DFX Intelligence
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Borrower
S••••• N•••• A••••••• I••
IT Servicesgroup grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Also written as: Inc. Undrawn Commitment
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 101¢ · 101¢ · 100¢Q3 2023 to Q4 2024
Principal held
at least $23.1M
sum of BDC pieces, a lower bound
Fair value
$45.5M
100c on cost, debt pieces
Unfunded
$4.5M
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Aug 6, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2024
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••••• D••• S•••••••• B•• | $23.1M | 100¢ | new this quarter |
| M••••• A••••• I••••••••• P•••••• L•••••• | no principal filed | no cost filed | new this quarter |
| M••••• F•••••••• I••••••••• C••• | no principal filed | no cost filed | new this quarter |
Every BDC piece · 7 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• S+500, 0.75% F•••• M•••• | $21.0M | $20.7M 100c | SOFR+500 bp |
| A••••• D••• S•••••••• B•• | revolver first lien Investment T••• F•••• L••• S•••••• D••• - R••••••• I••••••• R••• S+500, 0.75% F•••• M••••• | $2.1M | $2.0M 100c | SOFR+500 bp |
| A••••• D••• S•••••••• B•• | unstated lien unstated | Not disclosed | Not disclosed | |
| A••••• D••• S•••••••• B•• | unstated lien unstated | Not disclosed | $22.7M 100c | |
| M••••• A••••• I••••••••• P•••••• L•••••• | unstated lien unstated | Not disclosed | Not disclosed |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2024 | at least $21.0M | 100c | SOFR+500 bp | Aug 6, 2030 | 1 |
| first lien revolver first lien exited Dec 31, 2024 | at least $2.1M | 100c | SOFR+500 bp | Aug 6, 2030 | 1 |
Equity pieces beside the debt: other ($22.7M fair value, 3 BDCs)
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, 2024 | 3 | $23.1M | $22.7M | 100c | 0 |
| Jun 30, 2024 | 1 | $8.7M | $8.7M | 101c | 0 |
| Mar 31, 2024 | 1 | $8.7M | $8.7M | 101c | 0 |
| Dec 31, 2023 | 1 | $8.8M | $8.7M | 100c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $8.8M | $8.7M | 100c | 0 |
| Dec 31, 2022 | 1 | $17.7M | $17.1M | 97c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Spread changed (observed)Dec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Spread changed (observed)Sep 30, 2023
Full timeline · 6 eventsShow fewer
- Spread increasedSep 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- S••••• N•••• A••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- IT Servicesreportedas one filer wrote it