DFX Intelligence
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Borrower
Q•••••••• H•••••••• L••
Commercial Services & Suppliesgroup grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $21.4M
sum of BDC pieces, a lower bound
Fair value
Not disclosed
n/a on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Aug 31, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2023
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••••• S•••• B••• I••• | $17M | no cost filed | no comparable mark |
| G•••••• S•••• M••••• M••••• L•••••• C•••• I• | $4.38M | no cost filed | no comparable mark |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | $15.5K | no cost filed | no comparable mark |
Every BDC piece · 9 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• Services & S••••••• I••••••• R••• 10.32% | $11.3M | Not disclosed | S+550 bp |
| G•••••• S•••• M••••• M••••• L•••••• C•••• I• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• Services & S••••••• I••••••• R••• 10.32% | $2.9M | Not disclosed | S+550 bp |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• Services & S••••••• I••••••• R••• 10.26% | $2.9M | Not disclosed | S+550 bp |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• Services & S••••••• I••••••• R••• 12.50% | $2.8M | Not disclosed | S+450 bp |
| G•••••• S•••• M••••• M••••• L•••••• C•••• I• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• Services & S••••••• I••••••• R••• 10.26% | $736,000 | Not disclosed | S+550 bp |
View all 9 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• M••••• M••••• L•••••• C•••• I• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• Services & S••••••• I••••••• R••• 12.50% | $733,000 | Not disclosed | S+450 bp |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• Services & S••••••• I••••••• R••• 10.32% | $10,318 | Not disclosed | S+550 bp |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• Services & S••••••• I••••••• R••• 10.26% | $2,613 | Not disclosed | S+550 bp |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• Services & S••••••• I••••••• R••• 12.50% | $2,602 | Not disclosed | S+450 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2023 | at least $21.4M | n/a | S+550 bp | Aug 31, 2026 | 3 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 3 | $21.4M | $0 | n/a | 0 |
| Dec 31, 2022 | 3 | $37.0M | $28.9M | 99c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- New borrower on a 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
- QUALAWASHderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Commercial Services & Suppliesreportedas one filer wrote it