DFX Intelligence
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Borrower
T•• I• L•••• 1• S•••
group grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Also written as: Chemical & Plastics
Nothing material in the last 200 days. Last change: 31 Mar 2023, Consensus mark 100¢ on cost, up from 88¢ in Q3 2022, 97¢ last quarter.
Mark path, consensus per quarter end
88¢ · 97¢ · 100¢Q3 2022 to Q1 2023
Where each lender marks it on the unsecured or subordinated term loan, 0 points apart
100¢100¢
Principal held
at least $28.0M
sum of BDC pieces, a lower bound
Fair value
$27.5M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Mar 31, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••• B••• I••• | $11.9M | 100¢ | +3 pts |
| B•••••• P•••••• C••••• C••• | $10.1M | 100¢ | +3 pts |
| B•••••• C•••••• I••••••••• C••• | $5.96M | 100¢ | +3 pts |
Every BDC piece · 3 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | term loan unsecured or subordinated S••••• S••••••••• T••• L••• | $11.9M | $11.7M 100c | PIK 9.30% |
| B•••••• P•••••• C••••• C••• | term loan unsecured or subordinated S••••• S••••••••• T••• L••• | $10.1M | $9.9M 100c | PIK 9.30% |
| B•••••• C•••••• I••••••••• C••• | term loan unsecured or subordinated S••••••••• T••• L••• | $6.0M | $5.8M 100c | PIK 9.30% |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| unsecured or subordinated term loan unsecured or subordinated exited Mar 31, 2023 | at least $28.0M | 100c | PIK 9.30% | unstated | 3 |
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, 2023 | 3 | $28.0M | $27.5M | 100c | 3 |
| Dec 31, 2022 | 3 | $26.9M | $26.1M | 97c | 3 |
| Sep 30, 2022 | 1 | $9.8M | $9.4M | 88c | 1 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Mark recoveredDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 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
- TSM LUXCOderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived