DFX Intelligence
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Borrower
M•••••• S••••••• C•••
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢Q1 2026 to Q2 2026
Where each lender marks it, 0 points apart
100¢100¢
Principal held
at least $40.1M
sum of BDC pieces, a lower bound
Fair value
$38.3M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Mar 31, 2032
no dated debt inside 24 months
On the tape since
Mar 31, 2026
latest Jun 30, 2026
Events
3
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 |
|---|---|---|---|
| S•••••••• P•••••• C••••• F••• L•• | $22.1M | 100¢ | 0 pts |
| S•••• P•••• D••••• L•••••• B•• | $18M | 100¢ | 0 pts |
Every BDC piece · 7 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••••• P•••••• C••••• F••• L•• | delayed draw term loan first lien D•••••• D••• T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 3/31/2032 | $11.9M | $11.8M 100c | SOFR+475 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 3/31/2032 | $10.2M | $10.1M 100c | SOFR+475 bp |
| S•••• P•••• D••••• L•••••• B•• | delayed draw term loan first lien Investment F•••• L••• D••• - D•••••• D••• R•••••••• R••• and S••••• S + 4.75% I••••••• R•• | $9.0M | $8.9M 99c | SOFR+475 bp |
| S•••• P•••• D••••• L•••••• B•• | term loan first lien Investment F•••• L••• D••• - T••• L••• R•••••••• R••• and S••••• S + 4.75% I••••••• R••• 8 | $7.7M | $7.6M 100c | SOFR+475 bp |
| S•••• P•••• D••••• L•••••• B•• | revolver first lien Investment F•••• L••• D••• - R••••••• R•••••••• R••• and S••••• S + 4.75% M••••••• D••• 03 | $1.3M | $-15,000 100c | SOFR+475 bp |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien R•••••••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 3/31/2032 | $0 | $-17,000 94c | SOFR+50 bp |
| S•••• P•••• D••••• L•••••• B•• | revolver first lien C••••••••• T••• F•••• L••• D••• - R••••••• C••••••••• E••••••••• D••• 3/31/2032 | Not disclosed | Not disclosed | S+475 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien delayed draw term loan first lien | at least $20.9M | 100c | SOFR+475 bp | Mar 31, 2032 | 2 |
| first lien term loan first lien | at least $17.9M | 100c | SOFR+475 bp | Mar 31, 2032 | 2 |
| first lien revolver first lien | at least $1.3M | n/a | SOFR+475 bp | Mar 31, 2032 | 2 |
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 | $40.1M | $38.3M | 100c | 0 |
| Mar 31, 2026 | 2 | $29.1M | $18.3M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- New borrower on a BDC scheduleMar 31, 2026
Sponsor
Possible relationship, not established: V••••• G••••• I•••••••• L•, because a company of this name is on the sponsor's portfolio page (confidence 0.65). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- V••••• G••••• I•••••••• L•
- the sponsor's own portfolio page lists a company of this nameestimatedvikingglobal.com"••• Locked"
Identity
- Group key
- M•••••• S•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Aerospacereportedas one filer wrote it