DFX Intelligence
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Borrower
I•••••• B••••• H•••••••• I••
Nothing material in the last 200 days. Last change: 31 Mar 2023, Consensus mark 40¢ on cost, down from 95¢ in Q4 2021, 68¢ last quarter.
Mark path, consensus per quarter end
95¢ · 69¢ · 68¢ · 40¢Q4 2021 to Q1 2023
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
Not disclosed
n/a on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
0 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Feb 29, 2024
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $73.5M | 40¢ | -28 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $73.5M | $29.2M 40c | S+500 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Mar 31, 2023 | at least $73.5M | 40c | S+500 bp | Apr 12, 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, 2023 | 1 | $73.5M | $29.2M | 40c | 0 |
| Dec 31, 2022 | 1 | $150M | $101M | 68c | 0 |
| Sep 30, 2022 | 1 | $76.6M | $52.6M | 69c | 0 |
| Dec 31, 2021 | 1 | $164M | $154M | 95c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Marked down (one lender)Sep 30, 2022
Sponsor
Possible relationship, not established: C•••••• C••••••, because a company of this name is on the sponsor's portfolio page (confidence 0.6). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- C•••••• C••••••
- the sponsor's own portfolio page lists a company of this nameestimatedcornellcapllc.com"••• Locked"
Identity
- Group key
- INSTANT BRANDSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived