DFX Intelligence
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Borrower
I•••••••• C•••••••••
Principal held
at least $12.0M
sum of BDC pieces, a lower bound
Fair value
$11.5M
97c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Sep 1, 2027
$12.0M inside 24 months
On the tape since
Sep 30, 2023
latest Jun 30, 2026
Events
8
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 $12.0M | 97c | S+600 bp | Sep 8, 2027 | 4 |
| other lien unstated exited Dec 31, 2024 | at least $7.3M | 92c | S+327 bp | Sep 8, 2027 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• C•••••• B••• I••• | term loan first lien One stop | Non-Affiliated Issuer | $4.6M | $4.4M 100c | S+600 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop | $184,000 | $176,000 96c | S+600 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien First Lien Debt | $7.2M | $6.9M 96c | S+600 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 | 3 | $12.0M | $11.5M | 97c | 0 |
| Mar 31, 2026 | 3 | $12.1M | $11.6M | 98c | 0 |
| Dec 31, 2025 | 3 | $12.1M | $11.7M | 98c | 0 |
| Sep 30, 2025 | 3 | $17.0M | $16.2M | 97c | 0 |
| Jun 30, 2025 | 3 | $12.2M | $11.5M | 96c | 0 |
| Mar 31, 2025 | 3 | $12.2M | $11.4M | 95c | 0 |
| Dec 31, 2024 | 3 | $19.4M | $17.7M | 93c | 2 |
| Sep 30, 2024 | 2 | $4.7M | $4.2M | 92c | 2 |
| Jun 30, 2024 | 2 | $4.7M | $4.1M | 92c | 1 |
| Mar 31, 2024 | 3 | $4.6M | $3.9M | 86c | 3 |
| Dec 31, 2023 | 3 | $4.5M | $3.9M | 86c | 3 |
| Sep 30, 2023 | 3 | $4.5M | $3.9M | 87c | 3 |
What changed
- Maturity approachingSep 8, 2027
- Maturity approachingSep 8, 2027
- Spread changed (observed)Mar 31, 2025
- Spread increasedMar 31, 2025
- Facility left every BDC scheduleDec 31, 2024
- New lender joined a facilityDec 31, 2024
- PIK interest increasedSep 30, 2024
- PIK interest appearsSep 30, 2024
- PIK interest increasedSep 30, 2024
- Mark recoveredJun 30, 2024
- PIK interest increasedMar 31, 2024
- PIK interest increasedMar 31, 2024
- PIK interest increasedMar 31, 2024
- PIK interest increasedMar 31, 2024
- New borrower on a BDC scheduleSep 30, 2023
Sponsor
- A••• P••••••• I•• L••
- the sponsor's own portfolio page lists a company of this nameestimatedabry.com"••• Locked"
Identity
- Group key
- ILLUMIFINderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived