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
W••••••• T••••••• I••
Chemicals, Plastics & Rubbergroup grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
98¢ · 96¢ · 93¢ · 93¢ · 94¢Q1 2023 to Q1 2024
Where each lender marks it on the first lien term loan, 5 points apart
93¢98¢
Principal held
at least $90.8M
sum of BDC pieces, a lower bound
Fair value
$108M
94c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Sep 13, 2024
$90.8M inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
10
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 |
|---|---|---|---|
| C•••••• S•••••• L••••••• I••• | $33.7M | 93¢ | 0 pts |
| C•••••• C••••• S••••••••• I••• | $33.7M | 93¢ | 0 pts |
| M••••• F•••••••• I••••••••• C••• | $23.5M | 98¢ | 0 pts |
Every BDC piece · 7 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | term loan first lien F•••• L••• D••• | $33.7M | $31.1M 93c | S+675 bp PIK 0.75% |
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• D••• | $27.3M | $25.2M 93c | S+675 bp PIK 0.75% |
| M••••• F•••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• S•••+690, 1.00% F•••• M••••••• D••• 09/13/24 | $21.4M | $21.1M 98c | S+690 bp PIK 0.75% |
| C•••••• S•••••• L••••••• I••• | term loan first lien | $6.4M | $5.9M 93c | 12.95% |
| M••••• F•••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• - R••••••• S•••+690, 1.00% F•••• M••••••• D••• 09/13/24 | $2.0M | $2.0M 98c | S+690 bp PIK 0.75% |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | $23.1M 98c | |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | Not disclosed |
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 $88.8M | 94c | S+675 bp PIK 0.75% | Sep 13, 2024 | 3 |
| first lien revolver first lien exited Mar 31, 2024 | at least $2.0M | 98c | S+690 bp PIK 0.75% | Sep 13, 2024 | 1 |
| other lien unstated exited Mar 31, 2024 | unknown | 98c | Sep 13, 2024 | 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, 2024 | 3 | $90.8M | $85.2M | 94c | 4 |
| Dec 31, 2023 | 3 | $158M | $147M | 93c | 8 |
| Sep 30, 2023 | 3 | $91.0M | $84.2M | 93c | 0 |
| Jun 30, 2023 | 3 | $88.7M | $84.4M | 96c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 3 | $88.9M | $86.7M | 133c | 0 |
| Dec 31, 2022 | 3 | $122M | $119M | 98c | 0 |
| Sep 30, 2022 | 1 | $33.0M | $32.3M | 99c | 0 |
| Mar 31, 2022 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2021 | 1 | $39.3M | $38.9M | 100c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Facility left every BDC scheduleMar 31, 2024
- Spread changed (observed)Mar 31, 2024
- Facility left every BDC scheduleMar 31, 2024
- PIK interest appearsDec 31, 2023
Full timeline · 22 eventsShow fewer
- Spread changed (observed)Dec 31, 2023
- PIK interest appearsDec 31, 2023
- Spread increasedDec 31, 2023
- Spread increasedDec 31, 2023
- PIK interest appearsDec 31, 2023
- PIK interest appearsDec 31, 2023
- PIK interest appearsDec 31, 2023
- PIK interest appearsDec 31, 2023
- Spread changed (observed)Jun 30, 2023
- Spread changed (observed)Jun 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityMar 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- W••••••• T••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Chemicals, Plastics & Rubberreportedas one filer wrote it