DFX Intelligence
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Borrower
Z•• I••
Specialty Chemicalsgroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2024, $19.4M principal held by 1 lender; matures Oct 2028.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q3 2023 to Q3 2024
Principal held
at least $19.4M
sum of BDC pieces, a lower bound
Fair value
$19.4M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Oct 2, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Sep 30, 2024
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | $19.4M | 100¢ | 0 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• | $19.4M | $19.4M 100c | S+400 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Jun 30, 2023 | at least $123M | 70c | S+825 bp | Aug 11, 2025 | 4 |
| first lien term loan first lien exited Sep 30, 2024 | at least $19.4M | 100c | S+400 bp | Oct 2, 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, 2024 | 1 | $19.4M | $19.4M | 100c | 0 |
| Jun 30, 2024 | 1 | $19.5M | $19.5M | 100c | 0 |
| Mar 31, 2024 | 1 | $19.5M | $19.5M | 100c | 0 |
| Dec 31, 2023 | 1 | $19.6M | $19.6M | 100c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $39.2M | $39.0M | 100c | 0 |
| Jun 30, 2023 | 4 | $123M | $13.7M | 70c | 0 |
| Mar 31, 2023 | 3 | $72.6M | $13.7M | 70c | 0 |
| Dec 31, 2022 | 4 | $123M | $75.7M | 64c | 0 |
| Sep 30, 2022 | 1 | $39.2M | $32.3M | 83c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Facility left every BDC scheduleJun 30, 2023
- Mark recoveredMar 31, 2023
- Marked down across lendersDec 31, 2022
- New lender joined a facilityDec 31, 2022
Full timeline · 8 eventsShow fewer
- New lender joined a facilityDec 31, 2022
- Marked down (one lender)Dec 31, 2022
- New borrower on a BDC scheduleSep 30, 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
- ZEPderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Specialty Chemicalsreportedas one filer wrote it