DFX Intelligence
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Borrower
T••••••••• L••
IT Servicesgroup grade Aoff every schedule since Jun 30, 2023sponsor not established · possible relationship
Nothing material in the last 200 days. Last change: 30 Jun 2023, Consensus mark 100¢ on cost, down from 101¢ a year ago, 96¢ last quarter.
Mark path, consensus per quarter end
101¢ · 95¢ · 94¢ · 96¢ · 100¢Q4 2021 to Q2 2023
Principal held
at least $13.4M
sum of BDC pieces, a lower bound
Fair value
$13.4M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
May 5, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2023
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $12.3M | 100¢ | +4 pts |
| B•••••••• P•••••• C••••• F••• | $1.11M | 102¢ | +3 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $12.3M | $12.3M 100c | S+375 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref L••••(Q) F•••• 0.75% S••••• 3.75% T•••• C••••• 9.23% | $1.1M | $1.1M 102c | S+375 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Jun 30, 2023 | at least $12.3M | 100c | S+375 bp | May 5, 2026 | 1 |
| first lien term loan first lien exited Jun 30, 2023 | at least $1.1M | 102c | S+375 bp | May 5, 2026 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 2 | $13.4M | $13.4M | 100c | 0 |
| Mar 31, 2023 | 2 | $13.5M | $12.9M | 96c | 0 |
| Dec 31, 2022 | 2 | $13.5M | $12.6M | 94c | 0 |
| Sep 30, 2022 | 1 | $15.4M | $14.6M | 95c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1 | $19.8M | $19.8M | 101c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Marked down (one lender)Sep 30, 2022
Sponsor
Possible relationship, not established: A••• I••••••••• P••••••• L•, because a company of this name is on the sponsor's portfolio page (confidence 0.7). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- A••• I••••••••• P••••••• L•
- the sponsor's own portfolio page lists a company of this nameestimateddatacenterdynamics.com"••• Locked"
Identity
- Group key
- TIERPOINTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- IT Servicesreportedas one filer wrote it