DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
I••••••••• •••••• N••••••••• I••••••••• R•••• A••••••• C••••••• L••
Specialty Distribution Investment date 12/10/2020group 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 $14.9M
sum of BDC pieces, a lower bound
Fair value
$17.5M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Feb 11, 2026
no dated debt 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 |
|---|---|---|---|
| F•••• I••••••••• C••• | $14.9M | 100¢ | new this quarter |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• I••••••••• C••• | term loan second lien S••••• L••• D••• I••••••• S•••••••• D••••••••• R••• C•••/PIK 11.50%/0.00% Investment date | $14.9M | $14.9M 100c | |
| F•••• I••••••••• C••• | preferred equity equity P•••••••• Equity (U•••• N/A) I••••••• S•••••••• D••••••••• Investment date 12/10/2020 | Not disclosed | $307,000 115c | |
| F•••• I••••••••• C••• | equity equity C••••• Equity (C•••• A U••••) (10,915 units) I••••••• S•••••••• D••••••••• Investment date | Not disclosed | $2.4M | |
| F•••• I••••••••• C••• | equity equity C••••• Equity (C•••• F U••••) (710 units) I••••••• S•••••••• D••••••••• Investment date 12 | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2022 | at least $14.9M | 100c | Feb 11, 2026 | 1 |
Equity pieces beside the debt: preferred equity ($307,000 fair value, 1 BDC), equity ($2.4M fair value, 1 BDC)
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 | $14.9M | $14.9M | 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
- IDENTIFIER AXIS NON CONTROL NON AFFILIATE RHINO ASSEMBLYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Specialty Distribution Investment date 12/10/2020reportedas one filer wrote it