DFX Intelligence
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Borrower
H••• I••••••••• L••
Services: Businessgroup grade Aon a schedule nowsponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 101¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
100¢100¢
Principal held
at least $46.4M
sum of BDC pieces, a lower bound
Fair value
$45.8M
100c on cost, debt pieces
Unfunded
$242,000
commitments not yet drawn
BDC lenders
8
6 on the latest quarter
Facilities
7
0 equity pieces beside them
Next maturity
Feb 2, 2033
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
16
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 |
|---|---|---|---|
| B••• C•••••• P•••••• C••••• | $22.1M | 100¢ | 0 pts |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $13.8M | 100¢ | 0 pts |
| S•••••••• P•••••• C••••• F••• L•• | $9.42M | 100¢ | 0 pts |
| B••• C•••••• S•••••••• F••••••• I••• | $1.08M | 100¢ | 0 pts |
| N••••• C•••••••• D••••• L•••••• C•••• | $100K | 100¢ | 0 pts |
View all 6 lendersShow fewerlargest exposure first
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| T•• T••• B•••• C•••••• I••••• F••• | no principal filed | no cost filed | no comparable mark |
Every BDC piece · 17 positions across 6 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• P•••••• C••••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• F•••• 0.75% S••••• 4.75% I••••••• R••• 8.37% M••••••• | $15.1M | $15.0M 100c | SOFR+475 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien F•••• L••• D••• | $10.4M | $10.3M 100c | S+475 bp |
| B••• C•••••• P•••••• C••••• | delayed draw term loan first lien F•••• L••• S••••• S•••••• L••• - D•••••• D••• S••• F•••• 0.75% S••••• 4.75% I••••••• R••• | $6.9M | $6.9M 99c | SOFR+475 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 2/2/2033 | $5.0M | $5.0M 100c | SOFR+475 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) | $3.4M | $3.1M 99c | S+475 bp |
View all 17 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 2/2/2033 One | $2.2M | $2.2M 100c | SOFR+475 bp |
| S•••••••• P•••••• C••••• F••• L•• | delayed draw term loan first lien D•••••• D••• T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 2/2/2033 | $2.2M | $2.2M 100c | SOFR+475 bp |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• F•••• 0.75 S••••• 4.75% I••••••• R••• 8.37% M••••••• D | $912,000 | $903,000 100c | SOFR+475 bp |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• F•••• 0.75 S••••• 4.75% I••••••• R••• 8.37% M••••••• D | $163,000 | $161,000 99c | SOFR+475 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien F•••• L••• D••• | $75,000 | $75,000 100c | S+475 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien F•••• L••• D••• (D•••••• D•••) | $25,000 | $23,000 100c | S+475 bp |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien R•••••••• Credit L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 2/2/2033 | $0 | $-5,000 125c | SOFR+50 bp |
| B••• C•••••• P•••••• C••••• | revolver first lien F•••• L••• S••••• S•••••• L••• - R••••••• M••••••• D••• 2/2/2033 | Not disclosed | $-30,000 143c | S+475 bp |
| B••• C•••••• S•••••••• F••••••• I••• | revolver first lien F•••• L••• S••••• S•••••• L••• - R••••••• M••••••• D••• 2/2/2033 | Not disclosed | $-10,000 111c | S+475 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien D•••••• D••• L••• | Not disclosed | Not disclosed | |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien D•••••• D••• L••• | Not disclosed | Not disclosed | |
| T•• T••• B•••• C•••••• I••••• F••• | 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 $33.9M | 100c | SOFR+475 bp | Feb 2, 2033 | 7 |
| first lien delayed draw term loan first lien | at least $12.5M | 99c | SOFR+475 bp | Feb 2, 2033 | 7 |
| first lien revolver first lien | at least $0 | n/a | SOFR+475 bp | Feb 2, 2033 | 5 |
| other lien unstated | unknown | n/a | unstated | 3 | |
| term loan lien unstated exited Dec 31, 2025 | at least $8.4M | 101c | S+525 bp | Mar 31, 2029 | 1 |
All 7 facilitiesShow fewerheld first, largest first
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| revolver lien unstated exited Dec 31, 2025 | at least $1.2M | 103c | S+525 bp | Mar 31, 2029 | 1 |
| delayed draw term loan lien unstated exited Mar 31, 2026 | unknown | n/a | unstated | 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 | 6 | $46.4M | $45.8M | 100c | 0 |
| Mar 31, 2026 | 6 | $51.0M | $47.9M | 100c | 0 |
| Dec 31, 2025 | 4 | $31.9M | $23.6M | 101c | 0 |
| Sep 30, 2025 | 2 | $28.8M | $18.0M | 101c | 0 |
All 14 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $23.7M | $17.1M | 101c | 0 |
| Mar 31, 2025 | 2 | $23.8M | $17.0M | 101c | 0 |
| Dec 31, 2024 | 2 | $12.5M | $12.4M | 100c | 0 |
| Sep 30, 2024 | 1 | $2.1M | $2.1M | 100c | 0 |
| Jun 30, 2024 | 1 | $2.1M | $2.1M | 100c | 0 |
| Mar 31, 2024 | 1 | $2.1M | $2.0M | 100c | 0 |
| Dec 31, 2023 | 1 | $2.1M | $1.9M | 100c | 0 |
| Sep 30, 2023 | 1 | $1.2M | $1.1M | 100c | 0 |
| Mar 31, 2023 | 1 | $1.2M | $1.1M | 100c | 0 |
| Dec 31, 2022 | 2 | $1.2M | $1.1M | 100c | 0 |
What changed
- Spread increasedJun 30, 2026
- Maturity extended (observed)Mar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
Full timeline · 30 eventsShow fewer
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Maturity extended (observed)Mar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Maturity extended (observed)Mar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Spread changed (observed)Mar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Facility left every BDC scheduleMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityDec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- H••• I•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 8 BDCsderived
- Industry
- Services: Businessreportedas one filer wrote it