DFX Intelligence
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Borrower
B•••• M••••• S••• I••
IT Services & IT Systemsgroup grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Also written as: Management B•••• M••••• S••• I••
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 101¢ · 100¢ · 101¢Q4 2023 to Q4 2024
Principal held
at least $13.0M
sum of BDC pieces, a lower bound
Fair value
$13.1M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jul 30, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2023
latest Dec 31, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| V•••• C••••• S•••••••• L•••••• C•••• | $13M | 101¢ | +1 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| V•••• C••••• S•••••••• L•••••• C•••• | unstated lien unstated | $6.5M | $6.6M 101c | SOFR+375 bp |
| V•••• C••••• S•••••••• L•••••• C•••• | term loan first lien F••••••••• D••• R•••••••• R••• and S••••• S••• + 3.75% I••••••• R••• 8.34% M••••••• D••• 7 | $6.5M | $6.6M 101c | SOFR+375 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2024 | at least $6.5M | 101c | SOFR+375 bp | Jul 30, 2031 | 1 |
| first lien term loan first lien exited Dec 31, 2024 | at least $6.5M | 101c | SOFR+375 bp | Jul 30, 2031 | 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, 2024 | 1 | $13.0M | $13.1M | 101c | 0 |
| Sep 30, 2024 | 1 | $6.5M | $6.5M | 100c | 0 |
| Jun 30, 2024 | 1 | $6.5M | $6.5M | 101c | 0 |
| Mar 31, 2024 | 2 | $5.0M | $5.0M | 101c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 2 | $5.0M | $5.1M | 101c | 0 |
| Sep 30, 2023 | 1 | $673,000 | $672,000 | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- New borrower on a 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
- BANFFderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived
- Industry
- IT Services & IT Systemsreportedas one filer wrote it