DFX Intelligence
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Borrower
H••••••••• H•••••• G•••
Business Servicesgroup grade Aoff every schedule since Dec 31, 2023sponsor not established · possible relationship
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
102¢ · 105¢ · 108¢ · 106¢Q4 2022 to Q3 2023
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
$7.1M
112c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Nov 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2023
Events
2
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 |
|---|---|---|---|
| S•••• S••••• L•••••• P••••••• | no principal filed | 112¢ as filed, not counted | no comparable mark |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•••• S••••• L•••••• P••••••• | term loan first lien F••••••••• loan (EUR 3,150 par, due 11/2029) I•••••• A••••••••• D••• 11/14/2022 R•••••••• | Not disclosed | $3.5M 112c | S+650 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 Dec 31, 2023 | unknown | 112c | S+650 bp | Nov 1, 2029 | 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 | $0 | $3.5M | 112c | 0 |
| Sep 30, 2023 | 1 | $0 | $3.3M | 106c | 0 |
| Jun 30, 2023 | 1 | $0 | $3.4M | 108c | 0 |
| Mar 31, 2023 | 1 | $0 | $3.3M | 105c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $0 | $3.2M | 102c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
Possible relationship, not established: T• A•••••••••, because a company of this name is on the sponsor's portfolio page (confidence 0.45). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- T• A•••••••••
- the sponsor's own portfolio page lists a company of this nameestimatedta.com"••• Locked"
Identity
- Group key
- HORNETSECURITY #DEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Business Servicesreportedas one filer wrote it