DFX Intelligence
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Borrower
L••••••• H•••••••• L••
Nothing material in the last 200 days. Last change: 31 Dec 2023, $10.7M principal held by 1 lender; matures Jul 2028.
Mark path, consensus per quarter end
100¢ · 100¢Q3 2023 to Q4 2023
Principal held
at least $10.7M
sum of BDC pieces, a lower bound
Fair value
$10.4M
100c 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
Jul 3, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2023
latest Dec 31, 2023
Events
2
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 |
|---|---|---|---|
| S••• M••••••• L•••• M••••••••• C•••••• C••• | $10.7M | 100¢ | 0 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S••• M••••••• L•••• M••••••••• C•••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• S••• S••••• 6.75% I••••••• R••• 12.08% Due 7/3/2028 | $5.4M | $5.2M 100c | S+675 bp |
| S••• M••••••• L•••• M••••••••• C•••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• L•••• S••••• 6.75% I••••••• R••• 12.08% Due 7/3/2028 | $5.4M | $5.2M 100c | S+675 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 $10.7M | 100c | S+675 bp | Jul 3, 2028 | 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 | $10.7M | $10.4M | 100c | 0 |
| Sep 30, 2023 | 1 | $5.4M | $5.2M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- New borrower on a BDC scheduleSep 30, 2023
Sponsor
Possible relationship, not established: R•••••• A••••••••• L••, because a company of this name is on the sponsor's portfolio page (confidence 0.6). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- R•••••• A••••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedrenovuscapital.com"••• Locked"
Identity
- Group key
- LOCKSTEPderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived