DFX Intelligence
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Borrower
T•• H••••• I••••••••• L••
Application Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: 24 9th Amendment Rollover; TCP H•••••; TimeClock Plus 11; TimeClock Plus 11/24 9th Amendment Rollover
Principal held
at least $56.1M
sum of BDC pieces, a lower bound
Fair value
$54.2M
97c on cost, debt pieces
Unfunded
$13.0M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
Aug 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
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 $52.5M | 97c | SOFR+500 bp | Aug 30, 2029 | 2 |
| first lien revolver first lien | at least $3.6M | 97c | S+375 bp | Aug 1, 2029 | 1 |
| first lien delayed draw term loan first lien | at least $0 | n/a | SOFR+100 bp | Aug 30, 2029 | 1 |
Equity pieces beside the debt: other (n/a fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | $3.6M | $3.5M 97c | S+375 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 1 | $50.0M | $48.4M 97c | S+500 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $2.0M | $1.9M 95c | S+500 bp |
| A••• C•••••• C••• | unstated lien unstated | n/a | n/a | |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• 12/24 | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | C••• I••••••• R•••/ PI | $459,000 | $450,000 98c | SOFR+500 bp |
| S•••••••• P•••••• C••••• F••• L•• | delayed draw term loan first lien D•••••• D••• T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | C••• I••••••• R | $0 | $-1,000 100c | SOFR+100 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 | $56.1M | $54.2M | 97c | 0 |
| Mar 31, 2026 | 2 | $56.0M | $54.9M | 98c | 0 |
| Dec 31, 2025 | 2 | $56.5M | $56.5M | 100c | 0 |
| Sep 30, 2025 | 2 | $56.2M | $56.2M | 100c | 0 |
| Jun 30, 2025 | 2 | $56.6M | $56.6M | 100c | 0 |
| Mar 31, 2025 | 1 | $56.0M | $56.0M | 100c | 0 |
| Dec 31, 2024 | 2 | $59.3M | $59.3M | 103c | 0 |
| Sep 30, 2024 | 2 | $51.2M | $51.2M | 100c | 0 |
| Jun 30, 2024 | 2 | $54.2M | $54.2M | 100c | 0 |
| Mar 31, 2024 | 2 | $48.1M | $48.1M | 100c | 0 |
| Dec 31, 2023 | 2 | $49.0M | $49.0M | 100c | 0 |
| Sep 30, 2023 | 1 | $40.8M | $40.8M | 100c | 0 |
| Jun 30, 2023 | 1 | $40.9M | $40.9M | 100c | 0 |
| Mar 31, 2023 | 1 | $40.9M | $40.9M | 100c | 0 |
| Dec 31, 2022 | 1 | $75.4M | $75.4M | 100c | 0 |
| Sep 30, 2022 | 1 | $41.2M | $40.8M | 99c | 0 |
| Dec 31, 2021 | 1 | $45.4M | $45.4M | 100c | 0 |
What changed
- Maturity extended (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Spread changed (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Spread increasedSep 30, 2024
- Spread changed (observed)Mar 31, 2024
- Spread increasedMar 31, 2024
- Spread changed (observed)Mar 31, 2024
- Spread changed (observed)Dec 31, 2023
- New lender joined a facilityDec 31, 2023
- Spread increasedDec 31, 2023
- Maturity extended (observed)Mar 31, 2023
- Maturity extended (observed)Mar 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
- TCP HAWKERderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 2 BDCsderived
- Industry
- Application Softwarereportedas one filer wrote it