DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
F••
group grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Also written as: Acquisition; Software Services
Nothing material in the last 200 days. Last change: 30 Sep 2024, Consensus mark 101¢ on cost, up from 94¢ a year ago, 97¢ last quarter.
Mark path, consensus per quarter end
94¢ · 99¢ · 98¢ · 97¢ · 101¢Q3 2023 to Q3 2024
Where each lender marks it on the first lien term loan, 8 points apart
96¢104¢
Principal held
at least $5.5M
sum of BDC pieces, a lower bound
Fair value
$5.5M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2024
Events
9
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 |
|---|---|---|---|
| B•••••• P•••••• C••••• C••• | $3.49M | 104¢ | +4 pts |
| B•••••• B••• I••• | $1.99M | 96¢ | +4 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $3.5M | $3.5M 104c | S+625 bp |
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $2.0M | $2.0M 96c | S+625 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $5.5M | 101c | S+625 bp | unstated | 2 |
| term loan lien unstated exited Mar 31, 2023 | unknown | n/a | unstated | 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 | 2 | $5.5M | $5.5M | 101c | 0 |
| Jun 30, 2024 | 2 | $5.3M | $5.3M | 97c | 0 |
| Mar 31, 2024 | 2 | $5.3M | $5.3M | 98c | 0 |
| Dec 31, 2023 | 2 | $5.4M | $5.3M | 99c | 0 |
All 10 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 2 | $5.2M | $5.1M | 94c | 0 |
| Jun 30, 2023 | 2 | $5.1M | $5.0M | 97c | 0 |
| Mar 31, 2023 | 2 | $5.1M | $4.9M | 97c | 0 |
| Dec 31, 2022 | 2 | $2.0M | $2.0M | 91c | 0 |
| Sep 30, 2022 | 1 | $1.5M | $1.5M | 84c | 0 |
| Dec 31, 2021 | 1 | $1.6M | $1.6M | 98c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread changed (observed)Jun 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
Full timeline · 15 eventsShow fewer
- Mark recoveredMar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- New lender joined a facilityDec 31, 2022
- Mark recoveredDec 31, 2022
- New lender joined a facilityDec 31, 2022
- Spread changed (observed)Sep 30, 2022
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- Spread increasedSep 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
- F24derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived