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A private credit borrower in business services

Borrower · Business Services
group grade Aoff every schedule since Jun 30, 2024sponsor unattributed
No date on record · this record

Nothing material in the last 200 days. No dated change on record yet.

Principal held
at least $760,000
sum of BDC pieces, a lower bound
Fair value
$760,000
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Oct 2, 2025
$760,000 inside 24 months
On the tape since
Jun 30, 2024
latest Jun 30, 2024
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
LenderExposureCurrent markQoQ change
Franklin BSP Capital Corp$760K100¢new this quarter
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
Franklin BSP Capital Corpunstated lien unstated$760,000$760,000
100c
S+600 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
FacilityHeldOn costPricingMaturityBDCs
other lien unstated
exited Jun 30, 2024
at least $760,000100cS+600 bpOct 2, 20251
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20241$760,000$760,000100c0
What changed
  • New borrower on a BDC scheduleJun 30, 2024
  • Facility left every BDC scheduleJun 30, 2024
Every change including routine ones
Identity
Group key
MCS COEderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
Business Servicesreportedas one filer wrote it

Position history

2 field-level changes across filed schedules, latest first
  • Position exitedF••••••• B•• C•••••• C••• · from $760,000
    2024-09-30
  • New positionF••••••• B•• C•••••• C••• · at $760,000
    2024-06-30

Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.