DFX Intelligence
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Borrower
R••••• T•••• P••••••••• L•
Passenger Ground Transportationgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $129M
sum of BDC pieces, a lower bound
Fair value
$127M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jan 26, 2032
no dated debt inside 24 months
On the tape since
Mar 31, 2026
latest Jun 30, 2026
Events
3
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 $129M | 100c | S+675 bp PIK 10.39% | Jan 26, 2032 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | term loan unsecured or subordinated S••••••••• D••• T••• L••• | $32.0M | $31.4M 100c | S+675 bp PIK 10.39% |
| O•••••• S•••••••• C••••• F••• | term loan unsecured or subordinated S••••••••• D••• T••• L••• | $97.1M | $95.3M 100c | S+675 bp PIK 10.39% |
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 | $129M | $127M | 100c | 2 |
| Mar 31, 2026 | 2 | $124M | $121M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- New borrower on a BDC scheduleMar 31, 2026
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- RECESS PARTNERSHIPderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Passenger Ground Transportationreportedas one filer wrote it