DFX Intelligence
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Borrower
L•••••• S•••• H••••••• U•• I••
Industrial Othergroup grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Also written as: Industrial Other
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q3 2022 to Q3 2023
Principal held
at least $37.5M
sum of BDC pieces, a lower bound
Fair value
$37.4M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Sep 30, 2022
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 |
|---|---|---|---|
| B•••••• B••• I••• | $20M | 100¢ | 0 pts |
| B•••••• C•••••• I••••••••• C••• | $10M | 100¢ | 0 pts |
| B•••••• P•••••• C••••• C••• | $7.5M | 100¢ | 0 pts |
Every BDC piece · 3 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | revolver lien unstated R••••••• | $20.0M | $20.0M 100c | S+450 bp |
| B•••••• C•••••• I••••••••• C••• | revolver lien unstated R••••••• | $10.0M | $10.0M 100c | S+450 bp |
| B•••••• P•••••• C••••• C••• | revolver lien unstated R••••••• | $7.5M | $7.5M 100c | S+450 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| revolver lien unstated exited Sep 30, 2023 | at least $37.5M | 100c | S+450 bp | unstated | 3 |
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 | 3 | $37.5M | $37.4M | 100c | 0 |
| Jun 30, 2023 | 3 | $37.5M | $37.4M | 100c | 0 |
| Mar 31, 2023 | 3 | $37.5M | $37.2M | 100c | 0 |
| Dec 31, 2022 | 3 | $37.5M | $37.2M | 100c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2022 | 1 | $20.0M | $19.8M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Spread changed (observed)Dec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New borrower on a BDC scheduleSep 30, 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
- LIBERTY STEELderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Industrial Otherreportedas one filer wrote it