DFX Intelligence
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Borrower
A•• N••••••• C•••••••••
Communications Equipmentgroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2024, Consensus mark 98¢ on cost, down from 100¢ in Q2 2024.
Mark path, consensus per quarter end
100¢ · 98¢Q2 2024 to Q3 2024
Principal held
at least $190,000
sum of BDC pieces, a lower bound
Fair value
$186,000
98c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Sep 1, 2026
$190,000 inside 24 months
On the tape since
Jun 30, 2024
latest Sep 30, 2024
Events
3
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 |
|---|---|---|---|
| G•••••• S•••• B••• I••• | $190K | 98¢ | -2 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• R••• 10.82% R•••••••• R••• and S••••• S + 2.50% M••• | $190,000 | $186,000 98c | S+600 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $190,000 | 98c | S+600 bp | Sep 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 | 1 | $190,000 | $186,000 | 98c | 0 |
| Jun 30, 2024 | 1 | $4.6M | $3.6M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Sep 30, 2024
- New borrower on a BDC scheduleJun 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- ATX NETWORKS INDUSTRYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Communications Equipmentreportedas one filer wrote it