DFX Intelligence
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Borrower
W•••••••• B•••••• L••
group grade Aon a schedule nowsponsor unattributed
Principal held
at least $15.2M
sum of BDC pieces, a lower bound
Fair value
$20.7M
100c on cost, debt pieces
Unfunded
$1.4M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
3 equity pieces beside them
Next maturity
Jun 30, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
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 |
|---|---|---|---|---|---|
| term loan lien unstated | at least $15.2M | 100c | 6.00% PIK 6.00% | Jun 30, 2029 | 2 |
Equity pieces beside the debt: preferred equity ($5.5M fair value, 2 BDCs), other (n/a fair value, 2 BDCs), equity ($0 fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• 2 | $13.3M | $13.3M 100c | 6.00% PIK 6.00% |
| M••• S••••• C•••••• C••• | preferred equity equity P•••••••• S•••• | n/a | $4.8M 100c | 12.00% PIK 12.00% |
| M••• S••••• C•••••• C••• | unstated lien unstated | n/a | n/a | |
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• 1 | $0 | $0 | |
| M••• S••••• C•••••• C••• | equity equity C••••• S••••• | n/a | $0 | |
| M•• I••••• F•••• I••• | equity equity C••••• S••••• | n/a | $0 | |
| M•• I••••• F•••• I••• | term loan lien unstated S•••••• D••• 1 | $0 | $0 | |
| M•• I••••• F•••• I••• | unstated lien unstated | n/a | n/a | |
| M•• I••••• F•••• I••• | term loan lien unstated S•••••• D••• 2 | $1.9M | $1.9M 100c | 6.00% PIK 6.00% |
| M•• I••••• F•••• I••• | preferred equity equity P•••••••• S•••• | n/a | $694,000 100c | 12.00% PIK 12.00% |
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 | $15.2M | $15.2M | 100c | 2 |
| Mar 31, 2026 | 2 | $37.2M | $21.3M | 59c | 8 |
| Dec 31, 2025 | 2 | $37.3M | $25.4M | 68c | 8 |
| Sep 30, 2025 | 2 | $37.4M | $31.2M | 84c | 8 |
| Jun 30, 2025 | 2 | $37.0M | $34.8M | 95c | 8 |
| Mar 31, 2025 | 2 | $36.6M | $34.4M | 95c | 8 |
| Dec 31, 2024 | 2 | $72.5M | $68.4M | 95c | 16 |
| Sep 30, 2024 | 2 | $35.9M | $33.9M | 95c | 4 |
| Jun 30, 2024 | 2 | $35.5M | $35.5M | 101c | 0 |
| Mar 31, 2024 | 2 | $35.6M | $35.6M | 101c | 0 |
| Dec 31, 2023 | 2 | $35.3M | $35.3M | 101c | 0 |
| Sep 30, 2023 | 2 | $35.8M | $35.8M | 101c | 0 |
| Jun 30, 2023 | 2 | $35.1M | $35.1M | 101c | 0 |
| Mar 31, 2023 | 2 | $35.7M | $35.6M | 101c | 0 |
| Dec 31, 2022 | 2 | $34.0M | $34.0M | 101c | 0 |
| Sep 30, 2022 | 1 | $29.7M | $28.8M | 98c | 0 |
| Dec 31, 2021 | 1 | $51.8M | $50.5M | 100c | 0 |
What changed
- PIK interest increasedJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Mark recoveredJun 30, 2026
- PIK interest increasedJun 30, 2026
- PIK interest increasedJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- returned to accrualJun 30, 2026
- returned to accrualJun 30, 2026
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down across lendersDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down across lendersSep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- PIK interest appearsDec 31, 2024
- PIK interest appearsSep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Sep 30, 2024
- PIK interest appearsSep 30, 2024
- New lender joined a facilityDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- W•••••••• B•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived