DFX Intelligence
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Borrower
U•••••••• F•••••••• P••
group grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Also written as: Beverage & Food
Nothing material in the last 200 days. Last change: 31 Dec 2022, Consensus mark 101¢ on cost, down from 108¢ in Q4 2021.
Mark path, consensus per quarter end
108¢ · 101¢Q4 2021 to Q4 2022
Where each lender marks it on the first lien term loan, 0 points apart
101¢101¢
Principal held
at least $32.8M
sum of BDC pieces, a lower bound
Fair value
$40.9M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Sep 15, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2022
Events
3
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 |
|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | $21.9M | 101¢ | new this quarter |
| C•••••• S•••••• L••••••• I••• | $10.9M | 101¢ | -7 pts |
Every BDC piece · 10 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | term loan first lien F•••• L••• | $18.5M | $20.0M 101c | S+750 bp PIK 1.00% |
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• | $4.6M | $5.0M 101c | S+750 bp PIK 1.00% |
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• D••• | $4.6M | $5.0M 101c | S+750 bp PIK 1.00% |
| C•••••• C••••• S••••••••• I••• | term loan first lien F•••• L••• | $3.4M | $3.9M 101c | S+1100 bp PIK 100.00% |
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• D••• | $843,000 | $961,000 101c | S+1100 bp PIK 100.00% |
View all 10 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• | $843,000 | $961,000 101c | S+1100 bp PIK 100.00% |
| C•••••• C••••• S••••••••• I••• | unstated lien unstated | Not disclosed | $1.2M 231c | |
| C•••••• C••••• S••••••••• I••• | unstated lien unstated | Not disclosed | $2.8M 132c | |
| C•••••• S•••••• L••••••• I••• | unstated lien unstated | Not disclosed | $702,000 132c | |
| C•••••• S•••••• L••••••• I••• | unstated lien unstated | Not disclosed | $306,000 230c |
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 $32.8M | 101c | S+1100 bp PIK 100.00% | Sep 15, 2026 | 2 |
Equity pieces beside the debt: other ($5.1M fair value, 2 BDCs)
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 | 2 | $32.8M | $35.8M | 101c | 6 |
| Dec 31, 2021 | 1 | $5.4M | $6.2M | 108c | 2 |
What changed
- Spread changed (observed)Dec 31, 2022
- 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
- U•••••••• F••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived