DFX Intelligence
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Borrower
B••• T• R••• L••
group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Also written as: Equity Securities
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 52¢ on cost, down from 92¢ a year ago, 76¢ last quarter.
Mark path, consensus per quarter end
92¢ · 90¢ · 79¢ · 76¢ · 52¢Q1 2023 to Q1 2024
Where each lender marks it on the first lien term loan, 0 points apart
52¢52¢
Principal held
at least $13.9M
sum of BDC pieces, a lower bound
Fair value
$7.1M
52c 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
Apr 1, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
6
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | $10M | 52¢ | -24 pts |
| M••••• C•••••• C••• | $3.9M | 52¢ | -24 pts |
Every BDC piece · 6 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L••••, One | $8.8M | $4.5M 52c | S+626 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• 1 | $3.4M | $1.8M 52c | S+626 bp |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L••••, Two | $1.2M | $614,000 51c | S+626 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• 2 | $467,000 | $239,000 51c | S+626 bp |
| M••••• C•••••• C••• | equity equity C•••• A units | Not disclosed | $0 0c |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | equity equity C•••• A units | Not disclosed | $0 0c |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2024 | at least $13.9M | 52c | S+626 bp | Apr 1, 2027 | 2 |
| first lien delayed draw term loan first lien exited Dec 31, 2022 | at least $470,000 | 96c | //www.monroebdc.com/20230930#London Interbank Offered Rate+600 bp | Apr 1, 2027 | 1 |
Equity pieces beside the debt: equity ($0 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 |
|---|---|---|---|---|---|
| Mar 31, 2024 | 2 | $13.9M | $7.1M | 52c | 0 |
| Dec 31, 2023 | 2 | $34.0M | $25.4M | 76c | 0 |
| Sep 30, 2023 | 2 | $13.9M | $10.8M | 79c | 0 |
| Jun 30, 2023 | 2 | $13.9M | $12.4M | 90c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 2 | $14.0M | $12.7M | 92c | 0 |
| Dec 31, 2022 | 2 | $28.0M | $26.9M | 98c | 0 |
| Sep 30, 2022 | 1 | $4.0M | $3.9M | 101c | 0 |
| Dec 31, 2021 | 1 | $4.1M | $3.6M | 104c | 0 |
What changed
- Marked down across lendersMar 31, 2024
- Facility left every BDC scheduleMar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Marked down across lendersSep 30, 2023
Full timeline · 13 eventsShow fewer
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down across lendersMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Marked down (one lender)Mar 31, 2023
- New lender joined a facilityDec 31, 2022
- Facility left every BDC scheduleDec 31, 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
- B••• T• R••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived