DFX Intelligence
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Borrower
N••••••••• I••••••••• C•••••••••
group grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2022, Consensus mark 92¢ on cost, down from 99¢ in Q4 2021, 92¢ last quarter.
Mark path, consensus per quarter end
99¢ · 92¢ · 92¢Q4 2021 to Q4 2022
Where each lender marks it on the first lien term loan, 0 points apart
92¢92¢
Principal held
at least $246M
sum of BDC pieces, a lower bound
Fair value
$224M
92c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Sep 1, 2025
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2022
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••• O•• C•••••• C••• | $200M | 92¢ | 0 pts |
| B••• O•• C•••••• C••• I• | $34.7M | 92¢ | new this quarter |
| B••• O•• C•••••• C••• I•• | $10.8M | 92¢ | new this quarter |
Every BDC piece · 6 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $187M | $170M 92c | S+700 bp |
| B••• O•• C•••••• C••• I• | term loan first lien F•••• lien senior secured loan | $32.3M | $29.4M 92c | S+700 bp |
| B••• O•• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | $13.6M | $12.4M 92c | S+700 bp |
| B••• O•• C•••••• C••• I•• | term loan first lien F•••• lien senior secured loan | $10.1M | $9.2M 92c | S+700 bp |
| B••• O•• C•••••• C••• I• | revolver first lien F•••• lien senior secured revolving loan | $2.4M | $2.1M 92c | S+700 bp |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• C•••••• C••• I•• | revolver first lien F•••• lien senior secured revolving loan | $735,000 | $669,000 92c | S+700 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2022 | at least $229M | 92c | S+700 bp | Sep 1, 2026 | 3 |
| first lien revolver first lien exited Dec 31, 2022 | at least $16.7M | 92c | S+700 bp | Sep 1, 2025 | 3 |
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, 2022 | 3 | $246M | $224M | 92c | 0 |
| Sep 30, 2022 | 1 | $202M | $183M | 92c | 0 |
| Dec 31, 2021 | 1 | $225M | $221M | 99c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2022
- New lender joined a facilityDec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
Full timeline · 11 eventsShow fewer
- New lender joined a facilityDec 31, 2022
- Marked down across lendersSep 30, 2022
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- Marked down (one lender)Sep 30, 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
- NUTRACEUTICALderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived