DFX Intelligence
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Borrower
C••••••••• L••••••••• L••
Telecommunicationsgroup grade Aoff every schedule since Dec 31, 2025sponsor unattributed
Also written as: Telecom
Principal held
at least $436,000
sum of BDC pieces, a lower bound
Fair value
$436,000
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Nov 30, 2027
$436,000 inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2025
Events
3
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Dec 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Sep 30, 2025 | at least $3.0M | 99c | 3.88% | Sep 15, 2027 | 2 |
| first lien term loan first lien exited Dec 31, 2025 | at least $436,000 | 100c | 3.00% | Nov 30, 2027 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S••••• C•••• C•••••• C••• | term loan first lien F•••• L••• - T••• L••• | $436,000 | $436,000 100c | 3.00% |
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 | 1 | $436,000 | $436,000 | 100c | 0 |
| Sep 30, 2025 | 2 | $3.4M | $3.4M | 100c | 0 |
| Jun 30, 2025 | 2 | $3.4M | $3.3M | 99c | 0 |
| Mar 31, 2025 | 1 | $3.0M | $2.8M | 98c | 0 |
| Dec 31, 2024 | 2 | $6.4M | $6.1M | 97c | 0 |
| Sep 30, 2024 | 1 | $2.0M | $1.9M | 97c | 0 |
| Jun 30, 2024 | 1 | $2.0M | $1.8M | 90c | 0 |
| Mar 31, 2024 | 1 | $2.0M | $1.8M | 92c | 0 |
| Dec 31, 2023 | 1 | $2.0M | $1.8M | 90c | 0 |
| Sep 30, 2023 | 1 | $2.0M | $1.7M | 86c | 0 |
| Jun 30, 2023 | 1 | $2.0M | $1.7M | 86c | 0 |
| Mar 31, 2023 | 1 | $2.0M | $1.6M | 83c | 0 |
| Dec 31, 2022 | 1 | $4.0M | $3.3M | 86c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2025
- Lender left a facilitySep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
- New lender joined a facilityDec 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
- C••••••••• L••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Telecommunicationsreportedas one filer wrote it