DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
T••••• L•••• I••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2023, $103M principal held by 1 lender; matures Sep 2027.
Mark path, consensus per quarter end
97¢ · 100¢ · 100¢ · 100¢ · 100¢Q4 2022 to Q4 2023
Principal held
at least $103M
sum of BDC pieces, a lower bound
Fair value
$105M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Sep 1, 2027
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Dec 31, 2023
Events
4
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 |
|---|---|---|---|
| A••• C•••••• C••• | $103M | 100¢ | 0 pts |
Every BDC piece · 5 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 1 | $72.6M | $72.6M 100c | S+825 bp PIK 3.25% |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 2 | $21.1M | $21.1M 100c | S+825 bp PIK 3.25% |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 3 | $9.0M | $9.0M 100c | S+825 bp PIK 3.25% |
| A••• C•••••• C••• | preferred equity equity Series G-4 preferred stock | Not disclosed | $1.8M 100c | |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | Not disclosed | Not disclosed | S+825 bp PIK 3.25% |
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 | at least $103M | 100c | S+825 bp PIK 3.25% | Sep 1, 2027 | 1 |
Equity pieces beside the debt: preferred equity ($1.8M fair value, 1 BDC)
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 | $103M | $103M | 100c | 4 |
| Sep 30, 2023 | 1 | $93.1M | $93.1M | 100c | 2 |
| Jun 30, 2023 | 1 | $92.3M | $92.3M | 100c | 2 |
| Mar 31, 2023 | 1 | $71.4M | $71.4M | 100c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $71.4M | $69.6M | 97c | 0 |
| Sep 30, 2022 | 1 | $71.4M | $69.6M | 97c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- PIK interest appearsJun 30, 2023
- Spread changed (observed)Jun 30, 2023
- Spread increasedJun 30, 2023
- PIK interest appearsJun 30, 2023
Full timeline · 6 eventsShow fewer
- New borrower on a BDC scheduleSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- T••••• L•••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived