DFX Intelligence
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Borrower
L••••••• C•••
Insurance & Insurance Services Rate S+5.75%, 0.50% Floorgroup grade Aon a schedule nowsponsor not established · possible relationship
What matters now
- 99¢ → 96¢consensus mark
Consensus mark 96¢ on cost, down from 99¢ a year ago, 93¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived5 of 5 lenders' own marks, weighted by principal
Mark path, consensus per quarter end
99¢ · 99¢ · 98¢ · 93¢ · 96¢Q2 2025 to Q2 2026
Where each lender marks it, 7 points apart
93¢100¢
Principal held
at least $42.2M
sum of BDC pieces, a lower bound
Fair value
$40.1M
96c on cost, debt pieces
Unfunded
$12.3M
commitments not yet drawn
BDC lenders
5
5 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
May 1, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2024
latest Jun 30, 2026
Events
2
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 |
|---|---|---|---|
| S••••• P•••• S•••••••• L•••••• F••• | $18.6M | 93¢ | 0 pts |
| K•• F• I••••• T•••• | $9.07M | 100¢ | new this quarter |
| K•• F• I••••• T•••• S••••• | $5.67M | 100¢ | new this quarter |
| C•••••••• L•••••• S••••••••• L•• | $5.04M | 94¢ | 0 pts |
| F• K•• C•••••• C••• | $3.8M | 100¢ | new this quarter |
Every BDC piece · 11 positions across 5 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S••••• P•••• S•••••••• L•••••• F••• | term loan first lien 1st L•••/S•••••• L•••• I••••••••• 1st L••• T••• L••• I••••••• I•••••••• & I•••••••• Servic | $18.6M | $16.9M 93c | SOFR+575 bp |
| K•• F• I••••• T•••• | unstated lien unstated | $6.0M | $6.0M 100c | S+500 bp |
| C•••••••• L•••••• S••••••••• L•• | term loan first lien F••••••••• loan | $5.0M | $4.6M 94c | S+575 bp |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | $3.8M | $3.8M 100c | S+500 bp |
| K•• F• I••••• T•••• | unstated lien unstated | $3.0M | $3.0M 100c | S+500 bp |
View all 11 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F• K•• C•••••• C••• | unstated lien unstated | $2.5M | $2.5M 100c | S+500 bp |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | $1.9M | $1.9M 100c | S+500 bp |
| F• K•• C•••••• C••• | unstated lien unstated | $1.3M | $1.3M 100c | S+500 bp |
| F• K•• C•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| K•• F• I••••• T•••• | unstated lien unstated | Not disclosed | Not disclosed | |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | 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 $23.7M | 93c | SOFR+575 bp | Aug 27, 2029 | 2 |
| other lien unstated | at least $18.5M | 100c | S+500 bp | May 1, 2029 | 3 |
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 | 5 | $42.2M | $40.1M | 96c | 0 |
| Mar 31, 2026 | 2 | $24.0M | $21.9M | 93c | 0 |
| Dec 31, 2025 | 2 | $43.4M | $41.7M | 98c | 0 |
| Sep 30, 2025 | 2 | $23.7M | $23.1M | 99c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $12.8M | $12.3M | 99c | 0 |
| Mar 31, 2025 | 1 | $12.9M | $12.6M | 101c | 0 |
| Dec 31, 2024 | 2 | $23.7M | $23.1M | 100c | 0 |
| Sep 30, 2024 | 1 | $12.3M | $11.0M | 100c | 0 |
What changed
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- New borrower on a BDC scheduleSep 30, 2024
Sponsor
Possible relationship, not established: G•••••• C••••••, because a company of this name is on the sponsor's portfolio page (confidence 0.6). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- G•••••• C••••••
- the sponsor's own portfolio page lists a company of this nameestimatedgencap.com"••• Locked"
Identity
- Group key
- LIKEWIZEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived
- Industry
- Insurance & Insurance Services Rate S+5.75%, 0.50% Floorreportedas one filer wrote it