DFX Intelligence
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Borrower
H•••••• L••
Commercial & Professional Servicesgroup grade Boff 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
97¢ · 97¢ · 98¢ · 99¢ · 100¢Q4 2022 to Q4 2023
Principal held
at least $9.1M
sum of BDC pieces, a lower bound
Fair value
$9.1M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Feb 1, 2025
$9.1M inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2023
Events
7
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 |
|---|---|---|---|
| C••••••• C•••••• B••• I••• | $9.09M | 100¢ | +1 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 525 (100 F••••) (inc | $5.0M | $5.0M 100c | S+525 bp PIK 0.25% |
| C••••••• C•••••• B••• I••• | delayed draw term loan first lien Investment T••• S••••• S•••••• F•••• L••• D•••••• D••• T••• L••• I••••••• T••• S + 525 (10 | $4.1M | $4.1M 100c | S+525 bp PIK 0.25% |
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• S••••• S•••••• F•••• L••• R••••••• I••••••• T••• P + 400 (100 F••••) I•••• | $3,000 | Not disclosed n/a | S+400 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2023 | at least $5.0M | 100c | S+525 bp PIK 0.25% | Feb 1, 2025 | 1 |
| first lien delayed draw term loan first lien exited Dec 31, 2023 | at least $4.1M | 100c | S+525 bp PIK 0.25% | Feb 1, 2025 | 1 |
| first lien revolver first lien exited Dec 31, 2023 | at least $3,000 | n/a | S+400 bp | Feb 1, 2025 | 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 | $9.1M | $9.1M | 100c | 2 |
| Sep 30, 2023 | 1 | $9.2M | $9.1M | 99c | 2 |
| Jun 30, 2023 | 1 | $9.1M | $8.9M | 98c | 0 |
| Mar 31, 2023 | 1 | $9.7M | $9.5M | 97c | 3 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $9.9M | $9.6M | 97c | 3 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Spread increasedDec 31, 2023
- PIK interest appearsSep 30, 2023
Full timeline · 10 eventsShow fewer
- PIK interest appearsSep 30, 2023
- Spread changed (observed)Sep 30, 2023
- PIK interest appearsSep 30, 2023
- PIK interest appearsSep 30, 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
- HEPACOderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Commercial & Professional Servicesreportedas one filer wrote it