DFX Intelligence
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Borrower
M•••• B•••• P•• L••••••
group grade Boff every schedule since Dec 31, 2024sponsor unattributed
Also written as: Business Equipment & Services
Nothing material in the last 200 days. Last change: 31 Dec 2024, Consensus mark 80¢ on cost, down from 89¢ a year ago, 90¢ last quarter.
Mark path, consensus per quarter end
89¢ · 85¢ · 87¢ · 90¢ · 80¢Q4 2023 to Q4 2024
Principal held
at least $588,000
sum of BDC pieces, a lower bound
Fair value
$588,000
80c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2024
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••• P•••••• C••••• C••• | $588K | 80¢ | -10 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $294,000 | $294,000 80c | S+525 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $294,000 | $294,000 80c | S+525 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2024 | at least $588,000 | 80c | S+525 bp | unstated | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 1 | $588,000 | $588,000 | 80c | 0 |
| Sep 30, 2024 | 1 | $330,000 | $330,000 | 90c | 0 |
| Jun 30, 2024 | 1 | $381,000 | $381,000 | 87c | 0 |
| Mar 31, 2024 | 1 | $372,000 | $372,000 | 85c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $389,000 | $389,000 | 89c | 0 |
| Sep 30, 2023 | 1 | $368,000 | $368,000 | 84c | 0 |
| Jun 30, 2023 | 1 | $379,000 | $379,000 | 86c | 0 |
| Mar 31, 2023 | 1 | $382,000 | $382,000 | 87c | 0 |
| Dec 31, 2022 | 1 | $387,000 | $387,000 | 88c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- Marked down across lendersDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- New borrower on a BDC scheduleDec 31, 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
- METIS #UKderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived