DFX Intelligence
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Borrower
O•••• T••••• C•• 2••••• E•
Structured finance (CLO)group grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: Diversified Investment Vehicles
Principal held
at least $3.5M
sum of BDC pieces, a lower bound
Fair value
$3.4M
106c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jul 20, 2035
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2024
Events
2
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Jun 30, 2024 | at least $3.5M | 106c | S+811 bp | Jul 20, 2035 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F••••••• B•• C•••••• C••• | unstated lien unstated | $3.5M | $3.4M 106c | S+811 bp |
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, 2024 | 1 | $3.5M | $3.4M | 106c | 0 |
| Mar 31, 2024 | 1 | $3.5M | $3.3M | 104c | 0 |
| Dec 31, 2023 | 1 | $3.5M | $3.3M | 104c | 0 |
| Sep 30, 2023 | 1 | $3.5M | $3.2M | 102c | 0 |
| Jun 30, 2023 | 1 | $3.5M | $3.0M | 95c | 0 |
| Mar 31, 2023 | 1 | $3.5M | $3.0M | 96c | 0 |
| Dec 31, 2022 | 1 | $6.9M | $6.1M | 96c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- New lender joined a facilityDec 31, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- OCEAN TRAILS CLO 22 12A Ederivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Structured finance (CLO)reportedas one filer wrote it