DFX Intelligence
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Borrower
V•••• I••
Consumer & Business Servicesgroup grade Con a schedule nowsponsor unattributed
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
$2,000
n/a on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
10
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2025 | at least $10.8M | 101c | S+470 bp PIK 1.50% | Mar 1, 2027 | 1 |
| other lien unstated exited Dec 31, 2022 | at least $10.1M | 102c | unstated | 1 |
Equity pieces beside the debt: warrants ($2,000 fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | warrants equity W••••••, 3/31/2022, C••••• S•••• | n/a | $2,000 2c |
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 | 1 | $0 | $0 | n/a | 0 |
| Mar 31, 2026 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2025 | 1 | $0 | $0 | n/a | 0 |
| Sep 30, 2025 | 1 | $10.8M | $11.0M | 101c | 2 |
| Jun 30, 2025 | 1 | $10.9M | $10.8M | 99c | 2 |
| Mar 31, 2025 | 1 | $10.8M | $10.7M | 99c | 2 |
| Dec 31, 2024 | 1 | $31.1M | $32.0M | 99c | 4 |
| Sep 30, 2024 | 1 | $10.3M | $10.7M | 100c | 2 |
| Jun 30, 2024 | 1 | $10.3M | $10.6M | 100c | 2 |
| Mar 31, 2024 | 1 | $10.3M | $10.5M | 100c | 2 |
| Dec 31, 2023 | 1 | $40.9M | $42.1M | 101c | 6 |
| Sep 30, 2023 | 1 | $20.4M | $20.9M | 102c | 2 |
| Jun 30, 2023 | 1 | $20.3M | $20.6M | 101c | 2 |
| Mar 31, 2023 | 1 | $20.2M | $20.6M | 102c | 2 |
| Dec 31, 2022 | 1 | $20.2M | $20.3M | 102c | 2 |
What changed
- Spread changed (observed)Sep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
- Spread changed (observed)Jun 30, 2025
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)Jun 30, 2023
- Facility left every BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- VEEMderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Consumer & Business Servicesreportedas one filer wrote it