DFX Intelligence
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Borrower
L•••••• F•••••• L•• 9••• T•••••••• D•• N••••• F• 3•••• S•••••••• F•••••• S•••••••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢Q3 2023 to Q4 2023
Principal held
at least $10.0M
sum of BDC pieces, a lower bound
Fair value
$6.1M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jan 31, 2024
$10.0M inside 24 months
On the tape since
Sep 30, 2023
latest Dec 31, 2023
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••• E•• C•••••• C•••• | $10M | 100¢ | 0 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• E•• C•••••• C•••• | revolver first lien 1st L•••, S•••••• R••••••• I••••••• R••• P•••• + 1.25% 1.25% F•••• (9.75%) I•••••• A•••••• | $10.0M | $6.1M 100c | S+125 bp |
| G•••• E•• C•••••• C•••• | revolver first lien 1st L•••, S•••••• R••••••• I••••••• R••• P•••• | Not disclosed | Not disclosed | S+125 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien revolver first lien exited Dec 31, 2023 | at least $10.0M | 100c | S+125 bp | Jan 31, 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 |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $10.0M | $6.1M | 100c | 0 |
| Sep 30, 2023 | 1 | $5.0M | $5.9M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- New borrower on a BDC scheduleSep 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- LENDERS FUNDING 9345 TERRESINA DR NAPLES FL 34119 SPECIALTY FINANCE SECURITYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived