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
M•• A••••••••• H••••••• L••
Financial Servicesgroup grade Aon a schedule nowsponsor unattributed
What matters now
- 91¢ → 69¢consensus mark
Consensus mark 69¢ on cost, down from 91¢ a year ago, 76¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived2 of 2 lenders' own marks, weighted by principal - 34 pts67¢ to 101¢
Lenders disagree by 34 points: A••• S•••••••• I••••• F••• 67¢ to A• P•••••• L•••••• F••• 101¢.
Q2 2026 · Holders value the same loan differently, so a position could trade between them.
Derivedeach lender's own fair value over costFor secondary buyers, special situations fundsLender marks → - $11.2Mprincipal outstanding
$11.2M principal held by 2 lenders; matures Dec 2030.
Q2 2026 · Refinancing is due in 51 months at a 69¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
91¢ · 96¢ · 98¢ · 76¢ · 69¢Q2 2025 to Q2 2026
Where each lender marks it, 34 points apart
67¢101¢
Principal held
at least $11.2M
sum of BDC pieces, a lower bound
Fair value
$6.9M
69c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
7
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Dec 31, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
8
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 |
|---|---|---|---|
| A••• S•••••••• I••••• F••• | $10.8M | 67¢ | -9 pts |
| A• P•••••• L•••••• F••• | $495K | 101¢ | new this quarter |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured notes | $10.8M | $6.4M 67c | 6.00% |
| A• P•••••• L•••••• F••• | term loan first lien US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 7.48% (S + 3.75%; 0.50% F•• | $494,987 | $495,195 101c | SOFR+375 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 $11.2M | 69c | SOFR+375 bp | Mar 1, 2031 | 3 |
| other lien unstated exited Sep 30, 2025 | at least $864,000 | 94c | S+460 bp | Dec 31, 2030 | 3 |
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 | $11.2M | $6.9M | 69c | 0 |
| Mar 31, 2026 | 1 | $10.8M | $7.2M | 76c | 1 |
| Dec 31, 2025 | 2 | $11.2M | $9.7M | 98c | 0 |
| Sep 30, 2025 | 2 | $1.4M | $1.3M | 96c | 0 |
All 16 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $866,000 | $783,000 | 91c | 0 |
| Mar 31, 2025 | 1 | $868,000 | $727,000 | 85c | 0 |
| Dec 31, 2024 | 2 | $6.2M | $5.3M | 87c | 0 |
| Sep 30, 2024 | 2 | $5.4M | $4.1M | 77c | 0 |
| Jun 30, 2024 | 2 | $5.4M | $4.5M | 85c | 0 |
| Mar 31, 2024 | 2 | $9.4M | $9.1M | 98c | 0 |
| Dec 31, 2023 | 2 | $11.5M | $10.9M | 97c | 0 |
| Sep 30, 2023 | 2 | $9.5M | $8.9M | 96c | 0 |
| Jun 30, 2023 | 3 | $15.1M | $13.4M | 91c | 0 |
| Mar 31, 2023 | 3 | $13.1M | $11.2M | 88c | 0 |
| Dec 31, 2022 | 3 | $25.6M | $21.6M | 87c | 0 |
| Dec 31, 2021 | 1 | $5.0M | $4.9M | 99c | 0 |
What changed
- Marked down across lendersJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- PIK interest appearsMar 31, 2026
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
Full timeline · 19 eventsShow fewer
- PIK interest appearsMar 31, 2026
- New lender joined a facilityDec 31, 2025
- Facility left every BDC scheduleSep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Spread changed (observed)Sep 30, 2025
- Mark recoveredSep 30, 2025
- Maturity extended (observed)Mar 31, 2025
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down (one lender)Jun 30, 2024
- New lender joined a facilityDec 31, 2023
- Lender left a facilityJun 30, 2023
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- MPH ACQUISITION HOLDINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 7 BDCsderived
- Industry
- Financial Servicesreportedas one filer wrote it