DFX Intelligence
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Borrower
N•••••••• I••
Healthcare Technologygroup grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2023, $11.4M principal held by 2 lenders; matures Oct 2026.
Mark path, consensus per quarter end
98¢ · 99¢ · 99¢ · 100¢ · 100¢Q4 2022 to Q4 2023
Principal held
at least $11.4M
sum of BDC pieces, a lower bound
Fair value
$11.5M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Oct 22, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2022
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 |
|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• | $6.86M | 100¢ | 0 pts |
| P••••• S••••• C•••••• B•• I••• | $4.58M | 100¢ | new this quarter |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• | unstated lien unstated | $6.9M | $6.9M 100c | S+400 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien F•••• L••• S••••• S•••••• I••••••• H••••••••• T••••••••• I••••••• R••• 9.47% (S + CSA + 4. | $4.6M | $4.6M 100c | S+400 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2023 | at least $6.9M | 100c | S+400 bp | unstated | 1 |
| first lien term loan first lien exited Dec 31, 2023 | at least $4.6M | 100c | S+400 bp | Oct 22, 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 |
|---|---|---|---|---|---|
| Dec 31, 2023 | 2 | $11.4M | $11.5M | 100c | 0 |
| Sep 30, 2023 | 1 | $6.9M | $6.9M | 100c | 0 |
| Jun 30, 2023 | 1 | $6.9M | $6.9M | 99c | 0 |
| Mar 31, 2023 | 1 | $6.9M | $6.9M | 99c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $6.9M | $6.8M | 98c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- NAVICUREderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Healthcare Technologyreportedas one filer wrote it