DFX Intelligence
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Borrower
N••••••• S•••• a•• P••• C••••••• L••
Health Care Providers & Servicesgroup grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2022, Non-accrual at 2 of 3 lenders on the latest schedules.
Principal held
at least $70.5M
sum of BDC pieces, a lower bound
Fair value
$5.1M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Jun 2, 2024
$70.5M inside 24 months
On the tape since
Sep 30, 2022
latest Dec 31, 2022
Events
4
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 |
|---|---|---|---|
| G•••••• S•••• B••• I••• | $36.6M | no cost filed | new this quarter |
| S••••• C•••••• H••••••• L•• | $28.6M | no cost filed | new this quarter |
| S•• I••••••••• C•••• | $5.36M | 99¢ | new this quarter |
Every BDC piece · 6 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• B••• I••• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• H••••• C••• P•••••••• & Services R•••••••• R••• and | $36.6M | Not disclosed n/a | S+825 bp |
| S••••• C•••••• H••••••• L•• | term loan second lien 2nd L•••/S••••• S•••••• D••• R•••••••• R••• and S••••• L + 8.25% M••••••• 12/02/24 | $28.6M | Not disclosed n/a | S+825 bp |
| S•• I••••••••• C•••• | term loan first lien 124.6% | F•••• L••• B••• D•••/S••••• S•••••• L•••• | 1% | 04-01-2022 | 06-02-2024 | $2.7M | $2.5M 99c | S+500 bp |
| S•• I••••••••• C•••• | term loan first lien 124.6% | F•••• L••• B••• D•••/S••••• S•••••• L•••• | 4/1/2022 | 6/2/2024 | $2.7M | $2.5M 99c | S+500 bp |
| G•••••• S•••• B••• I••• | equity equity C••••• S•••• I••••••• H••••• C••• P•••••••• & Services I•••••• A••••••••• D••• 06/02/17 | Not disclosed | Not disclosed n/a |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S••••• C•••••• H••••••• L•• | equity equity C••••• S•••• A••••••••• D••• 06/02/17 | Not disclosed | Not disclosed n/a |
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 $65.2M | n/a | S+825 bp | Dec 2, 2024 | 2 |
| first lien term loan first lien exited Dec 31, 2022 | at least $5.4M | 99c | S+500 bp | Jun 2, 2024 | 1 |
Equity pieces beside the debt: equity (Not disclosed fair value, 2 BDCs)
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 | 3 | $70.5M | $5.1M | 7c | 0 |
| Sep 30, 2022 | 1 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2022
- New lender joined a facilityDec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
- Spread changed (observed)Dec 31, 2022
- New borrower on a BDC scheduleSep 30, 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
- N••••••• S•••• A•• P••• C••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Health Care Providers & Servicesreportedas one filer wrote it