DFX Intelligence
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Borrower
B••• M••••• L••
group grade Coff 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
97¢ · 98¢ · 98¢ · 99¢ · 100¢Q1 2023 to Q1 2024
Principal held
at least $21.1M
sum of BDC pieces, a lower bound
Fair value
$21.0M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jun 10, 2024
$21.1M inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
5
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 |
|---|---|---|---|
| W••••••••• F••••••• I••• | $21.1M | 100¢ | +1 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| W••••••••• F••••••• I••• | term loan first lien F•••• L••• S•••••• T••• L••• | $19.3M | $19.2M 100c | SOFR+750 bp PIK 1.00% |
| W••••••••• F••••••• I••• | revolver first lien F•••• L••• S•••••• R•••••••• L••• | $1.8M | $1.8M 100c | //fasb.org/us-gaap/2023#Base Rate+749 bp PIK 1.00% |
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 $19.3M | 100c | SOFR+750 bp PIK 1.00% | Jun 10, 2024 | 1 |
| first lien revolver first lien exited Mar 31, 2024 | at least $1.8M | 100c | //fasb.org/us-gaap/2023#Base Rate+749 bp PIK 1.00% | Jun 10, 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 | 1 | $21.1M | $21.0M | 100c | 2 |
| Dec 31, 2023 | 1 | $21.3M | $21.0M | 99c | 2 |
| Sep 30, 2023 | 1 | $21.3M | $20.8M | 98c | 2 |
| Jun 30, 2023 | 1 | $21.2M | $20.6M | 98c | 2 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $21.2M | $20.6M | 97c | 2 |
| Dec 31, 2022 | 1 | $21.2M | $20.5M | 97c | 1 |
| Sep 30, 2022 | 1 | $14.9M | $14.3M | 96c | 0 |
| Dec 31, 2021 | 1 | $15.0M | $14.5M | 97c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Facility left every BDC scheduleMar 31, 2024
- PIK interest appearsMar 31, 2023
- PIK interest appearsMar 31, 2023
- Spread changed (observed)Dec 31, 2022
Full timeline · 7 eventsShow fewer
- Spread increasedDec 31, 2022
- Spread changed (observed)Sep 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
- B••• M••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived