DFX Intelligence
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Borrower
S••••• M••••• S••• L••
Materialsgroup grade Bon a schedule nowsponsor unattributed
Also written as: SeaTex
Principal held
at least $12.0M
sum of BDC pieces, a lower bound
Fair value
$11.0M
93c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Oct 22, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
4
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 $7.7M | 93c | SOFR+625 bp | Oct 22, 2029 | 1 |
| first lien delayed draw term loan first lien | at least $2.8M | 93c | SOFR+625 bp | Oct 22, 2029 | 1 |
| first lien revolver first lien | at least $1.4M | 93c | SOFR+625 bp | Oct 22, 2029 | 1 |
| first lien term loan first lien exited Dec 5, 2024 from a deal announcement | size not stated | n/a | unstated | 0 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| J••• H•••••• C•••••• P•••••• I••••• F••• | delayed draw term loan first lien F•••• L••• S••••• S•••••• D•••••• D••• T••• L••• I••••••• M•••••••• S••••• A•••• I•••• S•• | $2.8M | $2.6M 93c | SOFR+625 bp |
| J••• H•••••• C•••••• P•••••• I••••• F••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• I••••••• M•••••••• S••••• A•••• I•••• S••• + 6.25% (1. | $7.7M | $7.1M 93c | SOFR+625 bp |
| J••• H•••••• C•••••• P•••••• I••••• F••• | revolver first lien F•••• L••• S••••• S•••••• R•••••••• Credit L••• I••••••• M•••••••• S••••• A•••• I•••• S••• | $1.4M | $1.3M 93c | SOFR+625 bp |
Named as lender on a deal announcement: C•••••• A••••••• L•• (Dec 5, 2024) comvest.com
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 | 1 | $12.0M | $11.0M | 93c | 0 |
| Mar 31, 2026 | 1 | $12.0M | $11.9M | 100c | 0 |
| Dec 31, 2025 | 1 | $10.9M | $10.8M | 101c | 0 |
| Sep 30, 2025 | 1 | $7.8M | $7.6M | 100c | 0 |
| Jun 30, 2025 | 1 | $7.8M | $7.7M | 101c | 0 |
| Mar 31, 2025 | 1 | $8.0M | $7.9M | 101c | 0 |
| Dec 31, 2024 | 1 | $16.0M | $15.7M | 100c | 0 |
What changed
- Marked down across lendersJun 30, 2026
- Marked down across lendersJun 30, 2026
- Marked down across lendersJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- New borrower on a BDC scheduleDec 31, 2024
Sponsor
- T•• R•••••••• C••••••
- pe transactionderivedcomvest.comconfidence 0.8
Identity
- Group key
- SEATEXderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 1 BDCderived
- Industry
- Materialsreportedas one filer wrote it