DFX Intelligence
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Borrower
C••••••••• S••••••• • S•••••••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Also written as: Waste Resource Management Inc
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $5.6M
sum of BDC pieces, a lower bound
Fair value
$5.5M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Dec 28, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Dec 31, 2023
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F•••• E•••• P•••••• C••••• F••• | $5.63M | 100¢ | new this quarter |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• E•••• P•••••• C••••• F••• | term loan first lien F•••• L••• D••• R•••••••• R••• and S••••• S + 5.75%, I••••••• R••• F•••• 1.00%, I••••••• R | $5.6M | $5.5M 100c | S+575 bp |
| F•••• E•••• P•••••• C••••• F••• | revolver first lien F•••• L••• D••• R•••••••), R••••• United S•••••, R•••••••• R••• and S••••• S + 5.75%, I••• | Not disclosed | -$12,000 100c | S+575 bp |
| F•••• E•••• P•••••• C••••• F••• | revolver first lien F•••• L••• D••• R•••••••), R••••• United S•••••, R•••••••• R••• and S••••• S + 5.75%, I••• | Not disclosed | -$12,000 100c | S+575 bp |
| F•••• E•••• P•••••• C••••• F••• | delayed draw term loan first lien F•••• L••• D••• D•••••• D•••), R••••• United S•••••, R•••••••• R••• and S••••• S + 5.75%, | Not disclosed | -$31,000 310c | S+575 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2023 | at least $5.6M | 100c | S+575 bp | Dec 28, 2029 | 1 |
| first lien revolver first lien exited Dec 31, 2023 | unknown | n/a | S+575 bp | Dec 28, 2029 | 1 |
| first lien delayed draw term loan first lien exited Dec 31, 2023 | unknown | n/a | S+575 bp | Dec 28, 2029 | 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, 2023 | 1 | $5.6M | $5.5M | 100c | 0 |
What changed
- New borrower on a BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- COMMERCIAL SERVICES AND SUPPLIESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived