DFX Intelligence
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Borrower
A•••••• I••
Containers, Packaging & Glassgroup grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢Q4 2021 to Q4 2022
Where each lender marks it on the first lien term loan, 0 points apart
100¢100¢
Principal held
at least $49.0M
sum of BDC pieces, a lower bound
Fair value
$48.7M
100c on cost, debt pieces
Unfunded
$3.0M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Dec 19, 2025
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2022
Events
4
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••• | $25.3M | 100¢ | new this quarter |
| C•••••• S•••••• L••••••• I••• | $23.8M | 100¢ | 0 pts |
Every BDC piece · 7 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••• | $25.3M | $25.1M 100c | S+500 bp |
| C•••••• S•••••• L••••••• I••• | unstated lien unstated | $9.8M | $9.8M 100c | S+500 bp |
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• D••• | $9.8M | $9.8M 100c | S+500 bp |
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• D••• | $2.0M | $2.0M 100c | S+500 bp |
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• | $2.0M | $2.0M 100c | S+500 bp |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | revolver second lien F•••• and S••••• L••• R••••••• | Not disclosed | Not disclosed | |
| C•••••• S•••••• L••••••• I••• | revolver second lien F•••• and S••••• L••• D••• R••••••• | Not disclosed | Not disclosed |
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 $39.2M | 100c | S+500 bp | Dec 19, 2025 | 2 |
| other lien unstated exited Dec 31, 2022 | at least $9.8M | 100c | S+500 bp | Dec 19, 2025 | 1 |
| second lien revolver second lien exited Dec 31, 2022 | unknown | n/a | unstated | 2 |
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 | $49.0M | $48.7M | 100c | 0 |
| Sep 30, 2022 | 1 | $11.9M | $11.9M | 100c | 0 |
| Dec 31, 2021 | 1 | $21.8M | $21.8M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 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
- AIRNOVderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Containers, Packaging & Glassreportedas one filer wrote it