DFX Intelligence
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Borrower
P•••••• S••••••• I••
Softwaregroup grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Principal held
at least $7.3M
sum of BDC pieces, a lower bound
Fair value
$7.3M
101c on cost, debt pieces
Unfunded
$14.7M
commitments not yet drawn
BDC lenders
4
2 on the latest quarter
Facilities
5
0 equity pieces beside them
Next maturity
Jul 15, 2026
$3.7M inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2024
Events
7
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2024 | at least $6.2M | 101c | SOFR+500 bp | Jul 15, 2026 | 3 |
| revolver lien unstated exited Dec 31, 2024 | at least $1.1M | 100c | S+500 bp | unstated | 2 |
| first lien delayed draw term loan first lien exited Jun 30, 2024 | at least $516,000 | 101c | S+550 bp | Jul 1, 2027 | 1 |
| other lien unstated exited Dec 31, 2024 | unknown | n/a | unstated | 3 | |
| first lien revolver first lien exited Dec 31, 2024 | unknown | n/a | unstated | 3 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien First Lien Debt | $2.6M | $2.6M 102c | S+500 bp |
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien Investment First Lien Debt Reference Rate and Spread S + 5.00% Interest Rate 9.59% Maturit | $2.6M | $2.6M 102c | SOFR+500 bp |
| M••••• S•••••• D••••• L•••••• F••• | revolver first lien First Lien Debt Commitment Type Revolver Commitment Expiration Date 7/15/2026 | n/a | n/a | |
| M••••• S•••••• D••••• L•••••• F••• | unstated lien unstated | n/a | n/a | |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien First Lien Debt Reference Rate and Spread S + 5.00% Interest Rate 9.52% Maturity Date 07/1 | $1.1M | $1.1M 100c | SOFR+500 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | revolver lien unstated | $1.1M | $1.1M 100c | S+500 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | revolver first lien First Lien Debt Commitment Type Revolver Commitment Expiration Date 07/15/2026 | n/a | n/a |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 2 | $7.3M | $7.3M | 101c | 0 |
| Sep 30, 2024 | 2 | $7.3M | $7.3M | 100c | 0 |
| Jun 30, 2024 | 2 | $46.5M | $46.5M | 101c | 0 |
| Mar 31, 2024 | 3 | $62.6M | $62.2M | 101c | 0 |
| Dec 31, 2023 | 3 | $69.5M | $68.3M | 99c | 0 |
| Sep 30, 2023 | 3 | $74.1M | $71.5M | 98c | 0 |
| Jun 30, 2023 | 3 | $71.7M | $69.7M | 98c | 0 |
| Mar 31, 2023 | 3 | $75.7M | $73.4M | 98c | 0 |
| Dec 31, 2022 | 2 | $63.0M | $60.7M | 98c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- New lender joined a facilitySep 30, 2024
- New lender joined a facilitySep 30, 2024
- New lender joined a facilityJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Mark recoveredDec 31, 2023
- Marked down across lendersSep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Spread increasedSep 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
- P•••••• S••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Softwarereportedas one filer wrote it