DFX Intelligence
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Borrower
T•••••• T••••••••• I••
Softwaregroup grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
99¢ · 100¢ · 100¢ · 100¢Q4 2022 to Q3 2023
Principal held
at least $1.8M
sum of BDC pieces, a lower bound
Fair value
$1.8M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Feb 1, 2024
$1.8M inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2023
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| H••••••• C••••••• I••• | $1.84M | 100¢ | 0 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, M••••••• D••• F••••••• 2024, P•••• + 4.00%, F•••• rate 8.75%, PIK I••••••• | $1.8M | $1.8M 100c | S+400 bp PIK 2.00% |
| H••••••• C••••••• I••• | warrants equity W••••••, A••••••••• D••• 2/13/2020, C••••• S•••• | Not disclosed | $0 0c |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2023 | at least $1.8M | 100c | S+400 bp PIK 2.00% | Feb 1, 2024 | 1 |
Equity pieces beside the debt: warrants ($0 fair value, 1 BDC)
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, 2023 | 1 | $1.8M | $1.8M | 100c | 1 |
| Jun 30, 2023 | 1 | $2.7M | $2.7M | 100c | 1 |
| Mar 31, 2023 | 1 | $3.5M | $3.4M | 100c | 1 |
| Dec 31, 2022 | 1 | $4.3M | $4.4M | 99c | 1 |
What changed
- Facility left every BDC scheduleSep 30, 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
- TACT AI TECHNOLOGIESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Softwarereportedas one filer wrote it