DFX Intelligence
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Borrower
S••• C••••••••• M•• C•
group grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2023, $2.91M principal held by 1 lender; matures Jan 2027.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 101¢Q3 2022 to Q3 2023
Principal held
at least $2.9M
sum of BDC pieces, a lower bound
Fair value
$2.8M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jan 12, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• C•••••• C••• | $2.91M | 101¢ | +1 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L••••, One, due 1/12/2027 | $2.0M | $2.0M 101c | SOFR+685 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L••••, Two, due 1/12/2027 | $335,000 | $333,000 101c | SOFR+685 bp |
| M••••• C•••••• C••• | revolver first lien R•••••••), S••••• S•••••• L••••, due 1/12/2027 | $323,000 | $189,000 99c | SOFR+685 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L••••, T••••, due 1/12/2027 | $256,000 | $255,000 102c | SOFR+685 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2023 | at least $2.6M | 101c | SOFR+685 bp | Jan 12, 2027 | 1 |
| first lien revolver first lien exited Sep 30, 2023 | at least $323,000 | 99c | SOFR+685 bp | Jan 12, 2027 | 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, 2023 | 1 | $2.9M | $2.8M | 101c | 0 |
| Jun 30, 2023 | 1 | $2.9M | $2.7M | 100c | 0 |
| Mar 31, 2023 | 2 | $6.6M | $6.0M | 100c | 0 |
| Dec 31, 2022 | 2 | $6.6M | $5.9M | 100c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2022 | 1 | $2.7M | $2.4M | 100c | 0 |
| Dec 31, 2021 | 1 | $2.7M | $2.3M | 102c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Facility left every BDC scheduleSep 30, 2023
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- S••• C••••••••• M••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived