DFX Intelligence
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Borrower
A••• C••••• C•• 2••••••
Structured finance (CLO)group grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Jun 2024, Consensus mark 74¢ on cost, down from 80¢ a year ago, 76¢ last quarter.
Mark path, consensus per quarter end
80¢ · 81¢ · 79¢ · 76¢ · 74¢Q2 2023 to Q2 2024
Principal held
at least $12.6M
sum of BDC pieces, a lower bound
Fair value
$7.7M
74c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| O•• C•••••• C••• | $10.7M | 74¢ | -2 pts |
| H•••••• P••• C•••••••• I•••••• I••• | $1.89M | 74¢ | -2 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•• C•••••• C••• | notes unsecured or subordinated S••••••••• N•••• | $10.7M | $6.6M 74c | 16.70% |
| H•••••• P••• C•••••••• I•••••• I••• | notes unsecured or subordinated S••••••••• N•••• | $1.9M | $1.2M 74c | 16.70% |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| unsecured or subordinated notes unsecured or subordinated exited Jun 30, 2024 | at least $12.6M | 74c | 16.70% | unstated | 2 |
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, 2024 | 2 | $12.6M | $7.7M | 74c | 0 |
| Mar 31, 2024 | 2 | $12.6M | $7.9M | 76c | 0 |
| Dec 31, 2023 | 2 | $12.6M | $8.2M | 79c | 0 |
| Sep 30, 2023 | 2 | $12.6M | $8.4M | 81c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 2 | $12.6M | $8.3M | 80c | 0 |
| Mar 31, 2023 | 2 | $12.6M | $9.2M | 90c | 0 |
| Dec 31, 2022 | 2 | $12.6M | $10.1M | 103c | 0 |
| Sep 30, 2022 | 1 | $10.7M | $9.0M | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Marked down across lendersJun 30, 2023
- Marked down (one lender)Jun 30, 2023
- Marked down (one lender)Jun 30, 2023
- Marked down across lendersMar 31, 2023
Full timeline · 8 eventsShow fewer
- Marked down (one lender)Mar 31, 2023
- Marked down (one lender)Mar 31, 2023
- New borrower on a BDC scheduleSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- APEX CREDIT CLO 2022 1Aderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Structured finance (CLO)reportedas one filer wrote it