DFX Intelligence
Private Credit Intelligence
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Borrower
I••••••••• C••••• • E••••••••• I••
Business Servicesgroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Principal held
at least $4.8M
sum of BDC pieces, a lower bound
Fair value
$2.9M
61c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jun 6, 2025
$4.8M inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2024
Events
2
dated, non-routine
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 $4.8M | 61c | S+535 bp | Jun 6, 2025 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F••••••• B•• C•••••• C••• | unstated lien unstated | $4.8M | $2.9M 61c | S+535 bp |
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 | 1 | $4.8M | $2.9M | 61c | 0 |
| Jun 30, 2024 | 1 | $4.8M | $3.8M | 83c | 0 |
| Mar 31, 2024 | 1 | $4.8M | $4.2M | 90c | 0 |
| Sep 30, 2023 | 1 | $4.8M | $4.6M | 96c | 0 |
| Jun 30, 2023 | 1 | $4.8M | $4.6M | 96c | 0 |
| Mar 31, 2023 | 1 | $4.8M | $4.4M | 91c | 0 |
| Dec 31, 2022 | 1 | $4.8M | $4.4M | 91c | 0 |
| Dec 31, 2021 | 1 | $4.9M | $4.5M | 91c | 0 |
What changed
- Lender left a facilitySep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Jun 30, 2024
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- CRUISE AND EXCURSIONSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Business Servicesreportedas one filer wrote it