DFX Intelligence
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Borrower
H••••• T••••••••• C••••••
Commercial & Professional Servicesgroup grade Aoff every schedule since Jun 30, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Jun 2023, $13.1M principal held by 1 lender; matures Mar 2027.
Mark path, consensus per quarter end
103¢ · 103¢Q4 2022 to Q2 2023
Principal held
at least $13.1M
sum of BDC pieces, a lower bound
Fair value
$13.3M
103c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Mar 2, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2023
Events
6
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| T•• D••••• L•••••• V••• L•• | $13.1M | 103¢ | no comparable mark |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T•• D••••• L•••••• V••• L•• | term loan first lien A••••••••• D••• 03/02/22 T••• L••• - 12.22% (S••• + 7.00%, 1.00% F••••) Net Assets 1.9% M• | $7.1M | $7.2M 104c | S+700 bp |
| T•• D••••• L•••••• V••• L•• | term loan first lien A••••••••• D••• 03/02/22 L••• Out T••• L••• - 12.60% (S••• + 7.50%, 1.00% F••••) Net Asset | $6.1M | $6.1M 101c | S+750 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2021 | at least $79.9M | 114c | S+1025 bp | Oct 10, 2023 | 1 |
| first lien term loan first lien exited Jun 30, 2023 | at least $13.1M | 103c | S+750 bp | Mar 2, 2027 | 1 |
| term loan lien unstated exited Dec 31, 2022 | at least $12.9M | 104c | S+750 bp | Mar 2, 2027 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 1 | $13.1M | $13.3M | 103c | 0 |
| Mar 31, 2023 | 1 | $18.5M | $18.7M | 0c | 0 |
| Dec 31, 2022 | 1 | $18.9M | $19.2M | 103c | 0 |
| Dec 31, 2021 | 1 | $79.9M | $82.1M | 114c | 0 |
What changed
- Mark recoveredJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Marked down across lendersMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Facility left every BDC scheduleDec 31, 2022
Full timeline · 7 eventsShow fewer
- New borrower on a BDC scheduleDec 31, 2021
- Facility left every 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
- H••••• T•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Commercial & Professional Servicesreportedas one filer wrote it