DFX Intelligence
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Borrower
R• D•••••••• • S••• C••••••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Also written as: 2028; 22; 3; 3/22/2028
Nothing material in the last 200 days. Last change: 31 Dec 2023, $12.8M principal held by 1 lender; matures Mar 2028.
Mark path, consensus per quarter end
102¢ · 100¢ · 100¢Q2 2023 to Q4 2023
Principal held
at least $12.8M
sum of BDC pieces, a lower bound
Fair value
$12.9M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Mar 22, 2028
no dated debt inside 24 months
On the tape since
Mar 31, 2023
latest Dec 31, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C••• I••••••••• C••• | $12.8M | 100¢ | 0 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••• I••••••••• C••• | unstated lien unstated M••••••• | $12.8M | $12.9M 100c | S+725 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2023 | at least $130M | 103c | S+725 bp | Mar 17, 2028 | 1 |
| other lien unstated exited Dec 31, 2023 | at least $12.8M | 100c | S+725 bp | Mar 22, 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 |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $12.8M | $12.9M | 100c | 0 |
| Sep 30, 2023 | 1 | $12.0M | $12.0M | 100c | 0 |
| Jun 30, 2023 | 2 | $143M | $142M | 102c | 0 |
| Mar 31, 2023 | 1 | $150M | $149M | n/a | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleJun 30, 2023
- New borrower on a BDC scheduleMar 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
- R DONNELLEY AND SONSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived