DFX Intelligence
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Borrower
B••••• F•••• B••••• F••• • B•••••••• L••
F••• Productsgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $43.7M
sum of BDC pieces, a lower bound
Fair value
$43.2M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jul 30, 2027
$43.7M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
20
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 | at least $41.5M | 100c | SOFR+615 bp | Jul 30, 2027 | 2 |
| first lien revolver first lien | at least $2.2M | 99c | SOFR+615 bp | Jul 30, 2027 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• A••••• I••••••••• P•••••• L•••••• | term loan first lien F•••• L••• S•••••• D••• - T••• L••• S+615, 1.00% F•••• M••••••• D••• 07/30/27 | $7.8M | $7.7M 100c | SOFR+615 bp |
| M••••• F•••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• - T••• L••• S•••+615, 1.00% F•••• M••••••• D••• 07/30/27 | $33.8M | $33.4M 100c | SOFR+615 bp |
| M••••• F•••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• - R••••••• S•••+615, 1.00% F•••• M••••••• D••• 07/30/26 | $2.2M | $2.1M 99c | SOFR+615 bp |
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 | $43.7M | $43.2M | 100c | 0 |
| Mar 31, 2026 | 2 | $43.5M | $42.7M | 99c | 0 |
| Dec 31, 2025 | 2 | $43.1M | $42.4M | 99c | 0 |
| Sep 30, 2025 | 2 | $43.3M | $42.4M | 99c | 0 |
| Jun 30, 2025 | 1 | $34.9M | $34.2M | 99c | 0 |
| Mar 31, 2025 | 1 | $35.0M | $34.5M | 99c | 0 |
| Dec 31, 2024 | 1 | $34.3M | $33.5M | 99c | 0 |
| Sep 30, 2024 | 1 | $32.3M | $31.7M | 99c | 0 |
| Jun 30, 2024 | 1 | $32.2M | $31.5M | 99c | 0 |
| Mar 31, 2024 | 1 | $33.2M | $31.2M | 98c | 0 |
| Dec 31, 2023 | 1 | $33.3M | $30.5M | 97c | 1 |
| Sep 30, 2023 | 1 | $33.4M | $30.6M | 97c | 0 |
| Jun 30, 2023 | 1 | $33.5M | $31.0M | 97c | 0 |
| Mar 31, 2023 | 1 | $33.5M | $30.7M | n/a | 0 |
| Dec 31, 2022 | 1 | $67.2M | $62.8M | 203c | 0 |
What changed
- Maturity approachingJul 30, 2027
- Maturity approachingJul 30, 2027
- Maturity approachingJul 30, 2027
- Maturity approachingJul 30, 2027
- Spread changed (observed)Mar 31, 2026
- Maturity extended (observed)Mar 31, 2026
- Spread changed (observed)Mar 31, 2026
- Maturity extended (observed)Mar 31, 2026
- Maturity shortened (observed)Dec 31, 2025
- Spread changed (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- Spread changed (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Spread increasedSep 30, 2025
- Spread increasedSep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Spread changed (observed)Jun 30, 2025
- Spread increasedJun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Sep 30, 2024
- Spread increasedSep 30, 2024
- Spread changed (observed)Mar 31, 2024
- PIK interest appearsDec 31, 2023
- Spread changed (observed)Dec 31, 2023
- PIK interest appearsDec 31, 2023
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)Jun 30, 2023
- Spread changed (observed)Mar 31, 2023
- New borrower on a 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
- BERNER FOODS BERNER FOOD AND BEVERAGEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- F••• Productsreportedas one filer wrote it