DFX Intelligence
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Borrower
Q••••••••• L••
Aerospace and Defensegroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: 0% Q••••••••• L••
Nothing material in the last 200 days. Last change: 30 Jun 2024, $300K principal held by 2 lenders; matures Feb 2027.
Mark path, consensus per quarter end
101¢ · 101¢ · 101¢ · 101¢ · 101¢Q2 2023 to Q2 2024
Principal held
at least $300,000
sum of BDC pieces, a lower bound
Fair value
$300,000
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Feb 4, 2027
no dated debt inside 24 months
On the tape since
Sep 30, 2022
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 |
|---|---|---|---|
| P••••••••• F••••••• R••• C•••••• L••• | $150K | 101¢ | 0 pts |
| P••••••••• I••••••••• C••• | $150K | 101¢ | 0 pts |
Every BDC piece · 3 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| P••••••••• F••••••• R••• C•••••• L••• | term loan second lien S••••• L••• S•••••• D••• M••••••• 02/04/2027 I••••••• A•••••••• and D•••••• C•••••• C••••• | $150,000 | $150,000 101c | S+101 bp |
| P••••••••• I••••••••• C••• | term loan second lien S••••• L••• S•••••• D••• M••••••• 02/04/2027 A•••••••• and D•••••• C•••••• C••••• 15.44% B | $150,000 | $150,000 101c | S+101 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan second lien S••••• L••• S•••••• D••• M••••••• 02/04/2027 I••••••• A•••••••• and D•••••• C•••••• C••••• | Not disclosed | Not disclosed | S+1010 bp |
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 Jun 30, 2024 | at least $300,000 | 101c | S+101 bp | Feb 4, 2027 | 2 |
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 | $300,000 | $300,000 | 101c | 0 |
| Mar 31, 2024 | 2 | $300,000 | $300,000 | 101c | 0 |
| Dec 31, 2023 | 2 | $300,000 | $300,000 | 101c | 0 |
| Sep 30, 2023 | 2 | $600,000 | $447,000 | 76c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 2 | $300,000 | $298,000 | 101c | 0 |
| Mar 31, 2023 | 2 | $300,000 | $298,000 | 101c | 0 |
| Sep 30, 2022 | 2 | $300,000 | $295,000 | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread changed (observed)Dec 31, 2023
- Spread increasedDec 31, 2023
- Spread increasedDec 31, 2023
Full timeline · 7 eventsShow fewer
- Spread changed (observed)Sep 30, 2023
- 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
- QUANTITECHderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 2 BDCsderived
- Industry
- Aerospace and Defensereportedas one filer wrote it