DFX Intelligence
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Borrower
S•••••••
Nothing material in the last 200 days. Last change: 30 Sep 2024, Consensus mark 78¢ on cost, down from 85¢ a year ago, 78¢ last quarter.
Mark path, consensus per quarter end
85¢ · 81¢ · 81¢ · 78¢ · 78¢Q3 2023 to Q3 2024
Principal held
at least $18.6M
sum of BDC pieces, a lower bound
Fair value
$14.5M
78c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
May 6, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
1
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 |
|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | $14.7M | 78¢ | 0 pts |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $3.9M | 78¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | unstated lien unstated | $14.7M | $11.5M 78c | S+475 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | unstated lien unstated | $3.9M | $3.0M 78c | S+475 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Sep 30, 2024 | at least $18.6M | 78c | S+475 bp | May 6, 2028 | 2 |
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 | 2 | $18.6M | $14.5M | 78c | 0 |
| Jun 30, 2024 | 2 | $18.6M | $14.5M | 78c | 0 |
| Mar 31, 2024 | 2 | $18.7M | $15.0M | 81c | 0 |
| Dec 31, 2023 | 2 | $18.7M | $15.1M | 81c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 2 | $18.7M | $15.8M | 85c | 0 |
| Jun 30, 2023 | 2 | $18.8M | $17.1M | 91c | 0 |
| Mar 31, 2023 | 2 | $18.8M | $18.3M | 98c | 0 |
| Dec 31, 2022 | 2 | $18.9M | $18.4M | 98c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Jun 30, 2023
- Marked down (one lender)Jun 30, 2023
Sponsor
- N••••• P•••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedarsenalcapital.com"••• Locked"
Identity
- Group key
- SPARTECHderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived