DFX Intelligence
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Borrower
W••••• C•••••••• L••
Real Estate Management & Developmentgroup grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $200M
sum of BDC pieces, a lower bound
Fair value
$199M
100c 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
Nov 30, 2023
$200M inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2022
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••••• D••• S•••••••• B•• | $200M | 100¢ | new this quarter |
Every BDC piece · 2 positions 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••• S+650, 0.75% F•••• M••••••• D••• 11/ | $100M | $99.5M 100c | S+650 bp |
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• I••••••• R••• S+650, 0.75% F•••• M••••••• D••• 11/ | $100M | $99.5M 100c | S+650 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2022 | at least $200M | 100c | S+650 bp | Nov 30, 2023 | 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, 2022 | 1 | $200M | $199M | 100c | 0 |
What changed
- Facility left every 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
- W••••• C••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Real Estate Management & Developmentreportedas one filer wrote it