DFX Intelligence
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Borrower
L••••••••• S••••••• L••
Application Softwaregroup grade Aoff every schedule since Dec 31, 2022sponsor not established · possible relationship
Nothing material in the last 200 days. Last change: 31 Dec 2022, $37.9M principal held by 1 lender; matures Mar 2028.
Principal held
at least $37.9M
sum of BDC pieces, a lower bound
Fair value
$37.2M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Mar 1, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2022
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F••••••• P•••••• C••••• C• L•• | $37.9M | 100¢ | new this quarter |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F••••••• P•••••• C••••• C• L•• | term loan first lien F•••• L••• D••• T••• L•••, R•••••••• R••• and S••••• S••• + 6.00%, I••••••• R••• 10.82%, M | $19.0M | $18.6M 100c | S+600 bp |
| F••••••• P•••••• C••••• C• L•• | term loan first lien F•••• L••• D••• T••• L•••, R•••••••• R••• and S••••• S••• + 6.00%, I••••••• R••• 10.82%, M | $19.0M | $18.6M 100c | S+600 bp |
| F••••••• P•••••• C••••• C• L•• | delayed draw term loan first lien F•••• L••• D••• D•••••• D••• T••• L•••, M••••••• D••• 3/1/2028 | Not disclosed | -$106,707 | S+600 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2022 | at least $37.9M | 100c | S+600 bp | Mar 1, 2028 | 1 |
| first lien delayed draw term loan first lien exited Dec 31, 2022 | unknown | n/a | S+600 bp | Mar 1, 2028 | 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, 2022 | 1 | $37.9M | $37.2M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
Sponsor
Possible relationship, not established: G•••••• C••••••, because a company of this name is on the sponsor's portfolio page (confidence 0.65). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- G•••••• C••••••
- the sponsor's own portfolio page lists a company of this nameestimatedgencap.com"••• Locked"
Identity
- Group key
- L••••••••• S••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Application Softwarereportedas one filer wrote it