DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
L••••• S••••••••• L••
Machinerygroup grade Aoff every schedule since Dec 31, 2025sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2025, $44.2M principal held by 4 lenders; matures Dec 2027.
Mark path, consensus per quarter end
101¢ · 101¢ · 101¢ · 101¢ · 101¢Q4 2024 to Q4 2025
Where each lender marks it, 0 points apart
101¢101¢
Principal held
at least $44.2M
sum of BDC pieces, a lower bound
Fair value
$44.2M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
4 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Dec 1, 2027
$44.2M inside 24 months
On the tape since
Jun 30, 2024
latest Dec 31, 2025
Events
7
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| K•••• A••••••• B••• I••• | $19.3M | 101¢ | 0 pts |
| S•••••• C•••••• I••••••••• C••• | $18.7M | 101¢ | 0 pts |
| S•••••• P•••••• C••••• B•• | $3.8M | 101¢ | 0 pts |
| K•••• D• 2•••• I••• | $2.43M | 101¢ | new this quarter |
Every BDC piece · 19 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••• C•••••• I••••••••• C••• | term loan lien unstated T••• L••• (S•••) | $8.2M | $8.2M 101c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bp |
| S•••••• C•••••• I••••••••• C••• | term loan lien unstated T••• L••• (S•••) | $8.2M | $8.2M 101c | //stelluscapital.com/20260331#Three Month Term Secured Overnight Financing Rate+525 bp |
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loans - I••••••• R••• 8.92% - S••••• 5.25% - R•••••••• S•••(Q) - | $4.7M | $4.7M 101c | SOFR+525 bp |
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loan - S•••(Q) - One | $4.7M | $4.7M 101c | S+525 bp |
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loans - I••••••• R••• 8.92% - S••••• 5.25% - R•••••••• S•••(Q) - | $3.8M | $3.8M 101c | SOFR+525 bp |
View all 19 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loan - S•••(Q) | $3.8M | $3.8M 101c | S+525 bp |
| S•••••• P•••••• C••••• B•• | term loan lien unstated T••• L••• | $1.4M | $1.4M 101c | SOFR+525 bp |
| K•••• A••••••• B••• I••• | delayed draw term loan first lien F•••• lien senior secured delayed draw loan - S•••(Q) | $1.2M | $1.2M 100c | S+525 bp |
| K•••• A••••••• B••• I••• | delayed draw term loan first lien F•••• lien senior secured delayed draw loans - I••••••• R••• 8.92% - S••••• 5.25% - R••••• | $1.2M | $1.2M 100c | SOFR+525 bp |
| S•••••• C•••••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | $1.2M | $1.2M 100c | //stelluscapital.com/20260331#Three Month Term Secured Overnight Financing Rate+525 bp |
| S•••••• C•••••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | $1.2M | $1.2M 100c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bp |
| K•••• D• 2•••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 8.92% - S••••• 5.25% - R•••••••• S•••(Q) - | $1.2M | $1.2M 101c | SOFR+525 bp |
| K•••• D• 2•••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 8.92% - S••••• 5.25% - R•••••••• S•••(Q) - | $950,000 | $950,000 101c | SOFR+525 bp |
| S•••••• P•••••• C••••• B•• | term loan lien unstated T••• L••• (P••• SPV) | $906,925 | $906,925 101c | SOFR+525 bp |
| S•••••• P•••••• C••••• B•• | term loan lien unstated T••• L••• One | $604,144 | $604,144 101c | SOFR+525 bp |
| S•••••• P•••••• C••••• B•• | term loan lien unstated T••• L••• (P••• SPV) One | $386,256 | $386,256 101c | SOFR+525 bp |
| K•••• D• 2•••• I••• | delayed draw term loan first lien F•••• lien senior secured delayed draw loan - I••••••• R••• 8.92% - S••••• 5.25% - R•••••• | $307,000 | $307,000 100c | SOFR+525 bp |
| S•••••• P•••••• C••••• B•• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | $293,285 | $293,285 100c | SOFR+525 bp |
| S•••••• P•••••• C••••• B•• | delayed draw term loan lien unstated D•••••• D••• T••• L••• (P••• SPV) | $187,510 | $187,510 100c | SOFR+525 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated exited Dec 31, 2025 | at least $19.7M | 101c | //stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bp | Dec 1, 2027 | 2 |
| first lien term loan first lien exited Dec 31, 2025 | at least $19.0M | 101c | SOFR+525 bp | Dec 1, 2027 | 2 |
| delayed draw term loan lien unstated exited Dec 31, 2025 | at least $2.8M | 100c | SOFR+525 bp | Dec 1, 2027 | 2 |
| first lien delayed draw term loan first lien exited Dec 31, 2025 | at least $2.7M | 100c | SOFR+525 bp | Dec 1, 2027 | 2 |
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 | 4 | $44.2M | $44.2M | 101c | 0 |
| Sep 30, 2025 | 3 | $22.9M | $22.9M | 101c | 0 |
| Jun 30, 2025 | 2 | $13.2M | $13.1M | 101c | 0 |
| Mar 31, 2025 | 2 | $13.2M | $13.2M | 101c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 3 | $32.5M | $32.4M | 101c | 0 |
| Sep 30, 2024 | 2 | $11.9M | $12.0M | 100c | 0 |
| Jun 30, 2024 | 2 | $11.7M | $11.5M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
- New lender joined a facilityDec 31, 2025
Full timeline · 10 eventsShow fewer
- New lender joined a facilityDec 31, 2025
- Spread changed (observed)Sep 30, 2025
- Spread changed (observed)Sep 30, 2025
- New lender joined a facilityDec 31, 2024
- New borrower on a BDC scheduleJun 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- L••••• S••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Machineryreportedas one filer wrote it