DFX Intelligence
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Borrower
G•• P••••• C•••••••••
Construction & Engineeringgroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
102¢ · 101¢ · 101¢ · 101¢ · 101¢Q3 2023 to Q3 2024
Where each lender marks it on the first lien term loan, 1 point apart
100¢101¢
Principal held
at least $52.6M
sum of BDC pieces, a lower bound
Fair value
$52.6M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
9
5 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Dec 19, 2025
$9.0M inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2024
Events
5
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 |
|---|---|---|---|
| N•• M••••••• G••••••• I• B••• L••••• | $21M | 101¢ | 0 pts |
| N•• S•• I• I••• | $14M | 101¢ | 0 pts |
| B•••••••• P•••••• C••••• F••• | $9.01M | 101¢ | 0 pts |
| N•• M••••••• G••••••• I• I••••• F•••• L••••• | $5.28M | 101¢ | 0 pts |
| N•• M••••••• F•••••• C••• | $3.29M | 100¢ | 0 pts |
Every BDC piece · 6 positions across 5 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•• M••••••• G••••••• I• B••• L••••• | term loan first lien F•••• L••• 1 | $17.7M | $17.7M 101c | S+525 bp |
| N•• S•• I• I••• | term loan first lien F•••• L••• | $14.0M | $14.0M 101c | S+525 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(Q) S••••• 5.35% T•••• C••••• 10.60% M••••••• 12/1 | $9.0M | $9.1M 101c | S+535 bp |
| N•• M••••••• G••••••• I• I••••• F•••• L••••• | term loan first lien F•••• L••• | $5.3M | $5.3M 101c | S+525 bp |
| N•• M••••••• F•••••• C••• | term loan first lien F•••• lien | $3.3M | $3.3M 100c | S+525 bp |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•• M••••••• G••••••• I• B••• L••••• | term loan first lien F•••• L••• 2 | $3.3M | $3.3M 100c | S+525 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 $52.6M | 101c | S+525 bp | Dec 1, 2028 | 5 |
| other lien unstated exited Dec 31, 2022 | at least $2.9M | 100c | S+525 bp | Dec 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 |
|---|---|---|---|---|---|
| Sep 30, 2024 | 5 | $52.6M | $52.6M | 101c | 0 |
| Jun 30, 2024 | 5 | $52.7M | $52.8M | 101c | 0 |
| Mar 31, 2024 | 4 | $40.3M | $40.3M | 101c | 0 |
| Dec 31, 2023 | 4 | $58.0M | $58.0M | 101c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 6 | $11.5M | $11.4M | 102c | 0 |
| Jun 30, 2023 | 6 | $11.5M | $11.4M | 104c | 0 |
| Mar 31, 2023 | 5 | $6.5M | $6.2M | 103c | 0 |
| Dec 31, 2022 | 1 | $5.8M | $5.7M | 100c | 0 |
| Dec 31, 2021 | 1 | $9.8M | $9.8M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- New lender joined a facilityDec 31, 2023
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
Full timeline · 13 eventsShow fewer
- New lender joined a facilityJun 30, 2023
- Returned to accrualJun 30, 2023
- New lender joined a facilityMar 31, 2023
- New lender joined a facilityMar 31, 2023
- New lender joined a facilityMar 31, 2023
- New lender joined a facilityMar 31, 2023
- Facility left every BDC scheduleDec 31, 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
- G•• P•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 9 BDCsderived
- Industry
- Construction & Engineeringreportedas one filer wrote it