | 102c | 7 |
| Dec 31, 2022 | 6 | $57.0M | $55.2M | 99c | 10 |
| Sep 30, 2022 | 3 | $22.1M | $22.0M | 101c | 3 |
| Dec 31, 2021 | 1 | $2.2M | $2.1M | 103c | 2 |
| Sep 30, 2021 | 1 | $10.2M | $10.2M | 101c | 1 |
What changed
- Spread changed (observed)Jun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Spread increasedMar 31, 2025
- Spread increasedMar 31, 2025
- Spread increasedMar 31, 2025
- Spread increasedMar 31, 2025
- Spread increasedMar 31, 2025
- Spread increasedMar 31, 2025
- Spread increasedMar 31, 2025
- Spread changed (observed)Sep 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Spread changed (observed)Mar 31, 2024
- Spread increasedMar 31, 2024
- Spread increasedMar 31, 2024
- Facility left every BDC scheduleDec 31, 2023
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)Jun 30, 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
- ARASderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 7 BDCsderived
- Industry
- Softwarereportedas one filer wrote it