DFX Intelligence
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Borrower
F•••••• O•• D•••• 2•
Hotels, Restaurants & Leisuregroup grade Aoff every schedule since Mar 31, 2025sponsor unattributed
Also written as: F•••••• One D••••
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢Q3 2024 to Q1 2025
Principal held
at least $5.0M
sum of BDC pieces, a lower bound
Fair value
$5.0M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Sep 10, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2024
latest Mar 31, 2025
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••••• D••• S•••••••• B•• | $5M | 100¢ | 0 pts |
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••• - T••• L••• I••••••• R••• S+200, 0.50% F•••• M•••• | $3.3M | $3.3M 100c | SOFR+200 bp |
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• S+200, 0.50% F•••• M•••• | $1.7M | $1.7M 100c | SOFR+200 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2025 | at least $5.0M | 100c | SOFR+200 bp | Sep 30, 2031 | 1 |
Equity pieces beside the debt: other ($5.0M 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 |
|---|---|---|---|---|---|
| Mar 31, 2025 | 1 | $5.0M | $5.0M | 100c | 0 |
| Dec 31, 2024 | 1 | $10.0M | $10.0M | 100c | 0 |
| Sep 30, 2024 | 1 | $5.0M | $5.0M | 100c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2025
- New borrower on a BDC scheduleSep 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- FORMULA ONE DELTAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 1 BDCderived
- Industry
- Hotels, Restaurants & Leisurereportedas one filer wrote it