DFX Intelligence
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Borrower
P••••• L••
Financial Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: PayArc Holdings, LLC
Principal held
at least $15.0M
sum of BDC pieces, a lower bound
Fair value
$14.5M
99c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
May 22, 2031
no dated debt inside 24 months
On the tape since
Jun 30, 2026
latest Jun 30, 2026
Events
1
dated, non-routine
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 $15.0M | 99c | SOFR+650 bp | May 22, 2031 | 3 |
| first lien revolver first lien | unknown | n/a | SOFR+650 bp | May 22, 2031 | 1 |
Equity pieces beside the debt: warrants ($225,000 fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B• P••••••• L•••••• C••• | term loan first lien Senior Secured Loan Interest Rate 10.23% Reference Rate and Spread S + 6.50% Floor 2.00% M | $4.7M | $4.4M 97c | SOFR+650 bp |
| B• P••••••• L•••••• C••• | term loan first lien Senior Secured Loan Interest Rate 10.23% Reference Rate and Spread S + 6.50% Floor 2.00% M | n/a | $-6,000 75c | SOFR+650 bp |
| B•• I••••••••• C••• | revolver first lien First Lien/Senior Secured Debt Revolver) Financial Services SOFR + 6.50% Floor 2.00% Matur | n/a | $-7,000 100c | SOFR+650 bp |
| B•• I••••••••• C••• | term loan first lien First Lien/Senior Secured Debt Interest Rate 10.15% Reference Rate and Spread SOFR + 6.50% | $5.7M | $5.3M 100c | SOFR+650 bp |
| B•• I••••••••• C••• | warrants equity Common Stock Membership Units Warrant Financial Services | n/a | $225,000 100c | |
| M••••••• C•••••••• L•••••• I••••• F•••• I••• | term loan first lien Senior Secured Loan Term Loan | $4.6M | $4.5M 100c | 10.15% |
| M••••••• C•••••••• L•••••• I••••• F•••• I••• | warrants equity Warrants Warrants | $88,718 | n/a |
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 | 3 | $15.0M | $14.3M | 99c | 0 |
What changed
- New borrower on a BDC scheduleJun 30, 2026
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- PAYARCderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived
- Industry
- Financial Servicesreportedas one filer wrote it