DFX Intelligence
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Borrower
M•••••••• I••
group grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: 0% M•••••••• I••
Nothing material in the last 200 days. Last change: 30 Jun 2024, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
29¢ · 16¢ · 17¢Q2 2023 to Q4 2023
Principal held
at least $6.9M
sum of BDC pieces, a lower bound
Fair value
$0
n/a on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2024
Events
7
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 |
|---|---|---|---|
| A••• C•••••• C••• | $6.9M | no cost filed | no comparable mark |
| P••••••••• I••••••••• C••• | no principal filed | no cost filed | new this quarter |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $6.9M | $0 | |
| P••••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | $0 |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2023 | at least $16.7M | n/a | Apr 23, 2025 | 2 | |
| first lien term loan first lien exited Jun 30, 2024 | at least $6.9M | n/a | Apr 1, 2024 | 1 |
Equity pieces beside the debt: other ($0 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 |
|---|---|---|---|---|---|
| Jun 30, 2024 | 2 | $6.9M | $0 | n/a | 0 |
| Mar 31, 2024 | 1 | $6.9M | $0 | n/a | 0 |
| Dec 31, 2023 | 3 | $25.4M | $1.0M | 5c | 0 |
| Sep 30, 2023 | 3 | $42.0M | $900,000 | 3c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 3 | $24.2M | $1.7M | 9c | 0 |
| Mar 31, 2023 | 3 | $23.6M | $3.5M | 18c | 0 |
| Dec 31, 2022 | 1 | $8.7M | $3.9M | 67c | 0 |
| Sep 30, 2022 | 3 | $22.6M | $4.5M | 23c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleDec 31, 2023
- Marked down across lendersSep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down across lendersJun 30, 2023
Full timeline · 11 eventsShow fewer
- Marked down (one lender)Jun 30, 2023
- Marked down across lendersMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Marked down across lendersDec 31, 2022
- Marked down (one lender)Dec 31, 2022
- 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
- MAILSOUTHderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived