DFX Intelligence
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Borrower
B•• V• E•••••• A••••••••• L••
Business Servicesgroup grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2023, $92.6M principal held by 2 lenders; matures May 2027.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 101¢ · 102¢Q3 2022 to Q3 2023
Principal held
at least $92.6M
sum of BDC pieces, a lower bound
Fair value
$92.4M
102c 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
May 3, 2027
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Sep 30, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $69.5M | 102¢ | +2 pts |
| O••• D••••• L•••••• B•• F••• | $23.2M | 101¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $69.5M | $69.5M 102c | S+625 bp |
| O••• D••••• L•••••• B•• F••• | term loan lien unstated T••• L••• R•••••••• R••• and S••••• 3M S••• + 6.25% F•••• 0.75% I••••••• R••• 11.64% I•••• | $23.2M | $22.9M 101c | S+625 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
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, 2023 | 2 | $92.6M | $92.4M | 102c | 0 |
| Jun 30, 2023 | 2 | $93.9M | $92.6M | 101c | 0 |
| Mar 31, 2023 | 1 | $71.3M | $69.6M | 100c | 0 |
| Dec 31, 2022 | 2 | $98.8M | $96.3M | 100c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2022 | 1 | $75.0M | $73.1M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Facility left every BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- BCP V EVERISEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Business Servicesreportedas one filer wrote it