DFX Intelligence
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Borrower
3•• N• M••••••• M•••• L••
group grade Aoff every schedule since Jun 30, 2025sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q2 2024 to Q2 2025
Principal held
at least $1.0M
sum of BDC pieces, a lower bound
Fair value
$1.0M
100c 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
Jul 15, 2025
$1.0M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2025
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | $1M | 100¢ | 0 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $1.0M | $1.0M 100c | PIK 13.55% |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien delayed draw term loan first lien exited Dec 31, 2023 | at least $3.0M | 100c | S+1432 bp PIK 19.93% | Jul 15, 2024 | 1 |
| first lien term loan first lien exited Jun 30, 2025 | at least $1.0M | 100c | PIK 13.55% | Jul 15, 2025 | 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, 2025 | 1 | $1.0M | $1.0M | 100c | 1 |
| Mar 31, 2025 | 1 | $1.0M | $1.0M | 100c | 1 |
| Dec 31, 2024 | 1 | $2.0M | $2.0M | 100c | 2 |
| Sep 30, 2024 | 1 | $1.0M | $1.0M | 100c | 1 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2024 | 1 | $1.0M | $1.0M | 100c | 1 |
| Mar 31, 2024 | 1 | $1.0M | $1.0M | 100c | 1 |
| Dec 31, 2023 | 1 | $3.0M | $3.0M | 100c | 3 |
| Sep 30, 2023 | 1 | $1.0M | $997,000 | 100c | 1 |
| Jun 30, 2023 | 1 | $1.0M | $997,000 | 100c | 1 |
| Mar 31, 2023 | 1 | $1.0M | $979,000 | 100c | 1 |
| Dec 31, 2022 | 1 | $2.0M | $1.9M | 100c | 2 |
What changed
- Facility left every BDC scheduleJun 30, 2025
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Facility left every BDC scheduleDec 31, 2023
- PIK interest increasedMar 31, 2023
Full timeline · 7 eventsShow fewer
- PIK interest increasedMar 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
- 300 N MICHIGAN MEZZderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived