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F••••••• B•• L•••••• C•••
Business development companymanaged by F••••••• B•• L•••••• A••••••• L•••••No longer on the SEC BDC reportNon-tradedLatest schedule Sep 30, 2023· NEW YORK, NY
A non-traded business development company, managed by F••••••• B•• L•••••• A••••••• L•••••, holding $3.7B across 308 borrowers at Sep 30, 2023.
Composed from this BDC's filings and its latest schedule of investments.
As of · the latest schedule of investments read for this BDC
- Fair value
- $3.7B
- Borrowers
- 308
- Mark on cost
- 96.1¢
- First lien
- 31%
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
As of · the latest schedule of investments read for this BDC
Nothing material in the last 200 days. Last change: 30 Sep 2023, 1 borrower on non-accrual, $11.9M principal; the largest is A•••• A••••••••• L•• ($11.9M).
Every headline figure, and the identifiersCIK 1490927 · file 814-00821ShowHide
Fair value
$3.7B
as of Sep 30, 2023
Principal held
$3.5B
debt pieces, the filer's figure
Cost
$4.1B
96c on cost, debt pieces
Unfunded
$217M
commitments not yet drawn
Positions
606
308 borrowers
First lien
31%
94% debt by fair value
Quarters on the tape
7
since Dec 31, 2020
Facilities held
0
0 sponsors financed
Portfolio through time
Fair value by quarter end$4.4B as of Sep 30, 2023
Dec 31, 2021$4.6B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Sep 30, 2023 | $4.4B | 308 | 96c | 35 | 557 bp |
| Jun 30, 2023 | $4.5B | 312 | 96c | 31 | 561 bp |
| Mar 31, 2023 | $3.7B | 310 | 96c | 22 | 560 bp |
| Dec 31, 2022 | $6.3B | 317 | 95c | 34 | 540 bp |
All 8 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Mar 31, 2022 | Not disclosed | 30 | n/a | 0 | n/a |
| Dec 31, 2021 | $4.6B | 339 | 99c | 26 | 557 bp |
| Jan 20, 2021 | Not disclosed | 1 | n/a | 0 | n/a |
| Dec 31, 2020 | Not disclosed | 38 | n/a | 0 | n/a |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- New borrower on a BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2023
Full timeline · 20 eventsShow fewer
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- PIK interest increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- PIK interest appearsSep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Maturity shortened (observed)Sep 30, 2023
Schedule of investments at Jun 30, 2023
614 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| B•••••• C•••• | unstated lien unstated | $2.7M | $2.6M 98c | S+325 bp | Oct 2, 2028 |
| W••• L•• B••••••• Services | unstated lien unstated | $2.6M | $2.6M 100c | S+575 bp | Sep 5, 2024 |
| P•••••• V•• A•••••••• L•• | unstated lien unstated | $3.0M | $2.6M 88c | S+375 bp | Mar 31, 2027 |
| S••••••• C••• L••• 2•••••• E•• Structured finance (CLO) | unstated lien unstated | $3.0M | $2.6M 93c | S+695 bp | Jul 16, 2032 |
| N••••••••• C••••••• L••• 1••••• E• | unstated lien unstated | $3.0M | $2.6M 88c | S+764 bp | Jun 20, 2034 |
| V•••••• C•• 4•• L••• 2••••• E• Structured finance (CLO) | unstated lien unstated | $3.0M | $2.6M 88c | S+715 bp | Apr 15, 2034 |
| T••••••• C••• 2••••••• L••• 2•••• E• | unstated lien unstated | $3.0M | $2.6M 87c | S+720 bp | Oct 25, 2034 |
| V•••••• C••• L••• 1••••• E•• | unstated lien unstated | $3.0M | $2.5M 87c | S+755 bp | Jul 19, 2034 |
| M••••••• P••••••• C•••••••• F•••••• C••• L••• 2•••• D• Structured finance (CLO) | unstated lien unstated | $3.0M | $2.5M 87c | S+748 bp | Oct 20, 2034 |
| W••• L•• B••••••• Services | unstated lien unstated | $2.4M | $2.4M 100c | S+575 bp | Sep 5, 2025 |
| F••• A••••••••• C••••••• I••• | unstated lien unstated | $2.5M | $2.4M 100c | S+418 bp | Apr 13, 2029 |
| U• O••• S•••••• M••••••••• H•••••• L•• H••••••••• | unstated lien unstated | $2.4M | $2.4M 99c | S+650 bp | Nov 18, 2027 |
| C••••• D• S••••• H•••••• U•• N••••• I••• | unstated lien unstated | Not disclosed | $2.4M 541c | ||
| C••••• D• S••••• H•••••• U•• N••••• I••• | equity equity | Not disclosed | $2.4M | ||
| A••• G••••• P••••••••• L•• I••••••••• | revolver first lien | $2.3M | $2.3M 100c | S+475 bp | Apr 1, 2026 |
| H••••••••• L••• M••••••••• L••• 1••••• E• | unstated lien unstated | $3.0M | $2.3M 85c | S+610 bp | May 6, 2030 |
| A••••• C••••••••• R••• E••••• F••••••• I••• | unstated lien unstated | $3.0M | $2.3M 78c | 4.63% | Jun 15, 2029 |
| W••• U•• T•••• H•••••••• L•• | unstated lien unstated | $2.5M | $2.3M 98c | S+400 bp | Jul 26, 2028 |
| H••••• K•••••••• X•• L••• 1•••• E• | unstated lien unstated | $2.5M | $2.3M 96c | S+772 bp | Oct 20, 2034 |
| N•••••• F•••••• B••• | unstated lien unstated | $2.3M | $2.3M 100c | S+400 bp | Apr 3, 2028 |
| K•••••••• P•• B••••• I••• B••••••• Services | unstated lien unstated | $2.3M | $2.3M 98c | S+575 bp | Dec 10, 2027 |
| A••••• P•••••• I••• I••••••••• | unstated lien unstated | $2.2M | $2.2M 98c | S+575 bp | Oct 29, 2027 |
| E•••••••• G••••••••• L•• | unstated lien unstated | $2.4M | $2.2M 93c | S+375 bp | Dec 13, 2025 |
| A••••• S•••••••• L•• | unstated lien unstated | $2.5M | $2.1M 87c | S+350 bp | Mar 6, 2025 |
| A•••• H••••••• C•••• | unstated lien unstated | $2.5M | $2.1M 87c | S+850 bp PIK 7.00% | Aug 1, 2028 |
| B•••• M••••••• S•••• L•• E••••• | unstated lien unstated | Not disclosed | $2.1M | ||
| K•••••• I••••••••• H•••••••• L•• | unstated lien unstated | $2.1M | $2.1M 101c | S+350 bp | Feb 8, 2028 |
| L••• L••• P••••••••• 1•• E•• | unstated lien unstated | $2.5M | $2.1M 91c | S+638 bp | Oct 15, 2031 |
| H•••••• C••• B••••• I••• H••••••••• | revolver first lien | $2.1M | $2.1M 101c | S+650 bp | Dec 9, 2026 |
| P•• B••••• I••• F••• & B••••••• | unstated lien unstated | $2.1M | $2.1M 102c | S+550 bp | Apr 5, 2027 |
| C••••••• C••••• P••••••• C••• L••• 1• 1• E• Structured finance (CLO) | unstated lien unstated | $2.5M | $2.1M 89c | S+645 bp | Oct 15, 2029 |
| A••••• G•••• C•••••••• C••••• P•••• • P•••••••• | unstated lien unstated | $6.7M | $2.0M 35c | S+775 bp | Dec 7, 2024 |
| I••••••• C•••• | term loan first lien | Not disclosed | $2.0M | ||
| I••••••• C•••• B••••••• Services | term loan first lien | $4.0M | $2.0M 49c | S+650 bp | May 8, 2025 |
| A•••••• G••••••••• S••••••• H•••••••• L•• | unstated lien unstated | $2.0M | $1.9M 99c | S+400 bp | Jan 29, 2027 |
| A•••••• E•••••• L•• | unstated lien unstated | $1.9M | $1.9M 99c | S+350 bp | Dec 10, 2027 |
| F•••••• B••••• L•• U•••••••• | delayed draw term loan first lien | $1.9M | $1.9M 97c | S+700 bp | Oct 11, 2028 |
| I•• O••••••••• L•• B••••••• Services | revolver first lien | $1.9M | $1.9M 98c | S+525 bp | Nov 22, 2027 |
| M•••• P•• P•••••••• L••• C••••••• | revolver first lien | $2.0M | $1.9M 96c | S+600 bp | Dec 10, 2026 |
| W••• R•••• C••• L••• 1•••• F• Structured finance (CLO) | unstated lien unstated | $3.0M | $1.9M 73c | S+787 bp | Jan 15, 2031 |
| P•••••• B•••• P••••••••• L•• B••••••• Services | unstated lien unstated | $1.8M | $1.8M 100c | S+800 bp | May 31, 2027 |
| I•• F•••••••• G••••• I••• | unstated lien unstated | $1.9M | $1.8M 102c | S+425 bp | Nov 1, 2028 |
| M•••• P•• P•••••••• L••• C••••••• | revolver first lien | $1.9M | $1.8M 97c | S+600 bp | Dec 10, 2026 |
| P•••••• N••••• L•• | unstated lien unstated | $2.0M | $1.8M 94c | S+400 bp | Jun 2, 2028 |
| E•••••••• C••• L••• 1•••• D• Structured finance (CLO) | unstated lien unstated | $2.0M | $1.8M 92c | S+765 bp | Aug 15, 2032 |
| O•• C••• L••• 1•••• D• Structured finance (CLO) | unstated lien unstated | $2.2M | $1.8M 86c | S+570 bp | Apr 26, 2031 |
| S•••• P•••• C••• L••• 1•••• E• Structured finance (CLO) | unstated lien unstated | $2.4M | $1.8M 85c | S+610 bp | Jul 25, 2030 |
| K•••••• M•••••• C••• L••• | unstated lien unstated | $2.0M | $1.8M 93c | 4.88% | May 1, 2028 |
| R•••••• I• F••••••• L• 1•••• D•• | unstated lien unstated | $2.0M | $1.8M 91c | S+695 bp | Jan 15, 2029 |
| M•••••• I••• L•• | unstated lien unstated | $2.0M | $1.8M 88c | 4.13% | Jun 30, 2028 |
| A••••••• R••• S••• C••••••• L•• | unstated lien unstated | $1.9M | $1.7M 90c | S+725 bp | Jun 11, 2029 |
| R•••• I•• C•••• F••• & B••••••• | revolver first lien | $1.8M | $1.7M 98c | S+650 bp | Jul 1, 2025 |
| M•• A••••••••• H•••••••• L•• | unstated lien unstated | $2.0M | $1.7M 86c | 5.50% | Sep 1, 2028 |
| B••• O••••••••• B••••• I••• H••••••••• | unstated lien unstated | $1.7M | $1.7M 97c | S+625 bp PIK 3.00% | Dec 29, 2028 |
| C••••••••• L••••••••• L•• | unstated lien unstated | $2.0M | $1.7M 86c | 3.88% | Sep 15, 2027 |
| V•••••• C••• L••• 1••••• E• | unstated lien unstated | $2.0M | $1.7M 85c | S+720 bp | Apr 20, 2029 |
| C•••••• G•• C••• 1•••• F•• Structured finance (CLO) | unstated lien unstated | $2.1M | $1.6M 82c | S+860 bp | Jul 20, 2034 |
| B•••• M••••••• S•••• L•• E••••• | unstated lien unstated | $1.6M | $1.6M 100c | S+900 bp | Jun 30, 2024 |
| W•••• B••••••• L••••••• L•• F••••••••• | unstated lien unstated | Not disclosed | $1.6M 43c | ||
| A••••• F••••••••• S• | unstated lien unstated | $2.0M | $1.6M 82c | 5.00% | Jan 15, 2028 |
| C••••• I••••••••• L•• I••••••••• | unstated lien unstated | $1.6M | $1.6M 100c | S+600 bp | Dec 27, 2027 |
| K•• F•••••••• C••• L••• 1• F• Structured finance (CLO) | unstated lien unstated | $2.0M | $1.6M 82c | S+850 bp | Jan 18, 2032 |
| O•••• L••• 1••••• D• | unstated lien unstated | $2.0M | $1.6M 82c | S+675 bp | Apr 20, 2033 |
| C••••••• I••• I••••••••• | unstated lien unstated | Not disclosed | $1.6M 70c | ||
| C••••••• I••• | equity equity | Not disclosed | $1.6M | ||
| E•••• V•••• C••• L••• 1•••• F• | unstated lien unstated | $2.0M | $1.6M 88c | S+797 bp | Jan 20, 2030 |
| L•••••••• H•••••• I••• | unstated lien unstated | $2.0M | $1.6M 78c | 4.38% | Feb 15, 2027 |
| K••••• I•••••• O••• D••••••••• A••••••• C•••••• T••••••••• | unstated lien unstated | Not disclosed | $1.5M | ||
| K••••• I•••••• O••• D••••••••• A••••••• C•••••• | equity equity | Not disclosed | $1.5M | ||
| P•• B••••• I••• F••• & B••••••• | unstated lien unstated | $1.5M | $1.5M 100c | S+550 bp | Apr 5, 2027 |
| I••••• I••• | unstated lien unstated | $1.5M | $1.4M 102c | S+675 bp | Mar 2, 2029 |
