DFX Intelligence
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Borrower
B••••••• T••••••••• L••
Diversified Financial Servicesgroup grade Aoff every schedule since Sep 30, 2023sponsor L••• R•••• E••••• P••••••• inferred
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 101¢Q4 2022 to Q3 2023
Where each lender marks it on the first lien term loan, 0 points apart
101¢101¢
Principal held
at least $51.3M
sum of BDC pieces, a lower bound
Fair value
$50.1M
101c 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
Jan 8, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2023
Events
3
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 |
|---|---|---|---|
| G•••••• S•••• B••• I••• | $27.6M | 101¢ | no comparable mark |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | $23.7M | 101¢ | no comparable mark |
Every BDC piece · 6 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• D••••••••• Financial Services I••••••• R••• 11.89% R | $25.5M | $25.5M 101c | S+650 bp |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• D••••••••• Financial Services I••••••• R••• 11.89% R | $23.7M | $23.7M 101c | S+650 bp |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• D••••••••• Financial Services R•••••••• R••• and S•• | $1.1M | Not disclosed n/a | S+650 bp |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• D••••••••• Financial Services I••••••• R••• 11.43% R | $962,000 | $895,000 94c | S+600 bp |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• D••••••••• Financial Services R•••••••• R••• and S•• | $38,000 | -$3,000 300c | S+600 bp |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• D••••••••• Financial Services R•••••••• R••• and S•• | Not disclosed | Not disclosed n/a | S+650 bp |
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 $51.3M | 101c | S+650 bp | Jan 25, 2028 | 2 |
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 | 2 | $51.3M | $50.1M | 101c | 0 |
| Jun 30, 2023 | 2 | $51.3M | $0 | n/a | 0 |
| Mar 31, 2023 | 2 | $26.7M | $0 | n/a | 0 |
| Dec 31, 2022 | 2 | $101M | $97.8M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
- L••• R•••• E••••• P•••••••
- the sponsor's own portfolio page lists a company of this nameestimatedlong-ridge.com"••• Locked"
Identity
- Group key
- B••••••• T•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Diversified Financial Servicesreportedas one filer wrote it