DFX Intelligence
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Borrower
A•••••••• I••••••••• H••••••• L••
Internet & Catalog Retailgroup grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2022, $90.6M principal held by 2 lenders; matures Oct 2026.
Where each lender marks it on the first lien term loan, 0 points apart
97¢97¢
Principal held
at least $90.6M
sum of BDC pieces, a lower bound
Fair value
$86.0M
97c 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 15, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2022
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 |
|---|---|---|---|
| S•• I••••••••• C•••• | $48.2M | 97¢ | new this quarter |
| S•• P•••••• C••••• I••••• B•• L•• | $42.4M | 97¢ | new this quarter |
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•• I••••••••• C•••• | term loan first lien 124.6% | F•••• L••• B••• D•••/S••••• S•••••• L•••• | 7/28/2021 | 10/15/2026 | $24.1M | $22.9M 97c | S+800 bp |
| S•• I••••••••• C•••• | term loan first lien 124.6% | F•••• L••• B••• D•••/S••••• S•••••• L•••• | 7/28/2021 | 10/15/2026 | $24.1M | $22.9M 97c | S+800 bp |
| S•• P•••••• C••••• I••••• B•• L•• | unstated lien unstated I••••••• I••••••• & C•••••• R••••• S••••• above I•••• L+800 F•••• 1.00% I••••••• R••• 14.7 | $21.2M | $20.1M 97c | S+800 bp |
| S•• P•••••• C••••• I••••• B•• L•• | term loan first lien B••• D•••/S••••• S•••••• L•••• | 7/28/2021 | 10/15/2026 | $21.2M | $20.1M 97c | S+800 bp |
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 $69.4M | 97c | S+800 bp | Oct 15, 2026 | 2 |
| other lien unstated exited Dec 31, 2022 | at least $21.2M | 97c | S+800 bp | Oct 15, 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, 2022 | 2 | $90.6M | $86.0M | 97c | 0 |
What changed
- New borrower on a BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 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
- AMERIMARKderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Internet & Catalog Retailreportedas one filer wrote it