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Born To Run, LLC

Private Credit

Search this name across graphsid dfx:pc:491b1fb7-09a6-965b-ff91-cefcfd62a85b

Data as of Mar 31, 2024 (this record's last observation) from The BDC tape; Adviser-reported credit funds; Deal parties; Pending. Page built Sep 20, 2026, 1:21 AM UTC and rebuilt at most every 15 minutes.

Relationships: 0
Dated events: 34
On other graphs: 0
Observed: Dec 31, 2021 to Mar 31, 2024
6 observations

Right now

3 signals name this record (all private credit signals)

#1NewSignalPrivate creditCredit deterioration

Born To Run, LLC: lender marks fell to 92 cents across 2 BDC lenders

State NEW at the 2023-03-31 quarter end, readable when the filing landed on 2023-05-12.

Exposure: $12.1M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.38x non accrual, 139d median

Monroe Capital Income Plus Corp · lender MONROE CAPITAL Corp · lender

Credit Attention / portfolio monitorMar 31, 2023 · seen 2 days ago

#2NewSignalPrivate creditCredit deterioration

Born To Run, LLC: lender marks fell to 79 cents across 2 BDC lenders

State NEW at the 2023-09-30 quarter end, readable when the filing landed on 2023-11-13.

Exposure: $12.1M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.38x non accrual, 139d median

Monroe Capital Income Plus Corp · lender MONROE CAPITAL Corp · lender

Credit Attention / portfolio monitorSep 30, 2023 · seen 2 days ago

#3NewSignalPrivate creditCredit deterioration

Born To Run, LLC: lender marks fell to 52 cents across 2 BDC lenders

State NEW at the 2024-03-31 quarter end, readable when the filing landed on 2024-05-10.

Exposure: $12.1M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.38x non accrual, 139d median

Monroe Capital Income Plus Corp · lender MONROE CAPITAL Corp · lender

Credit Attention / portfolio monitorMar 31, 2024 · seen 2 days ago

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Lenders: 2
BDCs: 2
Facilities: 3
Principal, latest: $13.9Mpieces as filed; a lower bound
Fair value, latest: $7.1M
Mark ratio: 52%fair value over cost, latest
Next maturity: Apr 1, 2027
First on a schedule: Dec 31, 2021
Last on a schedule: Mar 31, 2024

Facilities

one facility is one borrower, one kind and one lien; its size is the sum of the BDC pieces the tape can see, a lower bound, never the commitment

Kind	Lien	Size, lower bound	Fair value	Maturity	Maturity basis	Spread	PIK	Lenders	BDCs	Status	Last seen
Term loan	First lien	$13.9M	$7.1M	Apr 1, 2027	Html schedule	0	n/a	2	2	Unknown	Mar 31, 2024
Delayed draw	First lien	$470,000	$452,000	Apr 1, 2027	Xbrl fact	0	n/a	1	1	Unknown	Dec 31, 2022
Common equity	equity	n/a	$0	n/a	n/a	n/a	n/a	2	2	Unknown	Mar 31, 2024

Relationships

No published relationship touches this entity yet.

Dated events

21 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Mar 31, 2024
Borrower left every BDC schedule
Born To Run, LLC term loan (first lien) left every BDC schedule after 2024-03-31 (2 lenders, $13.9M last held)
BDC schedule of investments
$13.9M
Occurred
Mar 31, 2024
Marked down across lenders
Born To Run, LLC term loan: marked from 76 to 52 cents on cost across 2 lender(s)
BDC schedule of investments
$13.9M
Occurred
Mar 31, 2024
Marked down by a BDC
Monroe Capital Income Plus Corp: fair value markdown in Born To Run, LLC (76 to 52 cents on cost)
BDC schedule of investmentsobserved 2.4 years ago
0.516496821713248 usd
Occurred
Mar 31, 2024
Marked down by a BDC
MONROE CAPITAL Corp: fair value markdown in Born To Run, LLC (76 to 52 cents on cost)
BDC schedule of investmentsobserved 2.4 years ago
0.516606123508044 usd
Occurred
Sep 30, 2023
Marked down across lenders
Born To Run, LLC term loan: marked from 90 to 79 cents on cost across 2 lender(s)
BDC schedule of investments
$13.9M
Occurred
Sep 30, 2023
Marked down by a BDC
Monroe Capital Income Plus Corp: fair value markdown in Born To Run, LLC (90 to 79 cents on cost)
BDC schedule of investmentsobserved 2.9 years ago
0.785079749646679 usd
Occurred
Sep 30, 2023
Marked down by a BDC
MONROE CAPITAL Corp: fair value markdown in Born To Run, LLC (90 to 79 cents on cost)
BDC schedule of investmentsobserved 2.9 years ago
0.785306334371755 usd
Occurred
Mar 31, 2023
Marked down across lenders
Born To Run, LLC term loan: marked from 98 to 92 cents on cost across 2 lender(s)
BDC schedule of investments
$14.0M
Occurred
Mar 31, 2023
Marked down by a BDC
Monroe Capital Income Plus Corp: fair value markdown in Born To Run, LLC (98 to 92 cents on cost)
BDC schedule of investmentsobserved 3.4 years ago
0.919052419354839 usd
Occurred
Mar 31, 2023
Marked down by a BDC
MONROE CAPITAL Corp: fair value markdown in Born To Run, LLC (98 to 92 cents on cost)
BDC schedule of investmentsobserved 3.4 years ago
0.919129082426128 usd
Occurred
Dec 31, 2022
Borrower left every BDC schedule
Born To Run, LLC delayed draw (first lien) left every BDC schedule after 2022-12-31 (1 lender, $.5M last held)
BDC schedule of investments
$470,000
Occurred
Dec 31, 2022
BDC joined a facility
Monroe Capital Income Plus Corp joins Born To Run, LLC term loan (first lien) held by 1 other BDC
BDC schedule of investments
$10.0M
Occurred
Dec 31, 2021
Borrower first appears on a BDC schedule
Born To Run, LLC first appears in a BDC schedule (1 lender)
MONROE CAPITAL CorpBDC schedule of investmentsobserved 3.9 years ago
$8.1M

Show 21 bookkeeping events

Occurred
Jun 30, 2024
MONROE CAPITAL Corp: position exited in Born To Run, LLC ($3.9M principal)
Occurred
Jun 30, 2024
Monroe Capital Income Plus Corp: position exited in Born To Run, LLC
Occurred
Jun 30, 2024
MONROE CAPITAL Corp: position exited in Born To Run, LLC
Occurred
Jun 30, 2024
Monroe Capital Income Plus Corp: position exited in Born To Run, LLC ($10.0M principal)
Occurred
Mar 31, 2024
Monroe Capital Income Plus Corp: principal decreased in Born To Run, LLC ($10.0M principal)
Occurred
Dec 31, 2023
Monroe Capital Income Plus Corp: principal increased in Born To Run, LLC ($30.1M principal)
Occurred
Mar 31, 2023
Monroe Capital Income Plus Corp: principal decreased in Born To Run, LLC ($10.0M principal)
Occurred
Mar 31, 2023
MONROE CAPITAL Corp: position exited in Born To Run, LLC ($.5M principal)
Occurred
Mar 31, 2023
MONROE CAPITAL Corp: principal decreased in Born To Run, LLC ($3.9M principal)
Occurred
Dec 31, 2022
MONROE CAPITAL Corp: principal increased in Born To Run, LLC ($7.4M principal)
Occurred
Dec 31, 2022
Monroe Capital Income Plus Corp: new position in Born To Run, LLC ($20.1M principal)
Occurred
Dec 31, 2022
Monroe Capital Income Plus Corp: new position in Born To Run, LLC
Occurred
Sep 30, 2022
MONROE CAPITAL Corp: new position in Born To Run, LLC ($3.5M principal)
Occurred
Sep 30, 2022
MONROE CAPITAL Corp: new position in Born To Run, LLC
Occurred
Sep 30, 2022
MONROE CAPITAL Corp: new position in Born To Run, LLC ($.6M principal)
Occurred
Mar 31, 2022
MONROE CAPITAL Corp: position exited in Born To Run, LLC ($.6M principal)
Occurred
Mar 31, 2022
MONROE CAPITAL Corp: position exited in Born To Run, LLC
Occurred
Mar 31, 2022
MONROE CAPITAL Corp: position exited in Born To Run, LLC ($3.5M principal)
Occurred
Dec 31, 2021
MONROE CAPITAL Corp: new position in Born To Run, LLC ($3.5M principal)
Occurred
Dec 31, 2021
MONROE CAPITAL Corp: new position in Born To Run, LLC ($.6M principal)
Occurred
Dec 31, 2021
MONROE CAPITAL Corp: new position in Born To Run, LLC

Provenance

Graph: Private Credit
Canonical id: dfx:pc:491b1fb7-09a6-965b-ff91-cefcfd62a85b
First observed: Dec 31, 2021
Last observed: Mar 31, 2024 30 months ago
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Born To Run, LLC

Private Credit

Search this name across graphsid dfx:pc:491b1fb7-09a6-965b-ff91-cefcfd62a85b

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

First lien

$13.9M

$7.1M

Apr 1, 2027

Html schedule

n/a

Unknown

Mar 31, 2024

Delayed draw

First lien

$470,000

$452,000

Apr 1, 2027

Xbrl fact

n/a

Unknown

Dec 31, 2022

Common equity

equity

n/a

Unknown

Mar 31, 2024