DFX Intelligence
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Borrower
M• A•••••••• H••••••• I• C•••
Nothing material in the last 200 days. Last change: 30 Jun 2023, Consensus mark 101¢ on cost, up from 91¢ a year ago, 96¢ last quarter.
Mark path, consensus per quarter end
91¢ · 96¢ · 93¢ · 96¢ · 101¢Q4 2021 to Q2 2023
Principal held
at least $107M
sum of BDC pieces, a lower bound
Fair value
$107M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jan 1, 2025
$15.2M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2023
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••• C•••••• C••• | $107M | 101¢ | +5 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan second lien S••••• lien senior secured loan 1 | $68.4M | $68.4M 100c | S+850 bp |
| A••• C•••••• C••• | term loan second lien S••••• lien senior secured loan 2 | $23.6M | $23.6M 100c | S+850 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $15.2M | $15.2M 105c | S+350 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Jun 30, 2023 | at least $92.0M | 100c | S+850 bp | Jan 1, 2026 | 1 |
| first lien term loan first lien exited Jun 30, 2023 | at least $15.2M | 105c | S+350 bp | Jan 1, 2025 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 1 | $107M | $107M | 101c | 0 |
| Mar 31, 2023 | 1 | $107M | $102M | 96c | 0 |
| Dec 31, 2022 | 1 | $175M | $162M | 93c | 0 |
| Sep 30, 2022 | 1 | $104M | $99.5M | 96c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1 | $104M | $93.8M | 91c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Mark recoveredJun 30, 2023
- Mark recoveredSep 30, 2022
Sponsor
- A•••••••• C•••••• P•••••••
- the sponsor's own portfolio page lists a company of this nameestimatedarlingtoncap.com"••• Locked"
Identity
- Group key
- MB AEROSPACEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived