DFX Intelligence
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Borrower
S••• G•••••
Logisticsgroup grade Coff every schedule since Jun 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Jun 2024, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
101¢ · 100¢ · 99¢ · 91¢ · 29¢Q2 2023 to Q2 2024
Principal held
at least $16.5M
sum of BDC pieces, a lower bound
Fair value
$4.7M
29c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Dec 30, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2024
Events
11
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | $16.5M | 29¢ | -62 pts |
Every BDC piece · 6 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated | $5.9M | $381,000 7c | S+500 bp PIK 15.98% |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated D•••••• D•••) (I•••••••••) | $4.5M | $3.2M 72c | S+500 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated | $4.1M | $264,000 7c | S+500 bp PIK 15.98% |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated | $1.1M | $806,000 72c | S+500 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated D•••••• D•••) | $923,000 | $60,000 7c | S+500 bp PIK 15.98% |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | unstated lien unstated | Not disclosed | $0 0c |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| delayed draw term loan lien unstated exited Jun 30, 2024 | at least $16.5M | 29c | S+500 bp PIK 15.98% | Jun 30, 2027 | 1 |
| other lien unstated exited Jun 30, 2024 | unknown | 0c | unstated | 1 |
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, 2024 | 1 | $16.5M | $4.7M | 29c | 3 |
| Mar 31, 2024 | 1 | $16.5M | $15.0M | 91c | 3 |
| Dec 31, 2023 | 1 | $22.3M | $21.7M | 99c | 4 |
| Sep 30, 2023 | 1 | $16.4M | $16.3M | 100c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 1 | $15.5M | $12.6M | 101c | 0 |
| Mar 31, 2023 | 1 | $15.5M | $12.6M | 100c | 0 |
| Dec 31, 2022 | 1 | $15.5M | $11.9M | 101c | 0 |
What changed
- Marked down across lendersJun 30, 2024
- Placed on non-accrualJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- PIK interest increasedJun 30, 2024
Full timeline · 17 eventsShow fewer
- Marked down (one lender)Jun 30, 2024
- PIK interest increasedJun 30, 2024
- Marked down across lendersMar 31, 2024
- Spread changed (observed)Mar 31, 2024
- Marked down (one lender)Mar 31, 2024
- PIK interest appearsDec 31, 2023
- PIK interest appearsDec 31, 2023
- Spread changed (observed)Sep 30, 2023
- Mark recoveredMar 31, 2023
- Maturity extended (observed)Mar 31, 2023
- Spread increasedMar 31, 2023
- Maturity extended (observed)Mar 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- S••• G•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Logisticsreportedas one filer wrote it