DFX Intelligence
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Borrower
P• • L• D••••••••• L••
group grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Also written as: Fixed Rate; Pharmaceuticals
Nothing material in the last 200 days. Last change: 30 Sep 2023, Consensus mark 73¢ on cost, down from 75¢ a year ago, 81¢ last quarter.
Mark path, consensus per quarter end
75¢ · 81¢ · 78¢ · 81¢ · 73¢Q3 2022 to Q3 2023
Principal held
at least $4.5M
sum of BDC pieces, a lower bound
Fair value
$3.3M
73c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Nov 15, 2025
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Sep 30, 2023
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | $4.52M | 73¢ | -8 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | notes lien unstated B••• | $4.5M | $3.3M 73c | 7.75% |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| notes lien unstated exited Sep 30, 2023 | at least $4.5M | 73c | 7.75% | Nov 15, 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, 2023 | 1 | $4.5M | $3.3M | 73c | 0 |
| Jun 30, 2023 | 1 | $7.5M | $6.1M | 81c | 0 |
| Mar 31, 2023 | 1 | $7.5M | $5.9M | 78c | 0 |
| Dec 31, 2022 | 1 | $7.8M | $6.3M | 81c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2022 | 1 | $15.6M | $11.7M | 75c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Marked down across lendersSep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Mark recoveredDec 31, 2022
- New borrower on a BDC scheduleSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- P AND L DEVELOPMENTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived