DFX Intelligence
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Borrower
C•••••••• R••••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Also written as: C••••••••R••••
Nothing material in the last 200 days. Last change: 31 Dec 2023, $13M principal held by 1 lender; matures Apr 2028.
Mark path, consensus per quarter end
98¢ · 99¢ · 99¢ · 99¢ · 100¢Q4 2022 to Q4 2023
Principal held
at least $13.0M
sum of BDC pieces, a lower bound
Fair value
$12.9M
100c on cost, debt pieces
Unfunded
$0
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Apr 14, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2023
Events
3
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 |
|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | $13M | 100¢ | +1 pts |
Every BDC piece · 5 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated | $5.3M | $5.3M 100c | S+525 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated | $5.3M | $5.3M 100c | S+525 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated | $1.4M | $1.4M 99c | 9.00% PIK 3.75% |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated D•••••• D•••) | $996,000 | $968,000 98c | S+525 bp PIK 3.75% |
| N••••• C•••••••• D••••• L•••••• C•••• | unstated lien unstated | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| delayed draw term loan lien unstated exited Dec 31, 2023 | at least $13.0M | 100c | S+525 bp PIK 3.75% | Oct 14, 2028 | 1 |
| other lien unstated exited Dec 31, 2023 | unknown | n/a | unstated | 1 |
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 | $13.0M | $12.9M | 100c | 2 |
| Sep 30, 2023 | 1 | $7.7M | $7.6M | 99c | 2 |
| Jun 30, 2023 | 1 | $7.7M | $7.5M | 99c | 2 |
| Mar 31, 2023 | 1 | $7.7M | $7.5M | 99c | 2 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $5.3M | $4.7M | 98c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Spread increasedSep 30, 2023
- Maturity extended (observed)Mar 31, 2023
- Maturity extended (observed)Mar 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
- COLLISIONRIGHTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 1 BDCderived