DFX Intelligence
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Borrower
V• P• S• H•••••••
group grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
97¢ · 101¢ · 100¢ · 100¢ · 100¢Q3 2022 to Q3 2023
Principal held
at least $5.7M
sum of BDC pieces, a lower bound
Fair value
$5.4M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Oct 4, 2024
$5.7M inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2023
Events
13
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 |
|---|---|---|---|
| M••••• C•••••• C••• | $5.68M | 100¢ | 0 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L••••, One, due 10/4/2024 | $2.6M | $2.6M 101c | SOFR+711 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L••••, Two, due 10/4/2024 | $2.1M | $2.1M 100c | SOFR+711 bp |
| M••••• C•••••• C••• | revolver first lien R•••••••), S••••• S•••••• L••••, due 10/4/2024 | $1.0M | $703,000 100c | SOFR+711 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2023 | at least $4.7M | 100c | SOFR+711 bp | Oct 4, 2024 | 1 |
| first lien revolver first lien exited Sep 30, 2023 | at least $1.0M | 100c | SOFR+711 bp | Oct 4, 2024 | 1 |
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 | 1 | $5.7M | $5.4M | 100c | 0 |
| Jun 30, 2023 | 1 | $5.8M | $5.5M | 100c | 3 |
| Mar 31, 2023 | 1 | $6.3M | $5.4M | 100c | 3 |
| Dec 31, 2022 | 1 | $6.9M | $6.0M | 101c | 3 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2022 | 1 | $7.0M | $5.9M | 97c | 3 |
| Dec 31, 2021 | 1 | $7.3M | $6.1M | 97c | 3 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Facility left every BDC scheduleSep 30, 2023
- Spread changed (observed)Jun 30, 2023
- PIK interest increasedJun 30, 2023
- PIK interest increasedJun 30, 2023
Full timeline · 19 eventsShow fewer
- Spread changed (observed)Jun 30, 2023
- PIK interest increasedJun 30, 2023
- PIK interest increasedJun 30, 2023
- Spread changed (observed)Dec 31, 2022
- PIK interest increasedDec 31, 2022
- PIK interest increasedDec 31, 2022
- Spread changed (observed)Dec 31, 2022
- Spread increasedDec 31, 2022
- Spread increasedDec 31, 2022
- PIK interest increasedDec 31, 2022
- PIK interest increasedDec 31, 2022
- Spread changed (observed)Sep 30, 2022
- Spread changed (observed)Sep 30, 2022
- New borrower on a 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
- V• P• S• H•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived