DFX Intelligence
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Borrower
W••••• U• E••••••••• I••
group grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Also written as: Transportation Services
Nothing material in the last 200 days. Last change: 30 Sep 2024, Consensus mark 98¢ on cost, up from 93¢ a year ago, 97¢ last quarter.
Mark path, consensus per quarter end
93¢ · 95¢ · 96¢ · 97¢ · 98¢Q3 2023 to Q3 2024
Where each lender marks it on the first lien term loan, 0 points apart
98¢98¢
Principal held
at least $27.5M
sum of BDC pieces, a lower bound
Fair value
$26.2M
98c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Sep 30, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••• P•••••• C••••• C••• | $13.8M | 98¢ | +1 pts |
| B•••••• B••• I••• | $8.26M | 98¢ | +1 pts |
| B•••••• C•••••• I••••••••• C••• | $5.51M | 98¢ | +1 pts |
Every BDC piece · 3 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $13.8M | $13.1M 98c | 12.00% |
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $8.3M | $7.8M 98c | 12.00% |
| B•••••• C•••••• I••••••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $5.5M | $5.2M 98c | 12.00% |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $27.5M | 98c | 12.00% | unstated | 3 |
Equity pieces beside the debt: equity ($401,000 fair value, 1 BDC)
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, 2024 | 3 | $27.5M | $26.2M | 98c | 0 |
| Jun 30, 2024 | 3 | $31.2M | $29.1M | 97c | 0 |
| Mar 31, 2024 | 3 | $32.1M | $29.6M | 96c | 0 |
| Dec 31, 2023 | 3 | $35.8M | $32.9M | 95c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 3 | $41.1M | $37.0M | 93c | 0 |
| Jun 30, 2023 | 3 | $42.8M | $36.3M | 88c | 0 |
| Mar 31, 2023 | 4 | $43.9M | $43.2M | 102c | 0 |
| Dec 31, 2022 | 3 | $45.0M | $43.8M | 101c | 0 |
| Sep 30, 2022 | 1 | $15.0M | $14.6M | 101c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Mark recoveredSep 30, 2023
- Marked down across lendersJun 30, 2023
- Marked down (one lender)Jun 30, 2023
- Marked down (one lender)Jun 30, 2023
Full timeline · 9 eventsShow fewer
- Marked down (one lender)Jun 30, 2023
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New borrower on a BDC scheduleSep 30, 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
- W••••• U• E•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived