DFX Intelligence
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Borrower
S••••••• H••••••• B••• E••••••••• E•••••••••
group grade Aoff every schedule since Dec 31, 2021sponsor unattributed
Also written as: Senior
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $44.6M
sum of BDC pieces, a lower bound
Fair value
$94.2M
104c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2021
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2021, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••• B••• I••• | $44.6M | 104¢ | new this quarter |
Every BDC piece · 5 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | unstated lien unstated | $22.3M | $47.1M 107c | |
| B•••••• B••• I••• | term loan unsecured or subordinated S••••• S••••••••• L••• | $9.5M | $9.5M 100c | PIK 3.10% |
| B•••••• B••• I••• | term loan unsecured or subordinated U•••••••• T••• L••• | $7.3M | $7.3M 96c | |
| B•••••• B••• I••• | term loan lien unstated B••••• L••• | $5.5M | $5.5M 100c | PIK 5.00% |
| B•••••• B••• I••• | equity equity C••••• S•••• | Not disclosed | $24.8M 117c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2021
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2021 | at least $22.3M | 107c | unstated | 1 | |
| unsecured or subordinated term loan unsecured or subordinated exited Dec 31, 2021 | at least $16.8M | 98c | PIK 3.10% | unstated | 1 |
| term loan lien unstated exited Dec 31, 2021 | at least $5.5M | 100c | PIK 5.00% | unstated | 1 |
Equity pieces beside the debt: equity ($24.8M fair value, 1 BDC)
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, 2021 | 1 | $44.6M | $69.4M | 104c | 2 |
What changed
- New borrower on a BDC scheduleDec 31, 2021
- Facility left every BDC scheduleDec 31, 2021
- Facility left every BDC scheduleDec 31, 2021
- Facility left every 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
- SECURITY B V ELECTRICAL ENGINEERINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived