DFX Intelligence
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Borrower
F•••••• M•••••
Shipping Security 1st Lien, Secured Loangroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: LA 70471; LLC 2360 5th Street Mendeville
Nothing material in the last 200 days. Last change: 30 Jun 2024, $5.79M principal held by 1 lender; matures Mar 2028.
Principal held
at least $5.8M
sum of BDC pieces, a lower bound
Fair value
$6.0M
106c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Mar 17, 2028
no dated debt inside 24 months
On the tape since
Mar 31, 2023
latest Jun 30, 2024
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••• E•• C•••••• C•••• | $5.79M | 106¢ | no comparable mark |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• S••••••• S••••••• 1st L•••, S•••••• L••• I••••••• R••• 3M S••• + 8.40%, 10.40% F• | $5.8M | $6.0M 106c | S+840 bp |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• S••••••• S••••••• 1st L•••, S•••••• L••• I••••••• R••• 3M S••• | Not disclosed | Not disclosed | S+840 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2024 | at least $5.8M | 106c | S+840 bp | Mar 17, 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 |
|---|---|---|---|---|---|
| Jun 30, 2024 | 1 | $5.8M | $6.0M | 106c | 0 |
| Mar 31, 2023 | 1 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- New borrower on a BDC scheduleMar 31, 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
- F•••••• M•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Shipping Security 1st Lien, Secured Loanreportedas one filer wrote it