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
N•• T••••• P•••••• I••
group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, Non-accrual at 2 of 2 lenders on the latest schedules.
Mark path, consensus per quarter end
71¢ · 57¢ · 53¢ · 5¢ · 100¢Q1 2023 to Q1 2024
Principal held
at least $40.0M
sum of BDC pieces, a lower bound
Fair value
$1.2M
2c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jan 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
8
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N•• M••••••• F•••••• C••• | $26.8M | 100¢ | +95 pts |
| N•• M••••••• G••••••• I•• B••• L••••• | $13.2M | 1¢ as filed, not counted | no comparable mark |
Every BDC piece · 6 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•• M••••••• F•••••• C••• | term loan second lien S••••• lien 1 | $26.8M | $335,000 1c | 14.69% PIK 9.25% |
| N•• M••••••• G••••••• I•• B••• L••••• | term loan second lien S••••• L••• | $13.2M | $166,000 1c | 14.69% PIK 9.25% |
| N•• M••••••• F•••••• C••• | term loan second lien S••••• lien 2 | Not disclosed | $115,000 100c | 14.69% PIK 9.25% |
| N•• M••••••• F•••••• C••• | term loan second lien S••••• lien term loan | Not disclosed | $450,000 2c | |
| N•• M••••••• G••••••• I•• B••• L••••• | term loan second lien S••••• lien | Not disclosed | $166,000 1c |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•• M••••••• G••••••• I•• B••• L••••• | term loan second lien S••••• lien, N••••••••• status | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Mar 31, 2024 | at least $40.0M | 2c | 14.69% PIK 9.25% | Jan 1, 2029 | 2 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 2 | $40.0M | $1.2M | 2c | 3 |
| Dec 31, 2023 | 3 | $93.2M | $5.0M | 5c | 0 |
| Sep 30, 2023 | 2 | $40.0M | $21.2M | 53c | 0 |
| Jun 30, 2023 | 2 | $40.0M | $22.5M | 57c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 2 | $40.0M | $28.3M | 71c | 0 |
| Dec 31, 2022 | 2 | $40.0M | $30.0M | 75c | 0 |
| Sep 30, 2022 | 1 | $26.8M | $19.5M | 73c | 0 |
| Dec 31, 2021 | 1 | $26.8M | $26.8M | 100c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- PIK interest appearsMar 31, 2024
- Placed on non-accrualMar 31, 2024
- PIK interest appearsMar 31, 2024
- PIK interest appearsMar 31, 2024
Full timeline · 15 eventsShow fewer
- Placed on non-accrualMar 31, 2024
- Marked down across lendersDec 31, 2023
- Marked down (one lender)Dec 31, 2023
- Marked down (one lender)Dec 31, 2023
- Marked down across lendersJun 30, 2023
- Marked down (one lender)Jun 30, 2023
- Marked down (one lender)Jun 30, 2023
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- NEW TROJANderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived