DFX Intelligence
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Borrower
e••••••••• F•••••••• S•••••••• I••
Banking, Finance, Insurance & Real Estategroup grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Also written as: e Commission Financial Services, Inc
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢Q3 2022 to Q3 2023
Principal held
at least $19.2M
sum of BDC pieces, a lower bound
Fair value
$9.2M
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
Oct 5, 2023
$19.2M 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 |
|---|---|---|---|
| P••••••••• F••••••• R••• C•••••• L••• | $19.2M | 100¢ | 0 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| P••••••••• F••••••• R••• C•••••• L••• | revolver first lien F•••• L••• S•••••• D••• R•••••••), M••••••• 10/05/2023, I••••••• B••••••, Finance, I•••••• | $5.0M | Not disclosed | S+510 bp |
| P••••••••• F••••••• R••• C•••••• L••• | revolver first lien F•••• L••• S•••••• D••• R•••••••), M••••••• 10/05/2023, I••••••• B••••••, Finance, I•••••• | $5.0M | Not disclosed | S+510 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• M••••••• 10/05/2023, I••••••• B••••••, Finance, I•••••••• & Real E | $4.6M | $4.6M 100c | S+510 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• M••••••• 10/05/2023, I••••••• B••••••, Finance, I•••••••• & Real E | $4.6M | $4.6M 100c | S+510 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien revolver first lien exited Sep 30, 2023 | at least $10.0M | n/a | S+510 bp | Oct 5, 2023 | 1 |
| first lien term loan first lien exited Sep 30, 2023 | at least $9.2M | 100c | S+510 bp | Oct 5, 2023 | 1 |
| revolver lien unstated exited Sep 30, 2022 | at least $2.5M | n/a | Oct 5, 2023 | 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 | $19.2M | $9.2M | 100c | 0 |
| Jun 30, 2023 | 1 | $9.9M | $4.9M | 100c | 0 |
| Mar 31, 2023 | 1 | $10.2M | $5.2M | 100c | 0 |
| Sep 30, 2022 | 1 | $21.7M | $16.7M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Facility left every BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2022
- Facility left every 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
- E••••••••• F•••••••• S•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 1 BDCderived
- Industry
- Banking, Finance, Insurance & Real Estatereportedas one filer wrote it