DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
J•• E•••••••• • T•••• L••
group grade Aoff every schedule since Sep 30, 2022sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2022, Consensus mark 95¢ on cost, down from 101¢ in Q3 2021.
Mark path, consensus per quarter end
101¢ · 95¢Q3 2021 to Q3 2022
Where each lender marks it on the first lien term loan, 0 points apart
95¢95¢
Principal held
at least $60.6M
sum of BDC pieces, a lower bound
Fair value
$61.8M
95c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Nov 1, 2024
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Sep 30, 2022
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••• C•••••• B••• I••• | $48.4M | 95¢ | -6 pts |
| G•••• C•••••• B•• 3• I••• | $12.2M | 96¢ | new this quarter |
Every BDC piece · 22 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | $16.8M | $16.4M 92c | S+575 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | $12.1M | $11.8M 97c | S+575 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 3 | $5.3M | $5.2M 99c | S+600 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 4 | $4.9M | $4.8M 94c | S+600 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 5 | $4.2M | $4.1M 97c | S+575 bp |
View all 22 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 1 | $3.9M | $3.9M 93c | S+575 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 2 | $3.3M | $3.2M 98c | S+575 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 9 | $2.1M | $2.1M 92c | S+600 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 6 | $1.6M | $1.5M 98c | S+575 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 3 | $1.3M | $1.3M 99c | S+600 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 4 | $1.2M | $1.2M 94c | S+600 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 10 | $1.0M | $1.0M 101c | S+650 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 5 | $1.0M | $986,000 98c | S+575 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 6 | $536,000 | $526,000 92c | S+600 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 7 | $389,000 | $379,000 98c | S+575 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 7 | $310,000 | $302,000 97c | S+575 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 8 | $262,000 | $259,000 101c | S+650 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 9 | $197,000 | $192,000 97c | S+575 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 8 | $39,000 | $38,000 88c | S+475 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 10 | $25,000 | $24,000 89c | S+475 bp |
| G•••• C•••••• B•• 3• I••• | unstated lien unstated LLC interest | Not disclosed | $497,000 287c | |
| G•••• C•••••• B••• I••• | unstated lien unstated LLC interest | Not disclosed | $2.1M 219c |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2022 | at least $60.6M | 95c | S+650 bp | Nov 1, 2024 | 2 |
| other lien unstated exited Sep 30, 2022 | unknown | 230c | unstated | 2 |
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, 2022 | 2 | $60.6M | $59.3M | 95c | 0 |
| Sep 30, 2021 | 1 | $41.3M | $45.0M | 105c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2022
- Spread changed (observed)Sep 30, 2022
- Marked down (one lender)Sep 30, 2022
- Spread increasedSep 30, 2022
- Facility left every BDC scheduleSep 30, 2022
Full timeline · 6 eventsShow fewer
- New borrower on a BDC scheduleSep 30, 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
- JET EQUIPMENT AND TOOLSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived