DFX Intelligence
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Borrower
L•••• 3• F••••••••• I••
Diversified Telecommunication Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Inc. Term B-2; Telecommunication Services
Principal held
at least $1.7M
sum of BDC pieces, a lower bound
Fair value
$1.7M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
10
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Mar 29, 2032
no dated debt inside 24 months
On the tape since
Mar 31, 2024
latest Jun 30, 2026
Events
6
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 $1.7M | 100c | SOFR+275 bp | Mar 29, 2032 | 5 |
| other lien unstated exited Jun 30, 2025 | at least $17.1M | 101c | S+430 bp | unstated | 4 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(M) S••••• 2.75% T•••• C••••• 6.39% M••••••• 3/29/ | $1.7M | $1.7M 100c | SOFR+275 bp |
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 | 1 | $1.7M | $1.7M | 100c | 0 |
| Mar 31, 2026 | 2 | $15.1M | $15.1M | 100c | 0 |
| Dec 31, 2025 | 3 | $82.5M | $82.7M | 100c | 0 |
| Sep 30, 2025 | 3 | $120M | $120M | 100c | 0 |
| Jun 30, 2025 | 4 | $167M | $169M | 102c | 0 |
| Mar 31, 2025 | 3 | $214M | $211M | 100c | 0 |
| Dec 31, 2024 | 3 | $208M | $212M | 104c | 0 |
| Sep 30, 2024 | 5 | $133M | $135M | 104c | 0 |
| Jun 30, 2024 | 5 | $85.2M | $83.2M | 99c | 0 |
| Mar 31, 2024 | 3 | $39.1M | $38.8M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityDec 31, 2025
- Spread changed (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- New lender joined a facilityMar 31, 2025
- Lender left a facilityMar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Jun 30, 2024
- New borrower on a BDC scheduleMar 31, 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
- LEVEL FINANCINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 10 BDCsderived
- Industry
- Diversified Telecommunication Servicesreportedas one filer wrote it