DFX Intelligence
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Borrower
V••••••• C•••
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 98¢ · 99¢ · 99¢Q4 2021 to Q2 2023
Principal held
at least $4.4M
sum of BDC pieces, a lower bound
Fair value
$4.4M
99c 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 1, 2025
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2023
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F••••••• B•• L•••••• C••• | $3.44M | 99¢ | 0 pts |
| A•••• C••••• B•• I••• | $1M | 100¢ | new this quarter |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F••••••• B•• L•••••• C••• | unstated lien unstated | $3.4M | $3.4M 99c | S+350 bp |
| A•••• C••••• B•• I••• | term loan second lien S••••• S•••••• I•••••• T••• L••• (S••••• L•••), Due 7/31/2026 | $1.0M | $995,000 100c | SOFR+675 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Jun 30, 2023 | at least $3.4M | 99c | S+350 bp | Aug 1, 2025 | 1 |
| first lien term loan first lien exited Dec 31, 2022 | at least $3.1M | 100c | //www.audaxcreditbdc.com/20231231#London Interbank Offered Rate+350 bp | Aug 1, 2025 | 1 |
| second lien term loan second lien exited Jun 30, 2023 | at least $1.0M | 100c | SOFR+675 bp | Jul 31, 2026 | 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, 2023 | 2 | $4.4M | $4.4M | 99c | 0 |
| Mar 31, 2023 | 1 | $3.4M | $3.4M | 99c | 0 |
| Dec 31, 2022 | 2 | $11.0M | $10.7M | 98c | 0 |
| Dec 31, 2021 | 1 | $3.5M | $3.5M | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
Possible relationship, not established: L•••••• G•••• • P•••••••• L•••, because a company of this name is on the sponsor's portfolio page (confidence 0.6). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- L•••••• G•••• • P•••••••• L•••
- the sponsor's own portfolio page lists a company of this nameestimatedleonardgreen.com"••• Locked"
Identity
- Group key
- VERITEXTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived