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
U•••••••• F•••• S••••••
Chemicals Security Common Equity Initialgroup grade Aon a schedule nowsponsor not established · possible relationship
What matters now
- 98¢ → 97¢consensus mark
Consensus mark 97¢ on cost, down from 98¢ a year ago, 101¢ 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 - $8.01Mprincipal outstanding
$8.01M principal held by 2 lenders; matures Sep 2028.
Q2 2026 · Refinancing is due in 24 months at a 97¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
98¢ · 98¢ · 89¢ · 101¢ · 97¢Q2 2025 to Q2 2026
Where each lender marks it, 4 points apart
96¢100¢
Principal held
at least $8.0M
sum of BDC pieces, a lower bound
Fair value
$14.3M
97c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Sep 30, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
9
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 |
|---|---|---|---|
| M••••• A••••• I••••••••• P•••••• L•••••• | $5.52M | 96¢ | -1 pts |
| G•••• E•• C•••••• C•••• | $2.48M | 100¢ | -5 pts |
Every BDC piece · 7 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• A••••• I••••••••• P•••••• L•••••• | term loan first lien F•••• L••• S•••••• D••• - T••• L••• S+511, 1.00% F•••• M••••••• D••• 09/30/28 | $5.5M | $5.3M 96c | SOFR+511 bp |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• C•••••••• S••••••• 1st L•••, S•••••• L••• I••••••• R••• 1M S••• + 8.00% (9.76% C• | $2.5M | $2.5M 100c | SOFR+800 bp PIK 2.00% |
| G•••• E•• C•••••• C•••• | equity equity I••••••• C•••••••• S••••••• C•••• A-1 C••••• I•••••• A••••••••• D••• 4/7/2026 | $53,833 | $2.9M | |
| G•••• E•• C•••••• C•••• | equity equity I••••••• C•••••••• S••••••• P••••••••• S••••• I•••••• A••••••••• D••• 4/7/2026 | $46,573 | $3.6M 85c | |
| G•••• E•• C•••••• C•••• | equity equity I••••••• C•••••••• S••••••• C••••• Equity I•••••• A••••••••• D••• 10/16/2024 | $41,687 | Not disclosed n/a |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• E•• C•••••• C•••• | equity equity I••••••• C•••••••• S••••••• C••••• Equity I•••••• A••••••••• D••• 10/16/2024 Two | $976 | Not disclosed | |
| G•••• E•• C•••••• C•••• | equity equity I••••••• C•••••••• S••••••• C••••• Equity I•••••• A••••••••• D••• 10/16/2024 One | $371 | Not disclosed |
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 $8.0M | 97c | SOFR+511 bp PIK 2.00% | Sep 30, 2028 | 2 |
| term loan lien unstated exited Dec 31, 2024 | at least $42.7M | 100c | unstated | 1 |
Equity pieces beside the debt: equity ($6.5M fair value, 1 BDC)
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 | $8.0M | $7.8M | 97c | 1 |
| Mar 31, 2026 | 2 | $11.8M | $11.9M | 101c | 1 |
| Dec 31, 2025 | 2 | $11.7M | $15.8M | 86c | 1 |
| Sep 30, 2025 | 2 | $11.5M | $11.2M | 98c | 1 |
All 10 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $11.4M | $11.2M | 98c | 1 |
| Mar 31, 2025 | 2 | $11.3M | $11.0M | 98c | 1 |
| Dec 31, 2024 | 2 | $55.6M | $19.5M | 99c | 1 |
| Sep 30, 2024 | 1 | $7.9M | $7.8M | 100c | 0 |
| Jun 30, 2024 | 1 | $7.9M | $7.8M | 100c | 0 |
| Dec 31, 2023 | 1 | $8.0M | $7.9M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Mark recoveredMar 31, 2026
- Marked down across lendersDec 31, 2025
- Marked down (one lender)Dec 31, 2025
Full timeline · 15 eventsShow fewer
- Spread changed (observed)Jun 30, 2025
- Spread increasedJun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Facility left every BDC scheduleDec 31, 2024
- Spread changed (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Spread changed (observed)Jun 30, 2024
- Spread increasedJun 30, 2024
Sponsor
Possible relationship, not established: H••••• C••••••• L••, because a company of this name is on the sponsor's portfolio page (confidence 0.7). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- H••••• C••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedhig.com"••• Locked"
Identity
- Group key
- U•••••••• F•••• S••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Chemicals Security Common Equity Initialreportedas one filer wrote it