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
C••••• I••••••••• 2• C•••
Chemicalsgroup grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Also written as: C••••• I••••••••• Corp
Nothing material in the last 200 days. Last change: 31 Mar 2024, $24M principal held by 2 lenders; matures Jul 2028.
Mark path, consensus per quarter end
100¢ · 103¢ · 103¢ · 102¢Q2 2023 to Q1 2024
Where each lender marks it on the first lien term loan, 3 points apart
100¢103¢
Principal held
at least $24.0M
sum of BDC pieces, a lower bound
Fair value
$24.1M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jul 1, 2028
no dated debt inside 24 months
On the tape since
Jun 30, 2023
latest Mar 31, 2024
Events
2
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 |
|---|---|---|---|
| B••• O•• C••••• I••••• C•••• | $18.7M | 103¢ | 0 pts |
| G•••••• S•••• P•••••• C••••• C•••• | $5.24M | 100¢ | -1 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• C••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | $18.7M | $18.8M 103c | S+475 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C•••••••• R•••••••• R••• and S••••• S + 4.75% M••••• | $5.2M | $5.3M 100c | S+475 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 $24.0M | 102c | S+475 bp | Jul 10, 2028 | 2 |
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 | 2 | $24.0M | $24.1M | 102c | 0 |
| Dec 31, 2023 | 2 | $23.9M | $24.0M | 103c | 0 |
| Sep 30, 2023 | 2 | $24.6M | $24.7M | 103c | 0 |
| Jun 30, 2023 | 2 | $22.9M | $21.3M | 100c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- New borrower on a BDC scheduleJun 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- CYANCOderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived
- Industry
- Chemicalsreportedas one filer wrote it