DFX Intelligence
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Borrower
L•••• • L••••••• L••
group grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
98¢ · 98¢ · 98¢ · 98¢Q4 2021 to Q1 2023
Principal held
at least $11.4M
sum of BDC pieces, a lower bound
Fair value
$11.1M
98c 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
May 15, 2023
$11.4M inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2023
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| W••••••••• F••••••• I••• | $11.4M | 98¢ | 0 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| W••••••••• F••••••• I••• | term loan first lien F•••• L••• S•••••• T••• L••• | $11.4M | $11.1M 98c | SOFR+776 bp PIK 1.13% |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2023 | at least $11.4M | 98c | SOFR+776 bp PIK 1.13% | May 15, 2023 | 1 |
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, 2023 | 1 | $11.4M | $11.1M | 98c | 1 |
| Dec 31, 2022 | 1 | $11.2M | $10.9M | 98c | 1 |
| Sep 30, 2022 | 1 | $11.2M | $10.9M | 98c | 1 |
| Dec 31, 2021 | 1 | $11.1M | $10.9M | 98c | 1 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Spread changed (observed)Mar 31, 2023
- Spread changed (observed)Dec 31, 2022
- Spread changed (observed)Sep 30, 2022
- Spread increasedSep 30, 2022
Full timeline · 6 eventsShow fewer
- 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
- LENNY AND LARRYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived