DFX Intelligence
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Borrower
F•••• I•••••••• P•••••• B•••• L••••••
group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 97¢ on cost, down from 102¢ a year ago, 97¢ last quarter.
Mark path, consensus per quarter end
102¢ · 108¢ · 94¢ · 97¢ · 97¢Q4 2022 to Q1 2024
Principal held
at least $32,000
sum of BDC pieces, a lower bound
Fair value
$35,000
n/a 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
Nov 26, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2024
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | $32K | 97¢ | 0 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | revolver first lien F•••• L••• S••••• S•••••• L••• - R••••••• E•••••• S••••• 5.50% I••••••• R••• 9.41% M•••••• | $32,000 | $35,000 97c | S+550 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien revolver first lien exited Mar 31, 2024 | at least $32,000 | n/a | S+550 bp | Nov 26, 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 |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $32,000 | $35,000 | 97c | 0 |
| Dec 31, 2023 | 1 | $64,000 | $70,000 | 97c | 0 |
| Sep 30, 2023 | 1 | $32,000 | $34,000 | 94c | 0 |
| Jun 30, 2023 | 1 | $6.4M | $8.2M | 108c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $5.2M | $6.3M | 102c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Marked down (one lender)Sep 30, 2023
- New borrower on a 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
- F••• INSURANCE PAISLEYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived