DFX Intelligence
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Borrower
S••••••••
group grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2024, Consensus mark 85¢ on cost, down from 87¢ a year ago, 76¢ last quarter.
Mark path, consensus per quarter end
87¢ · 85¢ · 83¢ · 76¢ · 85¢Q3 2023 to Q3 2024
Principal held
at least $8.9M
sum of BDC pieces, a lower bound
Fair value
$7.5M
85c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Nov 5, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | $8.87M | 85¢ | +9 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | unstated lien unstated | $8.9M | $7.5M 85c | S+600 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Sep 30, 2024 | at least $8.9M | 85c | S+600 bp | Nov 5, 2026 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $8.9M | $7.5M | 85c | 0 |
| Jun 30, 2024 | 1 | $8.9M | $6.7M | 76c | 0 |
| Mar 31, 2024 | 1 | $9.2M | $7.6M | 83c | 0 |
| Dec 31, 2023 | 1 | $9.2M | $7.7M | 85c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $9.2M | $8.0M | 87c | 0 |
| Jun 30, 2023 | 1 | $9.3M | $7.9M | 86c | 0 |
| Mar 31, 2023 | 1 | $9.3M | $8.3M | 90c | 0 |
| Dec 31, 2022 | 1 | $9.3M | $8.1M | 88c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Marked down (one lender)Jun 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SMARTWAVEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived