DFX Intelligence
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Borrower
S•••••••• R•••• B•••• S••••••
Air Freight & Logisticsgroup grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, $85M principal held by 1 lender; matures Sep 2027.
Principal held
at least $85.0M
sum of BDC pieces, a lower bound
Fair value
$93.1M
115c 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
Sep 30, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2024
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••••• D••• S•••••••• B•• | $85M | 115¢ as filed, not counted | no comparable mark |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• I••••••• R••• E+725,0.00% F•••• M••••••• D••• 9/30 | $85.0M | $93.1M 115c | S+725 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2024 | at least $85.0M | 115c | S+725 bp | Sep 30, 2027 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $85.0M | $93.1M | 115c | 0 |
| Dec 31, 2023 | 1 | $85.0M | $91.7M | 114c | 0 |
| Sep 30, 2023 | 1 | $85.0M | $87.8M | 109c | 0 |
| Jun 30, 2023 | 1 | $85.0M | $90.4M | 112c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $85.0M | $89.4M | n/a | 0 |
| Dec 31, 2022 | 1 | $85.0M | $88.7M | 111c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SWISSPORT RADARderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Air Freight & Logisticsreportedas one filer wrote it