DFX Intelligence
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Borrower
K••• L••
group grade Con a schedule nowsponsor unattributed
Also written as: Honor HN Buyer Inc; SS Acquisition, LLC
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
n/a
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, 2021
latest Jun 30, 2026
Events
6
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 | unknown | n/a | unstated | 1 | |
| first lien revolver first lien exited Mar 31, 2026 | at least $1.3M | 98c | SOFR+625 bp | Dec 20, 2026 | 1 |
Equity pieces beside the debt: other (n/a fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•• C•••••• C••• | term loan first lien Investment T••• F•••• L••• D••• | 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 |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $0 | $0 | n/a | 0 |
| Mar 31, 2026 | 1 | $18.4M | $18.0M | 98c | 1 |
| Dec 31, 2025 | 1 | $37.2M | $36.1M | 97c | 2 |
| Sep 30, 2025 | 1 | $18.5M | $17.8M | 97c | 1 |
| Jun 30, 2025 | 1 | $18.3M | $17.5M | 96c | 1 |
| Mar 31, 2025 | 1 | $18.4M | $17.4M | 95c | 1 |
| Dec 31, 2024 | 1 | $35.2M | $33.3M | 95c | 2 |
| Sep 30, 2024 | 1 | $17.5M | $16.1M | 92c | 1 |
| Jun 30, 2024 | 1 | $17.4M | $16.0M | 93c | 1 |
| Mar 31, 2024 | 1 | $17.2M | $15.9M | 93c | 1 |
| Dec 31, 2023 | 1 | $17.1M | $15.9M | 93c | 1 |
| Sep 30, 2023 | 1 | $17.0M | $15.7M | 93c | 1 |
| Jun 30, 2023 | 1 | $16.9M | $15.6M | 93c | 1 |
| Mar 31, 2023 | 1 | $16.7M | $15.3M | 92c | 1 |
| Dec 31, 2022 | 1 | $33.1M | $31.2M | 95c | 2 |
| Sep 30, 2022 | 1 | $20.1M | $19.0M | 95c | 0 |
| Dec 31, 2021 | 1 | $41.0M | $40.7M | 100c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2026
- Spread changed (observed)Mar 31, 2025
- Spread increasedMar 31, 2025
- Spread changed (observed)Sep 30, 2023
- Spread increasedSep 30, 2023
- PIK interest increasedMar 31, 2023
- Spread changed (observed)Mar 31, 2023
- PIK interest increasedMar 31, 2023
- PIK interest appearsDec 31, 2022
- PIK interest appearsDec 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
- KREGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived