DFX Intelligence
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Borrower
M•• L•••••••• C••••••
group grade Aoff every schedule since Sep 30, 2022sponsor unattributed
Also written as: MacL•••••••• Holdings
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢Q4 2021 to Q3 2022
Principal held
at least $102M
sum of BDC pieces, a lower bound
Fair value
$181M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Dec 1, 2025
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2022
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••• C•••••• C••• | $84.9M | 100¢ | 0 pts |
| M••• S••••• C•••••• C••• | $16.9M | 99¢ | -2 pts |
Every BDC piece · 5 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $84.9M | $84.9M 100c | S+475 bp |
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• Two A•••• 22, 2019 | $15.2M | $15.0M 99c | S+475 bp |
| M••• S••••• C•••••• C••• | term loan lien unstated S•••••• D••• One A•••• 22, 2019 | $1.8M | $1.8M 99c | S+475 bp |
| A••• C•••••• C••• | preferred equity equity P•••••••• units | Not disclosed | $77.1M 100c | 13.75% PIK 9.25% |
| M••• S••••• C•••••• C••• | preferred equity equity P•••••••• S•••• O•••••• 01, 2019 | Not disclosed | $1.9M 97c | 13.75% PIK 9.25% |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2022 | at least $84.9M | 100c | S+475 bp | Dec 1, 2025 | 1 |
| term loan lien unstated exited Sep 30, 2022 | at least $16.9M | 99c | S+475 bp | Dec 22, 2025 | 1 |
Equity pieces beside the debt: preferred equity ($79.0M fair value, 2 BDCs)
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, 2022 | 2 | $102M | $102M | 100c | 0 |
| Dec 31, 2021 | 2 | $177M | $177M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2022
- Facility left every BDC scheduleSep 30, 2022
- New borrower on a 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
- MAC LEAN FOGGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived