DFX Intelligence
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Borrower
G••••• B•••• L••
IT Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: G••••• Holdings, Inc; GrayMatter Systems; Letters of Credit; Undrawn Commitment
Principal held
at least $28.6M
sum of BDC pieces, a lower bound
Fair value
$60.9M
101c on cost, debt pieces
Unfunded
$3.6M
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
3
3 equity pieces beside them
Next maturity
May 1, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
1
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 $15.5M | 100c | SOFR+500 bp | May 1, 2030 | 2 |
| first lien delayed draw term loan first lien | at least $9.6M | 101c | SOFR+500 bp | May 1, 2030 | 2 |
| first lien revolver first lien | at least $3.6M | n/a | SOFR+500 bp | May 1, 2030 | 2 |
Equity pieces beside the debt: other (n/a fair value, 3 BDCs), preferred equity ($34.5M fair value, 1 BDC), equity ($1.6M fair value, 3 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• - R•••••••, S•••+500, 1.00% F••••, M••••••• D••• 05/01/30 | n/a | $-11,000 73c | SOFR+500 bp |
| M••••• F•••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• - T••• L•••, S•••+500, 1.00% F••••, M••••••• D••• 05/01/30 | $1.3M | $1.3M 100c | SOFR+500 bp |
| M••••• F•••••••• I••••••••• C••• | delayed draw term loan first lien F•••• L••• S•••••• D••• - D•••••• D•••, S•••+500, 1.00% F••••, M••••••• D••• 05/01/30 | $5.0M | $4.9M 101c | SOFR+500 bp |
| T•• T••• B•••• C•••••• I••••• F••• | term loan first lien F•••• lien senior secured term loan 2 | $1.7M | $1.7M 100c | S+500 bp |
| T•• T••• B•••• C•••••• I••••• F••• | term loan first lien F•••• lien senior secured term loan 1 | $12.5M | $12.3M 100c | S+500 bp |
| T•• T••• B•••• C•••••• I••••• F••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan | $4.6M | $4.6M 101c | S+500 bp |
| T•• T••• B•••• C•••••• I••••• F••• | unstated lien unstated | n/a | n/a | |
| T•• T••• B•••• C•••••• I••••• F••• | revolver first lien F•••• lien senior secured revolving loan | $3.6M | $-36,000 78c | S+500 bp |
| V•••• C••••• S•••••••• L•••••• C•••• | preferred equity equity P•••••••• Equity | n/a | $34.5M 100c | |
| V•••• C••••• S•••••••• L•••••• C•••• | equity equity Equity | n/a | $1.6M 100c |
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 | $28.6M | $24.8M | 101c | 0 |
| Mar 31, 2026 | 1 | $20.7M | $17.8M | 100c | 0 |
| Dec 31, 2025 | 2 | $16.5M | $806,000 | 103c | 0 |
| Sep 30, 2025 | 2 | $20.8M | $12.8M | 100c | 0 |
| Jun 30, 2025 | 2 | $20.8M | $12.8M | 100c | 0 |
| Mar 31, 2025 | 3 | $20.8M | $12.8M | 100c | 0 |
| Dec 31, 2024 | 3 | $20.9M | $12.3M | 100c | 0 |
| Sep 30, 2024 | 3 | $20.9M | $12.4M | 100c | 0 |
| Jun 30, 2024 | 3 | $20.9M | $12.3M | 100c | 0 |
| Dec 31, 2023 | 1 | $0 | $0 | n/a | 0 |
What changed
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleDec 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
- GENIUSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 4 BDCsderived
- Industry
- IT Servicesreportedas one filer wrote it