DFX Intelligence
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Borrower
R••• T•••••• O••••••••• L•• 3•• E• B••••••• A••••• M••••••••
Restaurants Security 1st Lien, Secured Loangroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Also written as: TN 37804
Nothing material in the last 200 days. Last change: 30 Sep 2024, $3.32M principal held by 1 lender; matures Feb 2027.
Mark path, consensus per quarter end
99¢ · 99¢Q2 2024 to Q3 2024
Principal held
at least $3.3M
sum of BDC pieces, a lower bound
Fair value
$3.3M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Feb 24, 2027
no dated debt inside 24 months
On the tape since
Jun 30, 2024
latest Sep 30, 2024
Events
3
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 |
|---|---|---|---|
| G•••• E•• C•••••• C•••• | $3.32M | 99¢ | 0 pts |
Every BDC piece · 5 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• R••••••••• S••••••• 1st L•••, S•••••• L••• I••••••• R••• 1M S••• + 12.00%, 13.25% | $2.6M | $2.6M 99c | S+1200 bp PIK 6.00% |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• R••••••••• S••••••• 1st L•••, S•••••• L••• I••••••• R••• 1M S••• + 16.00%, 17.25% | $703,000 | Not disclosed n/a | S+1600 bp PIK 21.32% |
| G•••• E•• C•••••• C•••• | warrants equity I••••••• R••••••••• S••••••• W••••••• I•••••• A••••••••• D••• 2/24/2021 | Not disclosed | $730,000 | |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• R••••••••• S••••••• 1st L•••, S•••••• L••• I••••••• R••• 1M S••• | Not disclosed | Not disclosed | S+1600 bp |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• R••••••••• S••••••• 1st L•••, S•••••• L••• I••••••• R••• 1M S•••+12.00% | Not disclosed | Not disclosed | S+1200 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 $3.3M | 99c | S+1600 bp PIK 21.32% | Feb 24, 2027 | 1 |
Equity pieces beside the debt: warrants ($730,000 fair value, 1 BDC)
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 | 1 | $3.3M | $2.6M | 78c | 2 |
| Jun 30, 2024 | 1 | $2.6M | $2.6M | 99c | 2 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- New borrower on a BDC scheduleJun 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- RUBY TUESDAY OPERATIONS E BROADWAY AVENUE MARYVILLEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Restaurants Security 1st Lien, Secured Loanreportedas one filer wrote it