DFX Intelligence
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Borrower
F•••••• M••••• T••••••••• L••
M••••• Transportationgroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: Net Assets
Nothing material in the last 200 days. Last change: 30 Jun 2024, Consensus mark 105¢ on cost, up from 101¢ a year ago, 102¢ last quarter.
Mark path, consensus per quarter end
101¢ · 101¢ · 102¢ · 102¢ · 105¢Q2 2023 to Q2 2024
Where each lender marks it on the term loan, 0 points apart
105¢105¢
Principal held
at least $38.4M
sum of BDC pieces, a lower bound
Fair value
$39.7M
105c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
1 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
5
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 |
|---|---|---|---|
| T•• D••••• L•••••• V••• L•• | $31.1M | 105¢ | +3 pts |
| T•• S••• D••••• L•••••• L•• | $7.33M | 105¢ | +3 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T•• D••••• L•••••• V••• L•• | term loan lien unstated A••••••••• D••• 03/17/23 T••• L••• B - 12.96% (S••• + 7.50%, 2.00% F••••) Net Assets 5.9% | $31.1M | $32.1M 105c | S+750 bp |
| T•• S••• D••••• L•••••• L•• | term loan lien unstated A••••••••• D••• - 03/17/2023 Investment T••• L••• B - 12.96% (S••• + 7.50%, 2.00% F••••) % | $7.3M | $7.6M 105c | S+750 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
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 | $38.4M | $39.7M | 105c | 0 |
| Mar 31, 2024 | 2 | $42.1M | $42.2M | 102c | 0 |
| Dec 31, 2023 | 2 | $48.4M | $48.0M | 102c | 0 |
| Sep 30, 2023 | 2 | $52.3M | $51.7M | 101c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 2 | $43.4M | $10B | 101c | 0 |
| Mar 31, 2023 | 2 | $48B | $46B | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)Jun 30, 2023
- Spread increasedJun 30, 2023
Full timeline · 6 eventsShow fewer
- 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••••• T•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- M••••• Transportationreportedas one filer wrote it