DFX Intelligence
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Borrower
C•••••• B••••• L••
Textiles, Apparel & Luxury Goodsgroup grade Aon a schedule nowsponsor unattributed
Also written as: C•••••• B••••• GP LLC; C•••••• B••••• L.P. Class A; C•••••• B••••• TopCo, LLC; C•••••• B••••• TopCo, LLC; Class A; L.P. Machinery
Principal held
at least $125M
sum of BDC pieces, a lower bound
Fair value
$250M
104c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
5
2 equity pieces beside them
Next maturity
Aug 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
32
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| unsecured or subordinated term loan unsecured or subordinated | at least $45.2M | 106c | S+800 bp PIK 11.65% | Feb 1, 2031 | 1 |
| term loan lien unstated | at least $42.1M | 102c | SOFR+800 bp | Feb 6, 2031 | 1 |
| first lien term loan first lien | at least $38.0M | 105c | SOFR+550 bp PIK 11.65% | Feb 6, 2031 | 2 |
| revolver lien unstated exited Sep 30, 2023 | at least $3.8M | 100c | S+575 bp | Oct 9, 2024 | 1 |
| first lien revolver first lien exited Dec 31, 2023 | unknown | n/a | S+250 bp | Oct 9, 2024 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan unsecured or subordinated S••••• subordinated loan | $31.9M | $32.0M 105c | S+800 bp PIK 11.65% |
| A••• C•••••• C••• | term loan unsecured or subordinated S••••• subordinated loan 1 | $13.3M | $13.3M 108c | S+650 bp |
| A••• C•••••• C••• | unstated lien unstated | n/a | $86.3M | |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $28.4M | $28.5M 107c | S+550 bp |
| A••• C•••••• C••• | unstated lien unstated | n/a | $12.5M 431c | |
| B•• I••••••••• C••• | term loan first lien F•••• L•••/S••••• S•••••• D••• I••••••• R••• 9.15% R•••••••• R••• and S••••• S••• + 5.50% | $3.7M | $3.7M 100c | SOFR+550 bp |
| B•• I••••••••• C••• | term loan first lien F•••• L•••/S••••• S•••••• D••• T••• L••• A2) T•••••••, A•••••• & L••••• G•••• I••••••• R•• | $4.2M | $4.2M 100c | SOFR+800 bp PIK 11.65% |
| B•• I••••••••• C••• | equity equity C••••• S•••• M••••••••• U•••• | n/a | $5.1M 682c | |
| B•• I••••••••• C••• | term loan first lien F•••• L•••/S••••• S•••••• D••• T••• L••• A1) T•••••••, A•••••• & L••••• G•••• I••••••• R•• | $1.7M | $1.7M 100c | SOFR+650 bp |
| T•• D••••• L•••••• V•• L•• | term loan lien unstated A••••••••• D••• 02/06/24 T••• L••• A-1 - 10.15% (S••• + 6.50%, 1.00% F••••) % of Net Asset | $7.6M | $7.6M 102c | SOFR+650 bp |
| T•• D••••• L•••••• V•• L•• | term loan lien unstated A••••••••• D••• 02/06/24 T••• L••• A-2 - 11.65% inc PIK (S••• + 8.00%, 1.00% F••••, all PI | $18.2M | $18.2M 101c | SOFR+800 bp |
| T•• D••••• L•••••• V•• L•• | term loan lien unstated A••••••••• D••• 02/06/24 T••• L••• - 9.15% (S••• + 5.50%, 1.00% F••••) % of Net Assets 3.6 | $16.2M | $16.2M 102c | SOFR+550 bp |
| T•• D••••• L•••••• V•• L•• | equity equity LP I•••••••• | n/a | $20.3M 21229c |
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 | $125M | $125M | 104c | 2 |
| Mar 31, 2026 | 3 | $133M | $133M | 104c | 2 |
| Dec 31, 2025 | 3 | $131M | $131M | 104c | 2 |
| Sep 30, 2025 | 3 | $135M | $135M | 104c | 2 |
| Jun 30, 2025 | 3 | $134M | $134M | 105c | 2 |
| Mar 31, 2025 | 3 | $132M | $132M | 105c | 2 |
| Dec 31, 2024 | 3 | $151M | $151M | 104c | 3 |
| Sep 30, 2024 | 3 | $138M | $138M | 105c | 2 |
| Jun 30, 2024 | 2 | $131M | $131M | 105c | 1 |
| Mar 31, 2024 | 2 | $129M | $128M | 105c | 1 |
| Dec 31, 2023 | 3 | $127M | $124M | 102c | 1 |
| Sep 30, 2023 | 2 | $135M | $129M | 99c | 0 |
| Jun 30, 2023 | 2 | $131M | $111M | 86c | 1 |
| Mar 31, 2023 | 2 | $129M | $116M | 92c | 2 |
| Dec 31, 2022 | 2 | $126M | $117M | 94c | 2 |
| Sep 30, 2022 | 1 | $81.6M | $7.1M | 9c | 1 |
| Dec 31, 2021 | 1 | $70.2M | $69.6M | 99c | 0 |
What changed
- Spread changed (observed)Mar 31, 2026
- Spread changed (observed)Dec 31, 2025
- Spread increasedDec 31, 2025
- Spread changed (observed)Sep 30, 2025
- Spread changed (observed)Sep 30, 2025
- Spread changed (observed)Jun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Dec 31, 2024
- Spread changed (observed)Dec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Spread changed (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- New lender joined a facilitySep 30, 2024
- Spread changed (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Spread changed (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Spread increasedMar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Maturity extended (observed)Mar 31, 2024
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Dec 31, 2023
- PIK interest appearsDec 31, 2023
- Spread increasedDec 31, 2023
- PIK interest appearsDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- New lender joined a facilityDec 31, 2023
- Spread changed (observed)Dec 31, 2023
- Mark recoveredSep 30, 2023
- Spread changed (observed)Sep 30, 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
- C•••••• B•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 3 across 3 BDCsderived
- Industry
- Textiles, Apparel & Luxury Goodsreportedas one filer wrote it