DFX Intelligence
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Borrower
I••••••••• W••• G••••
Electrical Equipmentgroup grade Aoff every schedule since Mar 31, 2025sponsor unattributed
Also written as: IW Buyer LLC
Nothing material in the last 200 days. Last change: 31 Mar 2025, Consensus mark 101¢ on cost, up from 100¢ a year ago, 103¢ last quarter.
Mark path, consensus per quarter end
100¢ · 101¢ · 101¢ · 103¢ · 101¢Q3 2023 to Q1 2025
Principal held
at least $2.5M
sum of BDC pieces, a lower bound
Fair value
$4.9M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Jun 28, 2029
no dated debt inside 24 months
On the tape since
Jun 30, 2023
latest Mar 31, 2025
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | $2.46M | 101¢ | new this quarter |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• - T••• L••• S•••+510, 1.00% F•••• M••••••• D••• 06/28/29 | $2.5M | $2.5M 101c | SOFR+510 bp |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | $2.4M 102c | |
| M••••• F•••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• - R••••••• S•••+510, 1.00% F•••• M••••••• D••• 06/28/29 | Not disclosed | -$2,000 25c | SOFR+510 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2025 | at least $2.5M | 101c | SOFR+510 bp | Jun 28, 2029 | 1 |
| first lien revolver first lien exited Mar 31, 2025 | unknown | n/a | SOFR+510 bp | Jun 28, 2029 | 1 |
Equity pieces beside the debt: other ($2.4M 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 |
|---|---|---|---|---|---|
| Mar 31, 2025 | 1 | $2.5M | $2.4M | 102c | 0 |
| Jun 30, 2024 | 1 | $0 | $0 | n/a | 0 |
| Mar 31, 2024 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2023 | 1 | $0 | $0 | n/a | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $0 | $0 | n/a | 0 |
| Jun 30, 2023 | 1 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
- New borrower on a BDC scheduleJun 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- I••••••••• W••• G••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Electrical Equipmentreportedas one filer wrote it