DFX Intelligence
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Borrower
A•••• C••••••••• M•••••••• L••
Diversified Financial Servicesgroup grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2023, $42.6M principal held by 2 lenders; matures Aug 2028.
Mark path, consensus per quarter end
102¢ · 102¢Q4 2022 to Q3 2023
Principal held
at least $42.6M
sum of BDC pieces, a lower bound
Fair value
$42.6M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Aug 21, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2023
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| S•• I••••••••• C•••• | $29.9M | 102¢ | 0 pts |
| S•• P•••••• C••••• I••••• B•• L•• | $12.7M | 102¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•• I••••••••• C•••• | term loan second lien 132.0% | S••••• L••• A••••••••• S••••• S•••••• L•••• | 12/24/2021 | 8/21/2028 | $29.9M | $29.9M 102c | S+705 bp |
| S•• P•••••• C••••• I••••• B•• L•• | term loan first lien B••• D•••/S••••• S•••••• L•••• | 1.00 | 12.49 | 12/24/2021 | 8/21/2028 | $12.7M | $12.7M 102c | S+705 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Sep 30, 2023 | at least $29.9M | 102c | S+705 bp | Aug 21, 2028 | 1 |
| first lien term loan first lien exited Sep 30, 2023 | at least $12.7M | 102c | S+705 bp | Aug 21, 2028 | 1 |
| other lien unstated exited Dec 31, 2022 | at least $12.7M | 102c | S+705 bp | Aug 21, 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 |
|---|---|---|---|---|---|
| Sep 30, 2023 | 2 | $42.6M | $42.6M | 102c | 0 |
| Dec 31, 2022 | 2 | $85.2M | $85.2M | 102c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Facility left every BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleDec 31, 2022
- Facility left every 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
- A•••• C••••••••• M•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Diversified Financial Servicesreportedas one filer wrote it