DFX Intelligence
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Borrower
N•• S•••••• 2•••••
Also written as: Equity Securities; Ned S••••••
Principal held
at least $23.9M
sum of BDC pieces, a lower bound
Fair value
$26.5M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
5
2 equity pieces beside them
Next maturity
Nov 1, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
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 $23.5M | 100c | SOFR+500 bp | Nov 1, 2029 | 2 |
| first lien revolver first lien | at least $341,044 | 103c | SOFR+500 bp | Nov 1, 2029 | 2 |
| revolver lien unstated exited Dec 31, 2024 | unknown | n/a | Nov 1, 2029 | 1 | |
| delayed draw term loan lien unstated exited Dec 31, 2024 | unknown | n/a | Nov 1, 2029 | 1 | |
| first lien delayed draw term loan first lien exited Mar 31, 2026 | unknown | n/a | SOFR+500 bp | Nov 1, 2029 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••• C••••• B•• I••• | revolver first lien Investment T••• S••••• S•••••• R•••••••• L••• I•••• S+ S••••• 5.00% I••••••• R••• 8.68% M• | n/a | n/a | SOFR+500 bp |
| A•••• C••••• B•• I••• | equity equity Investment T••• C•••• B C••••• U•••• A••••••••• D••• 11/1/2022 | n/a | $363,106 130c | |
| A•••• C••••• B•• I••• | revolver first lien Investment T••• S••••• S•••••• R•••••••• L••• I•••• S+ S••••• 5.00% I••••••• R••• 8.73% M• | n/a | n/a | SOFR+500 bp |
| A•••• C••••• B•• I••• | term loan first lien Investment T••• U••••••••• T••• L••• I•••• S+ S••••• 5.00% I••••••• R••• 8.73% A••••••••• | $5.6M | $5.6M 101c | SOFR+500 bp |
| A•••• C••••• B•• I••• | revolver first lien Investment T••• U••••••••• R••••••• I•••• S+ S••••• 5.00% I••••••• R••• 8.73% A••••••••• D | $84,617 | $84,617 114c | SOFR+500 bp |
| A•••• P•••••• C••••• F•••• L•• | term loan first lien Investment T••• U••••••••• T••• L••• I•••• S+ S••••• 5.00% I••••••• R••• 8.73% A••••••••• | $2.8M | $2.8M 100c | SOFR+500 bp |
| A•••• P•••••• C••••• F•••• L•• | equity equity Investment T••• C•••• A Capital U•••• A••••••••• D••• 10/10/2024 | n/a | $2.3M 119c | |
| A•••• P•••••• C••••• F•••• L•• | revolver first lien U••••••••• R••••••• M••••••• 11/1/2029 | n/a | n/a | SOFR+500 bp |
| A•••• P•••••• C••••• F•••• L•• | revolver first lien Investment T••• U••••••••• R••••••• I•••• S+ S••••• 5.00% I••••••• R••• 8.73% A••••••••• D | $256,427 | $256,427 100c | SOFR+500 bp |
| A•••• P•••••• C••••• F•••• L•• | term loan first lien Investment T••• U••••••••• T••• L••• I•••• S+ S••••• 5.00% I••••••• R••• 8.73% A••••••••• | $15.1M | $15.1M 100c | SOFR+500 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 | $23.9M | $23.9M | 100c | 0 |
| Mar 31, 2026 | 2 | $23.8M | $23.8M | 100c | 0 |
| Dec 31, 2025 | 2 | $62.5M | $62.5M | 100c | 0 |
| Sep 30, 2025 | 2 | $23.7M | $23.7M | 100c | 0 |
| Jun 30, 2025 | 2 | $20.3M | $20.3M | 100c | 0 |
| Mar 31, 2025 | 1 | $5.1M | $5.1M | 102c | 0 |
| Dec 31, 2024 | 2 | $53.3M | $53.3M | 100c | 0 |
| Sep 30, 2024 | 1 | $4.8M | $4.8M | 102c | 0 |
| Jun 30, 2024 | 1 | $4.7M | $4.7M | 103c | 0 |
| Mar 31, 2024 | 1 | $4.5M | $4.5M | 103c | 0 |
| Dec 31, 2023 | 1 | $8.7M | $8.7M | 103c | 0 |
| Sep 30, 2023 | 1 | $3.7M | $3.7M | 104c | 0 |
| Jun 30, 2023 | 1 | $3.7M | $3.7M | 104c | 0 |
| Dec 31, 2022 | 1 | $3.6M | $3.4M | 100c | 0 |
What changed
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity shortened (observed)Mar 31, 2026
- Maturity shortened (observed)Mar 31, 2026
- Facility left every BDC scheduleMar 31, 2026
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity shortened (observed)Sep 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Facility left every BDC scheduleDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Spread changed (observed)Jun 30, 2024
- Maturity shortened (observed)Mar 31, 2024
Sponsor
- T•• L•
- the sponsor's own portfolio page lists a company of this nameestimatedtjclp.com"••• Locked"
Identity
- Group key
- NED STEVENSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 2 BDCsderived
- Industry
- Commercial Services & Suppliesreportedas one filer wrote it