DFX Intelligence
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Borrower
A•••• H••••••• C•••
Technologygroup grade Aoff every schedule since Sep 30, 2025sponsor unattributed
Principal held
at least $2.6M
sum of BDC pieces, a lower bound
Fair value
$3.4M
85c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Aug 1, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2025
Events
2
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Sep 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Sep 30, 2025 | at least $2.6M | 85c | S+750 bp | Aug 1, 2028 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F••••••• B•• C•••••• C••• | unstated lien unstated | $88,000 | $969,000 78c | |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $17,000 | $190,000 78c | |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $2.5M | $2.2M 89c | S+750 bp |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2025 | 1 | $2.6M | $3.4M | 85c | 0 |
| Jun 30, 2025 | 1 | $2.6M | $2.8M | 70c | 0 |
| Mar 31, 2025 | 1 | $2.6M | $2.6M | 66c | 0 |
| Dec 31, 2024 | 1 | $2.7M | $2.9M | 68c | 0 |
| Sep 30, 2024 | 1 | $2.7M | $3.0M | 75c | 0 |
| Jun 30, 2024 | 1 | $2.8M | $3.0M | 74c | 1 |
| Mar 31, 2024 | 1 | $2.7M | $2.9M | 73c | 1 |
| Dec 31, 2023 | 1 | $2.7M | $3.0M | 75c | 1 |
| Sep 30, 2023 | 1 | $2.6M | $3.1M | 79c | 1 |
| Jun 30, 2023 | 1 | $2.6M | $3.8M | 97c | 1 |
| Mar 31, 2023 | 1 | $10.1M | $3.6M | 36c | 0 |
| Dec 31, 2022 | 1 | $17.1M | $5.8M | 34c | 0 |
| Dec 31, 2021 | 1 | $17.8M | $17.7M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2025
- Lender left a facilitySep 30, 2025
- Marked down (one lender)Dec 31, 2024
- New lender joined a facilityDec 31, 2023
- Marked down (one lender)Sep 30, 2023
- Spread increasedJun 30, 2023
- PIK interest appearsJun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Spread increasedMar 31, 2023
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- AVAYAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Technologyreportedas one filer wrote it