DFX Intelligence
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Borrower
N•••••• F••••• L••
Food Productsgroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Also written as: Nonnis F•••• LLC
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
99¢ · 100¢ · 100¢ · 100¢ · 100¢Q4 2023 to Q3 2024
Where each lender marks it, 1 points apart
100¢101¢
Principal held
at least $7.1M
sum of BDC pieces, a lower bound
Fair value
$7.1M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jun 1, 2026
$7.1M inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $6.84M | 100¢ | new this quarter |
| A•••••• S•••••••• C••••• F••• | $249K | 101¢ | new this quarter |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | unstated lien unstated | $6.8M | $6.8M 100c | S+575 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 5.75% I••••••• R••• F•••• 1. | $249,000 | $249,000 101c | S+575 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Sep 30, 2024 | at least $6.8M | 100c | S+575 bp | Jun 1, 2026 | 2 |
| first lien term loan first lien exited Sep 30, 2024 | at least $249,000 | 101c | S+575 bp | Jun 1, 2026 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 2 | $7.1M | $7.1M | 100c | 0 |
| Jul 31, 2024 | 1 | $2.3M | $2.3M | 100c | 0 |
| Jun 30, 2024 | 2 | $7.1M | $7.1M | 100c | 0 |
| Mar 31, 2024 | 2 | $7.1M | $7.1M | 100c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $6.9M | $6.8M | 99c | 0 |
| Sep 30, 2023 | 1 | $6.9M | $6.8M | 99c | 0 |
| Jun 30, 2023 | 1 | $6.9M | $6.8M | 99c | 0 |
| Mar 31, 2023 | 1 | $6.9M | $6.9M | 99c | 0 |
| Dec 31, 2022 | 1 | $7.0M | $6.9M | 99c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Lender left a facilitySep 30, 2024
- Spread changed (observed)Sep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Spread increasedSep 30, 2024
Full timeline · 11 eventsShow fewer
- Spread increasedSep 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Dec 31, 2023
- Spread increasedMar 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- NONNI S FOODSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived
- Industry
- Food Productsreportedas one filer wrote it