DFX Intelligence
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Borrower
L••••• B••••• I••
group grade Boff every schedule since Dec 31, 2021sponsor unattributed
Also written as: L••••• Parent LLC
Nothing material in the last 200 days. Last change: 31 Dec 2021, $94.9M principal held by 1 lender; matures Mar 2027.
Principal held
at least $94.9M
sum of BDC pieces, a lower bound
Fair value
$101M
100c on cost, debt pieces
Unfunded
$7.5M
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
2 equity pieces beside them
Next maturity
Mar 1, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2021
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2021, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••• C•••••• C••• | $94.9M | 100¢ | new this quarter |
Every BDC piece · 5 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $51.2M | $51.2M 100c | S+575 bp PIK 6.75% |
| A••• C•••••• C••• | term loan second lien S••••• lien senior secured loan | $40.1M | $40.1M 100c | S+1075 bp PIK 11.75% |
| A••• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | $3.6M | $3.6M 100c | S+575 bp |
| A••• C•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| A••• C•••••• C••• | equity equity C••••• units | Not disclosed | $6.2M 132c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2021
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2021 | at least $51.2M | 100c | S+575 bp PIK 6.75% | Mar 1, 2027 | 1 |
| second lien term loan second lien exited Dec 31, 2021 | at least $40.1M | 100c | S+1075 bp PIK 11.75% | Sep 1, 2027 | 1 |
| first lien revolver first lien exited Dec 31, 2021 | at least $3.6M | 100c | S+575 bp | Mar 1, 2027 | 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, 2021 | 1 | $94.9M | $94.9M | 100c | 2 |
What changed
- Facility left every BDC scheduleDec 31, 2021
- Facility left every BDC scheduleDec 31, 2021
- Facility left every 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
- LAKERSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived