DFX Intelligence
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Borrower
S••••••••• H••••• L••••••
Telecommunicationsgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $10.3M
sum of BDC pieces, a lower bound
Fair value
$13.7M
99c 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
Apr 20, 2030
no dated debt inside 24 months
On the tape since
Sep 30, 2025
latest Jun 30, 2026
Events
1
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 delayed draw term loan first lien | at least $10.3M | 99c | S+800 bp PIK 4.00% | Apr 20, 2030 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• P•••••• C••••• | delayed draw term loan first lien F•••• L••• S••••• S•••••• L••• - D•••••• D••• S••••• 8.00% (4.00% PIK) I••••••• R••• 12.00 | $9.8M | $13.0M 99c | S+800 bp PIK 4.00% |
| B••• C•••••• S•••••••• F••••••• I••• | delayed draw term loan first lien F•••• L••• S••••• S•••••• L••• - D•••••• D••• S••••• 8.00% (4.00% PIK) I••••••• R••• 12.00 | $491,000 | $652,000 99c | S+800 bp PIK 4.00% |
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 | $10.3M | $13.7M | 99c | 2 |
| Mar 31, 2026 | 2 | $8.1M | $10.7M | 98c | 2 |
| Dec 31, 2025 | 2 | $10.6M | $14.3M | 101c | 4 |
| Sep 30, 2025 | 2 | $0 | $0 | n/a | 0 |
What changed
- New borrower on a BDC scheduleSep 30, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SUBSTANTIAL #UKderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Telecommunicationsreportedas one filer wrote it