DFX Intelligence
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Borrower
P•••••••• H••••••• I••
Machinerygroup grade Aoff every schedule since Mar 31, 2025sponsor not established · possible relationship
Also written as: Blade Group Holdings, LP; P••••••••, LP; Trimaster Manufacturing Inc
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q1 2024 to Q1 2025
Where each lender marks it on the first lien term loan, 0 points apart
100¢100¢
Principal held
at least $235M
sum of BDC pieces, a lower bound
Fair value
$184M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Dec 2, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2021
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 |
|---|---|---|---|
| G•••••• S•••• P•••••• C••••• C•••• | $207M | 100¢ | 0 pts |
| G•••••• S•••• B••• I••• | $18.1M | 100¢ | 0 pts |
| G•••••• S•••• M••••• M••••• L•••••• C•••• I• | $10M | 100¢ | 0 pts |
Every BDC piece · 9 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• M•••••••• I••••••• R••• 9.32% R•••••••• R••• and S•• | $165M | $163M 100c | SOFR+500 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• M•••••••• R•••••••• R••• and S••••• S + 5.00% M••••• | $42.5M | -$425,000 209c | SOFR+500 bp |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• M•••••••• I••••••• R••• 9.32% R•••••••• R••• and S•• | $14.4M | $14.3M 100c | SOFR+500 bp |
| G•••••• S•••• M••••• M••••• L•••••• C•••• I• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• M•••••••• I••••••• R••• 9.32% R•••••••• R••• and S•• | $7.2M | $7.1M 100c | SOFR+500 bp |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• M•••••••• R•••••••• R••• and S••••• S + 5.00% M••••• | $3.7M | -$37,000 206c | SOFR+500 bp |
View all 9 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• M••••• M••••• L•••••• C•••• I• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• M•••••••• R•••••••• R••• and S••••• S + 5.00% M••••• | $1.9M | -$19,000 211c | SOFR+500 bp |
| G•••••• S•••• M••••• M••••• L•••••• C•••• I• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• M•••••••• I••••••• R••• 11.50% R•••••••• R••• and S• | $930,000 | Not disclosed | Prime+400 bp |
| G•••••• S•••• B••• I••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• M•••••••• I••••••• R••• 11.50% R•••••••• R••• and S• | Not disclosed | $0 0c | Prime+400 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• M•••••••• I••••••• R••• 11.50% R•••••••• R••• and S• | Not disclosed | $0 0c | Prime+400 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 $235M | 100c | SOFR+500 bp | Dec 2, 2031 | 3 |
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 | 3 | $235M | $184M | 100c | 0 |
| Dec 31, 2024 | 3 | $258M | $184M | 100c | 0 |
| Sep 30, 2024 | 1 | $15.3M | $15.3M | 100c | 0 |
| Jun 30, 2024 | 1 | $15.4M | $15.4M | 100c | 0 |
All 12 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $15.4M | $15.4M | 100c | 0 |
| Dec 31, 2023 | 1 | $15.4M | $15.3M | 99c | 0 |
| Sep 30, 2023 | 1 | $15.6M | $15.2M | 97c | 0 |
| Jun 30, 2023 | 1 | $15.6M | $15.3M | 98c | 0 |
| Mar 31, 2023 | 1 | $15.6M | $15.3M | 98c | 0 |
| Dec 31, 2022 | 1 | $27.4M | $26.7M | 97c | 0 |
| Sep 30, 2022 | 1 | $31.6M | $31.3M | 99c | 0 |
| Dec 31, 2021 | 1 | $45.8M | $45.4M | 99c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2025
- Maturity extended (observed)Dec 31, 2024
- Spread changed (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
Full timeline · 6 eventsShow fewer
- New lender joined a facilityDec 31, 2024
Sponsor
Possible relationship, not established: C••••••••• P•••••••• L•••, because a company of this name is on the sponsor's portfolio page (confidence 0.7). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- C••••••••• P•••••••• L•••
- the sponsor's own portfolio page lists a company of this nameestimatedprnewswire.com"••• Locked"
Identity
- Group key
- PRECINMACderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 4 BDCsderived
- Industry
- Machineryreportedas one filer wrote it