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Borrower

D••••••• I••

Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: D••••••• Bidco, LLC

What matters now

  1. 100¢ → 90¢
    consensus mark

    Consensus mark 90¢ on cost, down from 100¢ a year ago, 94¢ last quarter.

    Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.

    Derived5 of 5 lenders' own marks, weighted by principal
  2. $236M
    principal outstanding

    $236M principal held by 5 lenders; matures Feb 2031.

    Q2 2026 · Refinancing is due in 52 months at a 90¢ mark.

    FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q2 2025: 100¢Q3 2025: 100¢Q4 2025: 100¢Q1 2026: 94¢Q2 2026: 90¢100¢ · 100¢ · 100¢ · 94¢ · 90¢Q2 2025 to Q2 2026
Where each lender marks it, 7 points apart
89¢Consensus: 90¢G•••••• S•••• P•••••• C••••• C••••: 89¢A••• S•••••••• I••••• F•••: 91¢N•• M••••••• P•••••• C••••• F•••: 96¢B••••••••• P•••••• C••••• F•••: 92¢C••••••• P•••••• C••••• I••••• C•••: 92¢96¢
Principal held
at least $236M
sum of BDC pieces, a lower bound
Fair value
$191M
90c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
9
5 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Feb 4, 2031
no dated debt inside 24 months
On the tape since
Mar 31, 2024
latest Jun 30, 2026
Events
6
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
Every BDC piece · 6 positions across 5 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
G•••••• S•••• P•••••• C••••• C••••term loan first lien
1st L•••/S••••• S•••••• D••• I••••••• S••••••• I••••••• R••• 6.66% R•••••••• R••• and S•••
$131M$119M
91c
SOFR+300 bp
A••• S•••••••• I••••• F•••term loan first lien
F•••• lien senior secured loan
$67.4M$61.2M
91c
S+300 bp
G•••••• S•••• P•••••• C••••• C••••term loan first lien
1st L•••/S••••• S•••••• D••• I••••••• S••••••• I••••••• R••• 6.39% R•••••••• R••• and S•••
$25.0M$-688,000
-28c
SOFR+275 bp
N•• M••••••• P•••••• C••••• F•••term loan first lien
F•••• L••• 1 | N••••••••• I•••••
$10.0M$9.1M
96c
S+300 bp
B••••••••• P•••••• C••••• F•••unstated lien unstated$1.8M$1.6M
92c
S+300 bp
View all 6 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
C••••••• P•••••• C••••• I••••• C•••term loan first lien
Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 300 I••••••• R••• 6.
$1.1M$1.0M
92c
SOFR+300 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $235M90cSOFR+300 bpFeb 4, 20335
other lien unstatedat least $1.8M92cS+300 bpFeb 4, 20331
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20265$236M$191M90c0
Mar 31, 20265$231M$195M94c0
Dec 31, 20252$71.4M$71.1M100c0
Sep 30, 20251$300$300100c0
All 7 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$300$300100c0
Mar 31, 20251$1.8M$1.8M100c0
Mar 31, 20241$3.8M$3.7M100c0
What changed
Full timeline · 15 events
Every change including routine ones
Identity
Group key
DAYFORCEderivedthe codename stem after legal suffixes and deal words
Spellings
2 across 9 BDCsderived
Industry
Softwarereportedas one filer wrote it