DFX Intelligence
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Borrower
P•••••• P•••••••• L••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Also written as: Household &; LLC First and
Nothing material in the last 200 days. Last change: 31 Dec 2023, $4.72M principal held by 1 lender; matures Oct 2028.
Principal held
at least $4.7M
sum of BDC pieces, a lower bound
Fair value
$3.9M
90c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Oct 2, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2023
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| K•••••• L•••• C•••••• C• | $4.72M | 90¢ | new this quarter |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| K•••••• L•••• C•••••• C• | term loan second lien S••••• L••• D••• O••••••• P••••••• D••• 10/18/2023 S••• S••••• 4.60% I••••••• R••• 9.99% D | $1.9M | $1.4M 87c | S+460 bp |
| K•••••• L•••• C•••••• C• | term loan second lien S••••• L••• D••• S••• S••••• 4.60% I••••••• R••• 9.99% Due 10/02/2028 | $1.9M | $1.4M 87c | S+460 bp |
| K•••••• L•••• C•••••• C• | term loan second lien S••••• L••• D••• S••• S••••• 5.00% I••••••• R••• 10.39% Due 10/02/2028 | $498,028 | $487,136 100c | S+500 bp |
| K•••••• L•••• C•••••• C• | term loan second lien S••••• L••• D••• O••••••• P••••••• D••• 10/18/2023 S••• S••••• 5.00% I••••••• R••• 10.39% | $498,028 | $487,136 100c | S+500 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2023 | at least $4.7M | 90c | S+500 bp | Oct 2, 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, 2023 | 1 | $4.7M | $3.9M | 90c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- 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
- P•••••• P••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived