DFX Intelligence
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Borrower
B•••• I••
Software & Servicesgroup grade Bon a schedule nowsponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 101¢Q2 2025 to Q2 2026
Principal held
at least $5.4M
sum of BDC pieces, a lower bound
Fair value
$5.4M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Dec 31, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C••••••• C•••••• B••• I••• | $5.44M | 101¢ | +1 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 500, 100 F•••• I•••• | $4.7M | $4.7M 101c | SOFR+500 bp |
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 500, 100 F•••• I•••• | $741,000 | $741,000 101c | SOFR+500 bp |
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• M•••••••/ D••••••••• D••• 12/2028 | Not disclosed | Not disclosed n/a | S+500 bp |
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• R••••••• C••••••••• E••••••••• D••• 12/31/2028 | Not disclosed | Not disclosed |
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 $5.4M | 101c | SOFR+500 bp | Dec 31, 2028 | 1 |
| first lien revolver first lien | unknown | n/a | unstated | 1 |
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 | $5.4M | $5.4M | 101c | 0 |
| Mar 31, 2026 | 1 | $5.5M | $5.5M | 100c | 0 |
| Dec 31, 2025 | 1 | $5.5M | $5.5M | 100c | 0 |
| Sep 30, 2025 | 1 | $5.5M | $5.5M | 100c | 0 |
All 15 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $5.5M | $5.4M | 99c | 0 |
| Mar 31, 2025 | 1 | $5.5M | $5.4M | 99c | 0 |
| Dec 31, 2024 | 1 | $4.7M | $4.7M | 101c | 0 |
| Sep 30, 2024 | 1 | $4.7M | $4.7M | 101c | 0 |
| Jun 30, 2024 | 1 | $4.7M | $4.7M | 101c | 0 |
| Mar 31, 2024 | 1 | $4.8M | $4.8M | 101c | 0 |
| Dec 31, 2023 | 1 | $4.8M | $4.8M | 101c | 0 |
| Sep 30, 2023 | 1 | $4.8M | $4.8M | 101c | 0 |
| Jun 30, 2023 | 1 | $4.9M | $4.8M | 100c | 0 |
| Mar 31, 2023 | 1 | $4.9M | $4.8M | 100c | 0 |
| Dec 31, 2022 | 1 | $4.9M | $4.9M | 101c | 0 |
What changed
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Marked down (one lender)Jun 30, 2023
Full timeline · 7 eventsShow fewer
- Marked down (one lender)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
- BELAYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Software & Servicesreportedas one filer wrote it