| R•••• I•• C•••• F••• & B••••••• | revolver first lien | $1.5M | $1.4M 98c | S+600 bp | Jul 1, 2025 |
| I••••••••• E••••••••• S••••••••• I••• I••••••••• | unstated lien unstated | $1.4M | $1.4M 100c | 7.50% | Dec 31, 2025 |
| I••••••••• E••••••••• S••••••••• I••• | term loan first lien | Not disclosed | $1.4M | ||
| A•••• H••••••• C•••• | unstated lien unstated | $88,000 | $1.4M 113c | ||
| T•••• H•••• I••• | unstated lien unstated | $1.5M | $1.4M 94c | S+375 bp | Jan 31, 2028 |
| U•••• O••• I•••• M••••••••• | unstated lien unstated | $1.6M | $1.4M 87c | 7.38% | Feb 1, 2028 |
| N•••• J••••• L•• | unstated lien unstated | $1.4M | $1.3M 93c | S+325 bp | Jan 24, 2029 |
| T•••••• C••• L••• 2•••• E• Structured finance (CLO) | unstated lien unstated | $1.5M | $1.3M 89c | S+738 bp | Jul 20, 2032 |
| S••••••• C••• L••• 2•• E• Structured finance (CLO) | unstated lien unstated | $1.5M | $1.3M 88c | S+705 bp | Jul 20, 2034 |
| S•••••• C••• L••• 2•••• E• Structured finance (CLO) | unstated lien unstated | $1.5M | $1.3M 89c | S+812 bp | Feb 20, 2033 |
| P••••• S••••• C••• L••• 2•••• F• Structured finance (CLO) | unstated lien unstated | $1.5M | $1.3M 87c | S+766 bp | Oct 15, 2034 |
| T••••• L•••• I•••• S••••••••• | revolver first lien | $1.3M | $1.2M 96c | S+525 bp | May 5, 2028 |
| M••• M••••• S••••••• L•• T••••••••• | revolver first lien | $1.3M | $1.2M 92c | S+675 bp | Apr 23, 2025 |
| S•••••••• C•••• T••••••••• | unstated lien unstated | $1.4M | $1.2M 88c | S+525 bp | Jul 14, 2028 |
| U••••••• S••••••• G••••• I••• | unstated lien unstated | $1.2M | $1.2M 100c | S+375 bp | May 4, 2026 |
| C••••• T••••••••• G••••• L•• I••••••••• | unstated lien unstated | Not disclosed | $1.1M 408c | ||
| P••••••••• C••••• O••••••••• F••• I•• L• | equity equity | Not disclosed | $1.1M | ||
| P••••••••• C••••• O••••••••• F••• I•• L•• D••••••••• I••••••••• V••••••• | unstated lien unstated | Not disclosed | $1.1M 149c | ||
| C••••••• L•••••••• T••••••••• | unstated lien unstated | $1.1M | $1.1M 100c | S+475 bp | Nov 12, 2027 |
| T•• D•••••• N••••••• L••• C••••••• | term loan first lien | $42.2M | $1.1M 5c | S+600 bp PIK 11.16% | Mar 31, 2023 |
| T•• D•••••• N••••••• L•• | term loan first lien | Not disclosed | $1.1M | ||
| F•••••••• E••••• O••••••••• L•• E••••• | term loan first lien | $1.1M | $1.1M 100c | S+800 bp | Jun 30, 2027 |
| F•••••••• E••••• O••••••••• L•• | term loan first lien | Not disclosed | $1.1M | ||
| F••••••• C••••••••• C•••• | unstated lien unstated | $1.2M | $1.1M 83c | 5.00% | May 1, 2028 |
| A•• C••• L••• 2•••• F• Structured finance (CLO) | unstated lien unstated | $1.4M | $1.1M 81c | S+690 bp | Apr 22, 2034 |
| P••• R••• E•••••••• F••••••• L•• | subordinated debt unsecured or subordinated | Not disclosed | $1.0M | ||
| P••• R••• E•••••••• F••••••• L•• | unstated lien unstated | $1.0M | $1.0M 100c | S+775 bp | Dec 31, 2028 |
| S••••• G••••• S••••••••• L•• B••••••• Services | revolver first lien | $963,000 | $963,000 100c | S+675 bp | Dec 31, 2023 |
| K•••••••• I•••• C••••••• | unstated lien unstated | $1.1M | $956,000 90c | S+600 bp | Jun 30, 2024 |
Registration
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2012 to 2023reported
- Filings listed
- 8reported10-Q and 10-K since 2022
- Former names
- Business Development Corp of Americareported
- Latest schedule
- 0001490927-23-000017reported