DFX Intelligence
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Borrower
A••••••• S••••••• C•••
group grade Aoff every schedule since Jun 30, 2023sponsor unattributed
Also written as: Services; S•••••••; S•••••••/Services
Nothing material in the last 200 days. Last change: 30 Jun 2023, $64.3M principal held by 2 lenders; matures Jul 2027.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 101¢Q4 2021 to Q2 2023
Principal held
at least $64.3M
sum of BDC pieces, a lower bound
Fair value
$64.3M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jul 1, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2023
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F••••••• B•• L•••••• C••• | $44.9M | 101¢ | +1 pts |
| F••••••• B•• C•••••• C••• | $19.4M | 101¢ | +1 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F••••••• B•• L•••••• C••• | unstated lien unstated | $44.9M | $44.9M 101c | S+600 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $19.4M | $19.4M 101c | S+600 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Jun 30, 2023 | at least $64.3M | 101c | S+600 bp | Jul 1, 2027 | 2 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 2 | $64.3M | $64.3M | 101c | 0 |
| Mar 31, 2023 | 2 | $64.4M | $63.5M | 100c | 0 |
| Dec 31, 2022 | 2 | $84.1M | $82.8M | 100c | 0 |
| Dec 31, 2021 | 2 | $66.5M | $65.3M | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2023
- 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
- A••••••• S•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived