DFX Intelligence
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Borrower
N•••••••• I••
Softwaregroup grade Aoff every schedule since Mar 31, 2023sponsor not established · possible relationship
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢Q4 2022 to Q1 2023
Principal held
at least $22.4M
sum of BDC pieces, a lower bound
Fair value
$22.6M
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
Jul 1, 2023
$22.4M inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2023
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| H••••••• C••••••• I••• | $22.4M | 100¢ | 0 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, M••••••• D••• J••• 2023, P•••• + 3.75%, F•••• rate 7.75%, PIK I••••••• 2.9 | $22.4M | $22.6M 100c | S+375 bp PIK 2.95% |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2023 | at least $22.4M | 100c | S+375 bp PIK 2.95% | Jul 1, 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 |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $22.4M | $22.6M | 100c | 1 |
| Dec 31, 2022 | 1 | $22.2M | $22.3M | 100c | 1 |
What changed
- Facility left every BDC scheduleMar 31, 2023
Sponsor
Possible relationship, not established: C•••••• I• I••••••••• P••••••• L•, because a company of this name is on the sponsor's portfolio page (confidence 0.6). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- C•••••• I• I••••••••• P••••••• L•
- the sponsor's own portfolio page lists a company of this nameestimatedcapitalip.com"••• Locked"
- A•••••• C•••••• A•••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedaugureyventures.com"••• Locked"
Identity
- Group key
- NEXTROLLderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Softwarereportedas one filer wrote it