DFX Intelligence
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Borrower
S••••••••• S•••••••
S••••••• & Servicesgroup grade Aoff every schedule since Mar 31, 2024sponsor not established · possible relationship
Also written as: Enterprise
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
99¢ · 100¢ · 101¢ · 101¢ · 101¢Q1 2023 to Q1 2024
Where each lender marks it on the first lien term loan, 0 points apart
101¢101¢
Principal held
at least $33.0M
sum of BDC pieces, a lower bound
Fair value
$32.8M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••• B••• I••• | $20.5M | 101¢ | 0 pts |
| B•••••• P•••••• C••••• C••• | $12.5M | 101¢ | 0 pts |
Every BDC piece · 5 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• 1 | $17.7M | $17.6M 100c | S+550 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• 1 | $6.6M | $6.6M 100c | S+550 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• 3 | $4.1M | $4.1M 101c | S+650 bp |
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• 2 | $2.8M | $2.8M 101c | S+650 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• 2 | $1.7M | $1.7M 100c | S+550 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2024 | at least $33.0M | 101c | S+650 bp | unstated | 2 |
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, 2024 | 2 | $33.0M | $32.8M | 101c | 0 |
| Dec 31, 2023 | 2 | $27.3M | $27.2M | 101c | 0 |
| Sep 30, 2023 | 2 | $27.4M | $27.3M | 101c | 0 |
| Jun 30, 2023 | 2 | $34.4M | $33.9M | 100c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 2 | $34.5M | $33.9M | 99c | 0 |
| Dec 31, 2022 | 2 | $34.6M | $33.9M | 99c | 0 |
| Sep 30, 2022 | 1 | $21.0M | $20.7M | 100c | 0 |
| Dec 31, 2021 | 1 | $10.3M | $10.3M | 102c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)Mar 31, 2023
- New lender joined a facilityDec 31, 2022
- Spread increasedDec 31, 2022
Full timeline · 6 eventsShow fewer
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
Possible relationship, not established: A••••••••, because a company of this name is on the sponsor's portfolio page (confidence 0.65). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- A••••••••
- the sponsor's own portfolio page lists a company of this nameestimatedaccel-kkr.com"••• Locked"
Identity
- Group key
- S••••••••• S•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- S••••••• & Servicesreportedas one filer wrote it