DFX Intelligence
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Borrower
P••••• H•••••• I••
Also written as: Application Software; Fixed Rate; P••••• Parent, Inc; Senior A
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
103¢ · 103¢ · 103¢Q3 2023 to Q1 2024
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
$9.2M
n/a on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
11
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Sep 30, 2024
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• T••••••••• F•••••• C•••• I• | preferred equity equity Series A P•••••••• S•••• | Not disclosed | $9.2M 114c |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| notes lien unstated exited Mar 31, 2024 | at least $2.3M | 103c | 6.50% | Mar 31, 2029 | 1 |
Equity pieces beside the debt: preferred equity ($9.2M fair value, 1 BDC), other ($10.4M fair value, 3 BDCs)
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $0 | $0 | n/a | 0 |
| Jun 30, 2024 | 6 | $0 | $0 | n/a | 0 |
| Mar 31, 2024 | 7 | $2.3M | $2.2M | 103c | 0 |
| Dec 31, 2023 | 11 | $2.3M | $2.2M | 103c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 9 | $0 | $0 | n/a | 0 |
| Jun 30, 2023 | 10 | $0 | $0 | n/a | 0 |
| Mar 31, 2023 | 10 | $0 | $0 | n/a | 0 |
| Dec 31, 2022 | 10 | $0 | $0 | n/a | 0 |
| Sep 30, 2022 | 2 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- New borrower on a BDC scheduleSep 30, 2022
Sponsor
Possible relationship, not established: V•••• E••••• P••••••• M••••••••• L••, because Form D signer consensus, grade B (confidence 0.6). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- V•••• E••••• P••••••• M••••••••• L••
- Form D signer consensus, grade Bestimated"••• Locked"
Identity
- Group key
- PICARDderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 11 BDCsderived