DFX Intelligence
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Borrower
E••••••• H••••••• L••
Capital Goodsgroup grade Aoff every schedule since Dec 31, 2025sponsor unattributed
Also written as: A LRI Holding; K; LLC (F; LLC Equity Participation Rights
Nothing material in the last 200 days. Last change: 31 Dec 2025, Non-accrual at 2 of 2 lenders on the latest schedules.
Mark path, consensus per quarter end
59¢ · 79¢ · 85¢ · 72¢ · 70¢Q4 2024 to Q4 2025
Where each lender marks it on the second lien term loan, 16 points apart
36¢52¢
Principal held
at least $48.5M
sum of BDC pieces, a lower bound
Fair value
$27.4M
70c on cost, debt pieces
Unfunded
$2.6M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
3 equity pieces beside them
Next maturity
Dec 31, 2027
$12.8M inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2025
Events
22
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| O•• C•••••• C••• | $31.5M | 67¢ | -8 pts |
| C••••••• C•••••• B••• I••• | $17M | 75¢ | +6 pts |
Every BDC piece · 15 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••• C•••••• B••• I••• | term loan second lien Investment T••• S••••• S•••••• S••••• L••• T••• L••• M•••••••/ D••••••••• D••• 12/2028 | $10.4M | $3.7M 52c | |
| O•• C•••••• C••• | term loan second lien S••••• L••• D••• I••••••• E••••••••• C••••••••• and O•••• W••••• I••••••••• C••••••••• I•• | $9.6M | $2.4M 36c | PIK 10.00% |
| O•• C•••••• C••• | term loan second lien S••••• L••• D••• | $9.6M | $2.4M 36c | PIK 10.00% |
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• 750 I••••••• R••• 7.50% | $6.7M | $6.7M 100c | 7.50% |
| O•• C•••••• C••• | term loan first lien F•••• L••• D••• | $6.2M | $6.2M 100c | 7.50% |
View all 15 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•• C•••••• C••• | term loan first lien F•••• L••• D••• I••••••• E••••••••• C••••••••• and O•••• W••••• I••••••••• C••••••••• I••• | $6.2M | $6.2M 100c | 7.50% |
| O•• C•••••• C••• | revolver first lien F•••• L••• D••• (R•••••••) I••••••• E••••••••• C••••••••• and O•••• W••••• I••••••••• C••• | $0 | $0 | |
| O•• C•••••• C••• | revolver first lien F•••• L••• D••• (R•••••••) | $0 | $0 | |
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• R••••••• C••••••••• E••••••••• D••• 12/31/2027 | Not disclosed | Not disclosed | |
| C••••••• C•••••• B••• I••• | equity equity Investment T••• C••••• S•••• | Not disclosed | Not disclosed | |
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• S••••• S•••••• F•••• L••• R••••••• M•••••••/ D••••••••• D••• 12/2027 | Not disclosed | Not disclosed | |
| C••••••• C•••••• B••• I••• | preferred equity equity Investment T••• P•••••••• S•••• | Not disclosed | Not disclosed | |
| O•• C•••••• C••• | unstated lien unstated I••••••• E••••••••• C••••••••• and O•••• W••••• I••••••••• C••••••••• I•••••• A••••••••• D | Not disclosed | $0 0c | |
| O•• C•••••• C••• | revolver first lien F•••• L••• D••• (R•••••••) | Not disclosed | Not disclosed | |
| O•• C•••••• C••• | equity equity Equity P••••••••• R••••• | Not disclosed | $0 0c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2025 | at least $29.5M | 42c | PIK 10.00% | Dec 31, 2028 | 2 |
| first lien term loan first lien exited Dec 31, 2025 | at least $19.0M | 100c | 7.50% | Dec 31, 2027 | 2 |
| first lien revolver first lien exited Dec 31, 2025 | at least $0 | n/a | Dec 31, 2027 | 2 |
Equity pieces beside the debt: preferred equity (Not disclosed fair value, 1 BDC), other ($0 fair value, 1 BDC), equity ($0 fair value, 2 BDCs)
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, 2025 | 2 | $48.5M | $27.4M | 70c | 2 |
| Sep 30, 2025 | 2 | $34.5M | $20.7M | 72c | 1 |
| Jun 30, 2025 | 2 | $34.0M | $18.0M | 63c | 1 |
| Mar 31, 2025 | 2 | $35.5M | $18.0M | 59c | 1 |
All 15 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 2 | $58.1M | $29.0M | 59c | 2 |
| Sep 30, 2024 | 2 | $32.5M | $18.9M | 66c | 1 |
| Jun 30, 2024 | 2 | $32.1M | $19.6M | 69c | 1 |
| Mar 31, 2024 | 2 | $31.5M | $19.2M | 67c | 1 |
| Dec 31, 2023 | 2 | $29.4M | $20.5M | 77c | 1 |
| Sep 30, 2023 | 2 | $29.1M | $20.9M | 78c | 1 |
| Jun 30, 2023 | 2 | $28.9M | $21.3M | 80c | 2 |
| Mar 31, 2023 | 2 | $28.3M | $22.4M | 84c | 2 |
| Dec 31, 2022 | 2 | $41.5M | $29.9M | 76c | 3 |
| Sep 30, 2022 | 1 | $14.1M | $7.8M | 57c | 1 |
| Dec 31, 2021 | 1 | $26.8M | $23.3M | 87c | 2 |
What changed
- Facility left every BDC scheduleDec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
- Maturity extended (observed)Sep 30, 2025
Full timeline · 30 eventsShow fewer
- Mark recoveredSep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Mark recoveredJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Marked down across lendersMar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Marked down (one lender)Dec 31, 2024
- Marked down across lendersSep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down across lendersMar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Marked down across lendersDec 31, 2023
- Mark recoveredDec 31, 2023
- Marked down (one lender)Dec 31, 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
- ENVOCOREderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Capital Goodsreportedas one filer wrote it